What is HIGH WIRE NETWORKS NEW's earnings per share (EPS)?

HIGH WIRE NETWORKS NEW (HWNID) reported diluted earnings per share of $-0.40 for fiscal year 2024. This represents a 97.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

HIGH WIRE NETWORKS NEW Financials

HWNID

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows HIGH WIRE NETWORKS NEW (HWNID) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 0/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

HIGH WIRE NETWORKS NEW has an operating margin of -102.1%, meaning the company retains $-102 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -44.3% the prior year.

Growth

HIGH WIRE NETWORKS NEW's revenue declined 69% year-over-year, from $27.0M to $8.4M. This contraction results in a growth score of 0/100.

Liquidity

HIGH WIRE NETWORKS NEW's current ratio of 0.17 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While HIGH WIRE NETWORKS NEW generated -$6.1M in operating cash flow, capex of $14K consumed most of it, leaving -$6.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

1/9

HIGH WIRE NETWORKS NEW passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

15.92x

For every $1 of reported earnings, HIGH WIRE NETWORKS NEW generates $15.92 in operating cash flow (-$6.1M OCF vs -$385K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-7.4x

HIGH WIRE NETWORKS NEW earns $-7.4 in operating income for every $1 of interest expense (-$8.6M vs $1.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$8.4M

YoY-69.0%

5Y CAGR-20.0%

10Y CAGR+40.8%

HIGH WIRE NETWORKS NEW generated $8.4M in revenue in fiscal year 2024. This represents a decrease of 69.0% from the prior year.

EBITDA

-$7.8M

YoY+30.1%

HIGH WIRE NETWORKS NEW's EBITDA was -$7.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 30.1% from the prior year.

Net Income

-$385K

YoY+97.3%

HIGH WIRE NETWORKS NEW reported -$385K in net income in fiscal year 2024. This represents an increase of 97.3% from the prior year.

EPS (Diluted)

$-0.40

YoY+97.5%

HIGH WIRE NETWORKS NEW earned $-0.40 per diluted share (EPS) in fiscal year 2024. This represents an increase of 97.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$6.1M

YoY+22.8%

HIGH WIRE NETWORKS NEW generated -$6.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 22.8% from the prior year.

Cash & Debt

$221K

YoY-33.8%

5Y CAGR-15.2%

10Y CAGR-13.4%

HIGH WIRE NETWORKS NEW held $221K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

242M

YoY+0.7%

HIGH WIRE NETWORKS NEW had 242M shares outstanding in fiscal year 2024. This represents an increase of 0.7% from the prior year.

Margins & Returns

Gross Margin

30.1%

YoY-53.2pp

5Y CAGR+17.2pp

10Y CAGR-69.9pp

HIGH WIRE NETWORKS NEW's gross margin was 30.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 53.2 percentage points from the prior year.

Operating Margin

-102.1%

YoY-57.8pp

5Y CAGR-88.4pp

10Y CAGR+369.0pp

HIGH WIRE NETWORKS NEW's operating margin was -102.1% in fiscal year 2024, reflecting core business profitability. This is down 57.8 percentage points from the prior year.

Net Margin

-4.6%

YoY+49.1pp

5Y CAGR+18.3pp

10Y CAGR+465.5pp

HIGH WIRE NETWORKS NEW's net profit margin was -4.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 49.1 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$14K

YoY-30.1%

5Y CAGR+12.5%

10Y CAGR-11.7%

HIGH WIRE NETWORKS NEW invested $14K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 30.1% from the prior year.

