HWNI
High Wire Networks Inc.0.2051
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
229.64KP/E (TTM)
-Basic EPS (TTM)
-9.97Dividend Yield
0%Recent Filings
10-Q
8-K
Asset sales to Tego Cyber
High Wire Networks completed the sale of its managed security services and voice network divisions to Tego Cyber subsidiaries on August 13, 2025, for 1 million shares of Series B preferred stock valued at $4 million, plus liability assumptions. This divestiture streamlines operations while settling $300,000 of senior debt via Series A stock, leaving $150,000 outstanding. Leadership shakeup ensued with three resignations in July. Deal exposes High Wire to integration risks with Tego.
10-Q
Q2 FY2025 results
High Wire Networks posted Q2 revenue of $2.3M, up 16% y/y from $1.9M, driven by stronger software provider contracts and a growing install base in cybersecurity and wholesale networks. Gross margin held steady at 29%, while operating loss narrowed to $1.4M from $3.0M y/y, thanks to sharp cuts in salaries and G&A expenses. Diluted EPS from continuing operations improved to -$1.83 from -$3.46, aligning with 1.0M weighted shares; net loss widened to $1.9M due to $0.5M other expenses from interest and debt amortization. Cash dipped to $112K amid $1.3M operating burn, offset by $1.2M financing inflows, leaving total debt at $3.8M mostly current. No free cash flow disclosed in the 10-Q. Subsequent asset sales to Tego Cyber in August 2025 signal a pivot amid lender pressure. Yet competition in managed services remains fierce.
8-K
Debt-to-preferred exchange completed
High Wire Networks exchanged $650,000 of a 2023 note and $950,000 of a 2025 debenture for 65 and 95 shares of Series H Convertible Preferred Stock on May 22, 2025, reducing debt while introducing quarterly $1,000 per share dividends starting September 1. The Series H carries liquidation preferences and converts to common stock at $1.00 after one year, with a 19.99% ownership cap. Remaining balances persist under original terms. This restructures liabilities but adds dividend obligations.
10-Q
Q1 FY2025 results
High Wire Networks posted Q1 FY2025 revenue of $2.2M, up 5% y/y from $2.1M but flat q/q, driven by balanced growth in cybersecurity ($1.1M, +2% y/y) and SVC wholesale networks ($1.1M, +9% y/y), while gross margin slipped to 35% from 46% amid higher SOC labor costs. Operating loss narrowed to $1.3M from $1.5M y/y, yet net loss widened to $2.6M or $2.62/share on 977K diluted shares, fueled by $0.7M debt discount amortization and a $0.4M ELOC termination fee—far exceeding the $1.3M operating shortfall due to these non-cash hits. Cash dipped to $164K after $1.2M operating burn, offset by $1.2M in new debt and related-party draws, leaving $3.7M equity deficit amid $9.4M total liabilities including $2.0M current convertibles and $1.6M loans, all maturing soon. No free cash flow disclosed. Competition in managed security remains fierce.
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