Welcome to our dedicated page for High Wire Networks news (Ticker: HWNI), a resource for investors and traders seeking the latest updates and insights on High Wire Networks stock.
High Wire Networks, Inc. (OTCQB: HWNI) generates an active stream of news centered on its managed cybersecurity operations, Overwatch platform, and related strategic developments. Company announcements highlight Overwatch’s AI-driven, multi-vector defense capabilities, its 24/7 U.S.-based Security Operations Center in Chicago, and a channel-focused delivery model that supports more than 200 partners and over 1,100 managed security customers, including Fortune 500 enterprises and major government agencies.
Recent news has covered topics such as the launch of Risk-as-a-Service, which provides ongoing risk assessments, threat detection, compliance monitoring, and incident response planning, and the introduction of streamlined Overwatch bundles—Essential, Core, Proactive, and Complete—designed to align cybersecurity services with organizational maturity. Other releases describe alliances with technology partners like Fluency Security, which supports AI-powered SIEM and XDR capabilities within Overwatch, and channel partnerships with firms such as Threshold Communications.
Investors and observers following HWNI news will also find updates on financial performance, including quarterly earnings from continuing operations, commentary on gross profit trends, and explanations of the company’s use of non-GAAP measures such as Adjusted EBITDA. Strategic and corporate actions, such as the one-for-250 reverse stock split and the sale of substantially all operating assets of the Managed Security Services and Voice Network divisions to subsidiaries of Tego Cyber Inc., are detailed in press releases and SEC-referenced communications.
This news page allows readers to review High Wire’s evolving cybersecurity offerings, partner ecosystem activity, and key corporate milestones in one place, using the company’s own announcements as a primary source of information on HWNI’s business direction and structural changes.
High Wire Networks (OTCQB: HWNI) reported Q1 2024 financial results, showing a 57% sequential revenue growth to $7.7 million, despite a year-over-year decline of 25%. Adjusted EBITDA reached $674,000. The company recorded a net loss of $414,000. Gross profit increased by 144% to $3.5 million, with gross margins expanding to 45.7%. Monthly recurring revenue hit approximately $1.0 million, totaling $12 million annually. The total contract value for Overwatch cybersecurity services doubled to $10.4 million. High Wire implemented cost reductions, saving over $3.5 million annually. Operational highlights include a major pilot project and significant contract renewals.
High Wire Networks, Inc. announced that its CMO, Susanna Song, was named to CRN 2024 Women of the Channel Power 100 Solution Provider list, recognizing influential women in leadership in the IT channel. Song leads marketing for managed cybersecurity services, contributing to the growth of High Wire's global channel partner network. She was also invited to moderate a panel on Cyber & Hybrid Warfare at the PISM Strategic Ark 2024 conference.
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