HWNID Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$8.4M-69.0%	$27.0M+0.8%	$26.8M-1.6%	$27.2M+174.6%	$9.9M-61.1%	$25.5M
Cost of Revenue	$5.9M+30.3%	$4.5M-76.8%	$19.3M+1.7%	$19.0M+283.8%	$5.0M-77.7%	$22.2M
Gross Profit	$2.5M-88.8%	$22.5M+202.5%	$7.4M-9.2%	$8.2M+65.4%	$5.0M+50.0%	$3.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.5M-20.8%	$5.6M+0.3%	$5.6M+26.2%	$4.5M+200.6%	$1.5M-53.2%	$3.2M
Operating Income	-$8.6M+28.4%	-$12.0M+8.8%	-$13.1M-256.6%	-$3.7M-154.8%	-$1.4M+58.7%	-$3.5M
Interest Expense	$1.2M-52.7%	$2.5M+83.0%	$1.3M+21675.3%	$6K-99.4%	$1.1M-37.5%	$1.7M
Income Tax	N/A	N/A	N/A	N/A	$2K-99.1%	$204K
Net Income	-$385K+97.3%	-$14.5M+23.9%	-$19.0M-39.2%	-$13.7M-1873.4%	-$693K+88.1%	-$5.8M
EPS (Diluted)	$-0.40+97.5%	$-15.97-5603.6%	$-0.28	$-1.00	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	N/A	$2.3M+3.9%	$2.2M-6.7%	$2.3M+13.5%	$2.1M+5.9%	$1.9M-6.0%	$2.1M-57.6%	$4.9M
Cost of Revenue	N/A	$1.6M+13.8%	$1.4M-36.3%	$2.2M+61.2%	$1.4M+19.8%	$1.1M+2.2%	$1.1M+116.4%	-$6.8M
Gross Profit	N/A	$652K-14.4%	$762K+561.4%	$115K-83.0%	$679K-14.2%	$791K-15.8%	$939K-92.0%	$11.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$11K-98.9%	$985K+11.9%	$880K-53.6%	$1.9M+2224.5%	$82K-94.7%	$1.5M+59.7%	$958K+29.6%	$740K
Operating Income	-$19K+98.7%	-$1.4M-5.1%	-$1.3M+64.1%	-$3.7M-965.3%	-$345K+88.5%	-$3.0M-96.7%	-$1.5M+60.9%	-$3.9M
Interest Expense	$306K-27.5%	$421K+162.5%	$161K+27.5%	$126K+150.8%	$50K-93.3%	$744K+206.1%	$243K-67.7%	$753K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$880K+53.7%	-$1.9M+25.7%	-$2.6M-6.6%	-$2.4M-43.6%	-$1.7M-140.8%	$4.1M+1089.0%	-$414K+94.0%	-$7.0M
EPS (Diluted)	$-0.79+56.8%	$-1.83+30.2%	$-2.62	N/A	$-1.73-145.9%	$3.77+976.7%	$-0.43	N/A

HWNID Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$5.8M-46.6%	$10.8M-66.8%	$32.6M-29.1%	$46.0M+500.1%	$7.7M-37.1%	$12.2M
Current Assets	$1.3M-54.0%	$2.7M-74.3%	$10.7M-3.6%	$11.1M+277.2%	$2.9M-53.4%	$6.3M
Cash & Equivalents	$221K-33.8%	$333K-48.6%	$649K+27.7%	$508K+175.3%	$185K-63.4%	$504K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$830K+23.8%	$670K-82.9%	$3.9M-50.7%	$8.0M+653.8%	$1.1M-72.6%	$3.9M
Goodwill	$606K-80.9%	$3.2M-60.6%	$8.0M-63.0%	$21.7M+1152.3%	$1.7M+423.0%	$331K
Total Liabilities	$7.6M-43.8%	$13.6M-69.4%	$44.3M-12.0%	$50.4M+667.8%	$6.6M-59.3%	$16.1M
Current Liabilities	$7.5M-40.8%	$12.7M-41.3%	$21.6M-32.3%	$31.9M+1217.4%	$2.4M-85.0%	$16.1M
Long-Term Debt	N/A	N/A	N/A	$191K-94.5%	$3.5M-9.0%	$3.8M
Total Equity	-$1.8M+32.7%	-$2.7M+76.5%	-$11.7M-166.8%	-$4.4M-499.0%	$1.1M+120.2%	-$5.4M
Retained Earnings	-$46.9M-0.8%	-$46.5M-45.2%	-$32.1M	N/A	-$48.2M-58.1%	-$30.5M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$1.2M-77.5%	$5.5M-3.9%	$5.7M-1.8%	$5.8M+2935.6%	$191K-96.7%	$5.8M0.0%	$5.8M-46.6%	$10.8M
Current Assets	$15K-98.9%	$1.4M-0.9%	$1.4M+8.6%	$1.3M-33.5%	$1.9M-67.1%	$5.8M+14.1%	$5.1M+84.3%	$2.7M
Cash & Equivalents	N/A	$112K-31.7%	$164K-25.8%	$221K+57.0%	$141K-96.6%	$4.2M+1487.6%	$264K-20.9%	$333K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$1.1M+12.5%	$975K+17.4%	$830K-39.5%	$1.4M-0.1%	$1.4M-69.3%	$4.5M+568.7%	$670K
Goodwill	N/A	$606K0.0%	$606K0.0%	$606K-66.6%	$1.8M0.0%	$1.8M-42.7%	$3.2M0.0%	$3.2M
Total Liabilities	$7.4M-31.2%	$10.8M+14.6%	$9.4M+23.0%	$7.6M+4773.9%	-$163K-104.1%	$4.0M-54.2%	$8.8M-35.5%	$13.6M
Current Liabilities	$7.4M-31.0%	$10.7M+15.5%	$9.3M+23.9%	$7.5M+5.5%	$7.1M-26.1%	$9.6M-39.0%	$15.8M+24.4%	$12.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$6.2M-16.4%	-$5.3M-43.0%	-$3.7M-100.5%	-$1.8M-622.4%	$354K-80.1%	$1.8M+159.9%	-$3.0M-8.1%	-$2.7M
Retained Earnings	-$52.3M-1.7%	-$51.4M-3.8%	-$49.5M-5.4%	-$46.9M-5.4%	-$44.5M-3.9%	-$42.9M+8.7%	-$47.0M-0.9%	-$46.5M

