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) is a leading global provider of managed cybersecurity solutions and IT enablement services trusted by enterprise clients worldwide. This dedicated news hub serves as the definitive source for official corporate announcements, financial disclosures, and strategic developments.
Investors and industry professionals will find timely updates including quarterly earnings reports, cybersecurity product launches, strategic partnerships, and leadership updates. The curated collection features press releases directly from High Wire Networks alongside verified third-party analysis of their Overwatch MXDR platform and channel partner ecosystem.
Key content categories include updates on the company's AI-powered security orchestration, expansion of managed detection services, and operational milestones within their global network of 200+ channel partners. All materials maintain compliance with financial disclosure regulations while emphasizing the company's focus on recurring revenue models and enterprise cybersecurity solutions.
Bookmark this page for streamlined access to High Wire Networks' latest developments in cybersecurity innovation, financial performance, and market positioning. Check regularly for updates that impact investment research and industry trend analysis in the managed security services space.
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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