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, Inc. (OTCQB: HWNI) has renewed its contract with a major aerospace company, securing a three-year deal valued at $300,000 for enhanced cybersecurity services. This renewal reflects a 40% increase in the client’s financial commitment compared to previous engagement. The expanded scope includes managed endpoint solutions and other services, highlighting growing demand for High Wire’s AI-powered cybersecurity offerings. The company reports a threefold growth in its Overwatch Managed Security business and a robust global market projected to reach $680 billion by 2030.
High Wire Networks (OTCQB: HWNI) has secured a managed services contract renewal valued at $1.2 million annually from a Fortune 500 healthcare company, doubling the previous contract of $600,000. This renewal broadens the scope to include management of additional end user compute devices. High Wire's services support clinical outcomes and adherence to compliance frameworks, reflecting increasing demand for their Overwatch cybersecurity platform. The global managed services market is projected to grow at 13.8% CAGR to reach $680 billion by 2030.
High Wire Networks (OTCQB: HWNI) has partnered with CMA, a capital markets advisory firm, to enhance its investor relations and public presence. The company reported a 53% revenue increase, totaling $52 million for the last twelve months, and a record backlog of $19.2 million, setting the stage for sustained growth in 2023. High Wire aims to leverage CMA's expertise to attract high-net-worth and institutional investors. The cybersecurity market is projected to grow significantly, with High Wire positioned to benefit from this trend.
High Wire Networks (OTCQB: HWNI) has appointed Stephan Tallent as Chief Revenue Officer for its Overwatch Managed Security Services division. Tallent, a seasoned IT executive with over 20 years of experience, previously held significant roles at Stellar Cyber and Fortinet, achieving major revenue growth in managed security services. Under his leadership, High Wire's cybersecurity revenue has surged by more than 260% year-to-date through its partner community. This strategic appointment aims to enhance partners' capabilities and respond to escalating cybersecurity demands.
High Wire Networks (OTCQB: HWNI) has completed a $6 million Private Investment in Public Equity (PIPE) as part of a total offering of up to $10 million, expected to close in early December. The capital raise aims to provide working capital for growth in managed services, eliminate over $4.5 million in debt, and reduce monthly debt obligations by over $300,000. The funds will also support the company's Managed Cyber Security Services business and position it for a future national exchange listing.
High Wire Networks Inc. (OTCQB: HWNI) reported impressive Q3 results, with $13.5M in revenue, representing a 26% year-over-year increase on a pro forma basis. This marks five consecutive quarters of growth, with quarterly increases ranging from 20% to 80%. Notably, Overwatch revenue surged 373% compared to the same period last year, and paying clients rose 27% quarter-over-quarter. Backlog in technology projects reached $19 million, nearly quadrupling since January 2022, underscoring strong demand in the managed security segment.
High Wire Networks (OTCQB: HWNI) announced a $1.8 million contract for a phone lifecycle refresh project, upgrading over 60,000 IP phone sets at 433 U.S. government sites. This marks their eleventh large-scale government project since 2021. David Hand, Vice President of Global Systems Integrators, expressed confidence in their ability to deliver high-quality results on time. High Wire has been a trusted partner for VARs and telecom providers, offering services in over 180 countries.
High Wire Networks Inc. (OTCQB: HWNI) has secured an additional $6.7 million for a technology deployment project, increasing the total contract value to over $12 million. The project will involve deploying multiple technologies across thousands of stores in the U.S. and U.S. territories. CEO Mark Porter emphasized the importance of long-term programs for sustained success, while EVP Don Schmidt expressed excitement about collaborating with their systems integrator partner. This expansion enhances High Wire's position in technology services.
High Wire Networks (OTCQB: HWNI) has secured a $5 million project to refresh technology in over a thousand U.S. stores. The initiative encompasses wireless solutions including predictive surveys and network cabling, supported by the company's global command center for project management. This marks a significant expansion, with over $18 million in total opportunities this year, covering more than 3,000 facilities. High Wire has established itself as a reliable partner, enhancing operational efficiency and customer satisfaction across various sectors.
High Wire Networks (OTCQB: HWNI) reported a significant 44% year-over-year increase in revenue for Q2 2022, totaling $13.7 million. The company achieved a net income of approximately $5.4 million, contrasting with a net loss of $2.25 million in Q2 2021. This marks the fourth consecutive quarter of revenue growth, with Overwatch Managed Security revenue increasing by 316%. The company ended the quarter with nearly 600 Overwatch clients and continues to focus on scalability and profitability despite market challenges.