HWNID Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$6.1M+22.8%	-$7.9M-274.9%	-$2.1M+49.7%	-$4.2M-689.9%	-$533K+76.6%	-$2.3M
Capital Expenditures	$14K-30.1%	$20K-95.1%	$405K+333.5%	$93K-19.1%	$115K+1386.3%	$8K
Free Cash Flow	-$6.1M+22.8%	-$8.0M-215.5%	-$2.5M+41.4%	-$4.3M-563.7%	-$648K+71.6%	-$2.3M
Investing Cash Flow	$9.8M+5040.2%	$190K+170.3%	$70K+111.8%	-$593K-414.5%	-$115K+88.6%	-$1.0M
Financing Cash Flow	-$3.8M-150.5%	$7.4M+230.2%	$2.2M-56.1%	$5.1M+1459.0%	$329K-89.3%	$3.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$57K+143.9%	-$130K+89.3%	-$1.2M-137.0%	-$512K+84.3%	-$3.3M-316.3%	-$784K+50.0%	-$1.6M-1270.1%	-$114K
Capital Expenditures	N/A	N/A	N/A	$794+701.5%	-$132+66.8%	-$397-102.9%	$14K	$0
Free Cash Flow	N/A	N/A	N/A	-$513K+84.3%	-$3.3M-316.1%	-$784K+50.4%	-$1.6M-1282.1%	-$114K
Investing Cash Flow	N/A	N/A	N/A	-$794-701.5%	$132-100.0%	$9.8M+71382.7%	-$14K	$0
Financing Cash Flow	$52K-33.9%	$78K-93.2%	$1.2M+188.9%	$400K+167.4%	-$594K+88.3%	-$5.1M-435.6%	$1.5M+6147.2%	$24K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HWNID Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	30.1%-53.2pp	83.4%+55.6pp	27.8%-2.3pp	30.1%-19.9pp	50.0%+37.0pp	13.0%
Operating Margin	-102.1%-57.8pp	-44.3%+4.7pp	-48.9%-35.4pp	-13.5%+1.0pp	-14.5%-0.9pp	-13.7%
Net Margin	-4.6%+49.1pp	-53.7%+17.4pp	-71.1%-20.8pp	-50.3%-43.3pp	-7.0%+15.9pp	-22.9%
Return on Equity	N/A	N/A	N/A	N/A	-63.0%	N/A
Return on Assets	-6.7%+127.1pp	-133.7%-75.3pp	-58.4%-28.6pp	-29.8%-20.7pp	-9.0%+38.9pp	-47.9%
Current Ratio	0.17-0.0	0.22-0.3	0.49+0.1	0.35-0.9	1.21+0.8	0.39
Debt-to-Equity	-4.13+0.8	-4.94-1.2	-3.78-3.7	-0.04-3.2	3.14+3.8	-0.70
FCF Margin	-73.3%-43.8pp	-29.5%-20.0pp	-9.4%+6.4pp	-15.8%-9.3pp	-6.5%+2.4pp	-8.9%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	28.9%-6.2pp	35.1%+30.1pp	5.0%-28.1pp	33.1%-7.8pp	40.8%-4.7pp	45.6%-195.0pp	240.5%
Operating Margin	N/A	-61.6%-0.7pp	-60.9%+97.1pp	-158.0%-141.2pp	-16.8%+138.2pp	-155.0%-80.9pp	-74.1%+6.2pp	-80.3%
Net Margin	N/A	-84.2%+33.5pp	-117.7%-14.7pp	-103.0%-21.6pp	-81.4%-293.0pp	211.5%+231.7pp	-20.1%+123.0pp	-143.1%
Return on Equity	N/A	N/A	N/A	N/A	-471.9%-702.2pp	230.3%	N/A	N/A
Return on Assets	-71.6%-36.9pp	-34.8%+10.2pp	-45.0%-3.5pp	-41.4%+834.8pp	-876.3%-947.1pp	70.8%+78.0pp	-7.2%+57.1pp	-64.3%
Current Ratio	0.00-0.1	0.13-0.0	0.15-0.0	0.17-0.1	0.27-0.3	0.60+0.3	0.32+0.1	0.22
Debt-to-Equity	-1.20+0.8	-2.03+0.5	-2.53+1.6	-4.13-3.7	-0.46-2.7	2.25+5.2	-2.95+2.0	-4.94
FCF Margin	N/A	N/A	N/A	-22.0%+137.0pp	-159.1%-118.6pp	-40.5%+36.2pp	-76.7%-74.3pp	-2.4%

Note: Shareholder equity is negative (-$1.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.17), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is HIGH WIRE NETWORKS NEW's annual revenue?

HIGH WIRE NETWORKS NEW (HWNID) reported $8.4M in total revenue for fiscal year 2024. This represents a -69.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is HIGH WIRE NETWORKS NEW's revenue growing?

HIGH WIRE NETWORKS NEW (HWNID) revenue declined by 69% year-over-year, from $27.0M to $8.4M in fiscal year 2024.

Is HIGH WIRE NETWORKS NEW profitable?

No, HIGH WIRE NETWORKS NEW (HWNID) reported a net income of -$385K in fiscal year 2024, with a net profit margin of -4.6%.

What is HIGH WIRE NETWORKS NEW's EBITDA?

HIGH WIRE NETWORKS NEW (HWNID) had EBITDA of -$7.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is HIGH WIRE NETWORKS NEW's gross margin?

HIGH WIRE NETWORKS NEW (HWNID) had a gross margin of 30.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is HIGH WIRE NETWORKS NEW's operating margin?

HIGH WIRE NETWORKS NEW (HWNID) had an operating margin of -102.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is HIGH WIRE NETWORKS NEW's net profit margin?

HIGH WIRE NETWORKS NEW (HWNID) had a net profit margin of -4.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is HIGH WIRE NETWORKS NEW's free cash flow?

HIGH WIRE NETWORKS NEW (HWNID) generated -$6.1M in free cash flow during fiscal year 2024. This represents a 22.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is HIGH WIRE NETWORKS NEW's operating cash flow?

HIGH WIRE NETWORKS NEW (HWNID) generated -$6.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are HIGH WIRE NETWORKS NEW's total assets?

HIGH WIRE NETWORKS NEW (HWNID) had $5.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are HIGH WIRE NETWORKS NEW's capital expenditures?

HIGH WIRE NETWORKS NEW (HWNID) invested $14K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does HIGH WIRE NETWORKS NEW have outstanding?

HIGH WIRE NETWORKS NEW (HWNID) had 242M shares outstanding as of fiscal year 2024.

What is HIGH WIRE NETWORKS NEW's current ratio?

HIGH WIRE NETWORKS NEW (HWNID) had a current ratio of 0.17 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is HIGH WIRE NETWORKS NEW's debt-to-equity ratio?

HIGH WIRE NETWORKS NEW (HWNID) had a debt-to-equity ratio of -4.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is HIGH WIRE NETWORKS NEW's return on assets (ROA)?

HIGH WIRE NETWORKS NEW (HWNID) had a return on assets of -6.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is HIGH WIRE NETWORKS NEW's cash runway?

Based on fiscal year 2024 data, HIGH WIRE NETWORKS NEW (HWNID) had $221K in cash against an annual operating cash burn of $6.1M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is HIGH WIRE NETWORKS NEW's debt-to-equity ratio negative or unusual?

HIGH WIRE NETWORKS NEW (HWNID) has negative shareholder equity of -$1.8M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is HIGH WIRE NETWORKS NEW's Piotroski F-Score?

HIGH WIRE NETWORKS NEW (HWNID) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are HIGH WIRE NETWORKS NEW's earnings high quality?

HIGH WIRE NETWORKS NEW (HWNID) has an earnings quality ratio of 15.92x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can HIGH WIRE NETWORKS NEW cover its interest payments?

HIGH WIRE NETWORKS NEW (HWNID) has an interest coverage ratio of -7.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is HIGH WIRE NETWORKS NEW?

HIGH WIRE NETWORKS NEW (HWNID) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.