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High Wire Networks Inc. - HWNI STOCK NEWS

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.

Overview of High Wire Networks Inc. (HWNI)

High Wire Networks Inc. is a fast-growing, award-winning global provider of managed cybersecurity and IT enablement services. The company is renowned for its innovative approach, leveraging artificial intelligence and advanced automation to deliver resilient cybersecurity solutions. With an extensive network of channel partners and a 24x7 Network Operations Center, High Wire Networks offers trusted managed services to a diverse client base that includes Fortune 500 companies and major government agencies.

Business Model and Core Services

At its core, High Wire Networks focuses on managed cybersecurity and IT enablement, providing comprehensive support in areas such as managed Extended Detection and Response (MXDR), secure voice, and technology services. The company operates on a recurring revenue model reinforced by long-term contracts and renewals that emphasize predictable cash flow and operational scalability. High Wire has transitioned its business to concentrate on higher-margin cybersecurity services, leveraging its proprietary Overwatch suite of products and services to deliver best-in-class threat detection and response.

Technology and Innovation

High Wire Networks distinguishes itself through its strategic use of advanced technology. At the heart of its operations is the Overwatch managed cybersecurity platform, featuring the Overwatch SOAR technology which integrates automated workflows, artificial intelligence, and machine learning to consolidate threat alerts and deliver rapid remediation. This technology enhances visibility and correlation across multiple security platforms, ensuring an agile response to emerging cyber threats.

Global Reach and Operational Excellence

The company’s global presence is amplified by its strong network of managed service providers (MSPs) and managed security service providers (MSSPs), which span across diverse regions including North America, Europe, and beyond. High Wire Networks combines its state-of-the-art 24x7 operations centers with a vast field network of technicians to provide on-demand support, logistics management, and emergency response. This operational excellence is a cornerstone of its service delivery model and a key factor in maintaining high customer satisfaction and trust.

Channel Partner Ecosystem

The success of High Wire Networks is closely tied to its extensive channel partner network. With over 200 premier partners, the company collaborates with leading global IT integrators and MSPs to deploy its cybersecurity solutions across more than 1,100 managed security accounts. This collaborative model not only expands High Wire’s market footprint, but also reinforces its reputation as the go-to provider for scalable, multi-site managed services.

Market Position and Competitive Landscape

Positioned within the dynamic cybersecurity industry, High Wire Networks stands out by focusing on innovative, AI-powered technologies and a recurring revenue model fueled by high-value, long-term contracts. The company’s clear strategic focus on Overwatch managed cybersecurity services distinguishes it from traditional IT services firms. Analysts and industry experts recognize the company’s comprehensive cybersecurity offerings, which align with the growing global demand for secure, resilient, and scalable digital protection solutions.

Expertise and Authoritativeness

High Wire Networks demonstrates industry expertise through its sophisticated technological infrastructure, strategic channel partnerships, and consistent delivery of managed cybersecurity services. The company’s commitment to excellence is reflected in numerous industry accolades, including rankings by Frost & Sullivan and listings on CRN’s MSP 500 and Elite 150. Through continuous innovation and process optimization, High Wire Networks not only mitigates cyber risks but also solidifies its role as a trusted authority in the cybersecurity realm.

Operational Insights and Investor Considerations

From an investor perspective, High Wire Networks offers a robust business model centered on recurring revenue streams and scalable managed cybersecurity services. The company’s operational strategies—marked by efficiency improvements, cost reduction measures, and streamlined service offerings—provide a clear window into its commitment to enhancing profitability. Investors are encouraged to consider the company’s proven track record, technological innovation, and strategic market positioning as key drivers of its enduring value proposition.

Conclusion

In summary, High Wire Networks Inc. exemplifies a forward-thinking approach in the managed cybersecurity industry. Its integration of advanced automated technologies with a partner-centric sales model and operational excellence underpins its reputation as a reliable and innovative cybersecurity provider. The company's steady, recurring revenue streams, combined with its focus on high-value engagements, affirm its strong standing among market participants and establish it as an essential entity in today’s cybersecurity landscape.

Rhea-AI Summary
High Wire Networks, Inc. (HWNI) has secured a major pilot project with a national wireless network operator for a large U.S. government agency, representing the initial phase of a $2.4 billion network modernization program for the agency's 4,000 locations across the U.S. The project is expected to be completed by 2026, with a material portion planned to be implemented this year. High Wire expects to be engaged for the remaining stages of the modernization initiative. The company's project delivery backlog is currently at $6.4 million and is expanding, indicating a rebound in the market for their tech enablement business.
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High Wire Networks, a leading global provider of managed cybersecurity and technology enablement, reported a record annualized recurring revenue of $15.6 million, up 30% from the previous quarter. The company's Overwatch Managed Cybersecurity TCV also increased by 53% sequentially to a record $9.5 million. Despite a 1% sequential revenue increase in the third quarter of 2023, the company experienced a 5% decline from the same year-ago quarter due to an industry slowdown and customer delays in Wi-Fi upgrade projects. However, the first nine months revenue increased by 20% to $22.1 million, driven by recurring revenue from new customers and project revenue. The company also secured $1.15 million of a $5 million convertible note offering and implemented a successful cost-cutting and operational optimization program, reducing expenses by more than $3 million on an annualized basis. High Wire Networks is also looking to uplist to a national exchange.
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High Wire Networks, Inc. (OTCQB: HWNI) partners with Exclusive Networks (Euronext Paris: EXN) to provide enhanced capabilities for Managed Endpoint Detection and Response (MEDR). The partnership involves integrating High Wire’s Overwatch Managed Cybersecurity Services with Exclusive’s Endpoint Detection and Response (EDR) offering provided by SentinelOne (NYSE: S), making Exclusive Networks’ EDR technology a more comprehensive MEDR solution. The new MEDR solution will be available to Exclusive Networks’ more than 2,500 customers across several markets, including MSP, MSSP, banking, finance, education, and healthcare.
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High Wire Networks, Inc. plans to issue up to $5 million in senior secured convertible promissory notes and warrants to accredited investors to retire higher interest debt and secure growth capital. The company has already issued $1.15 million of the Notes and corresponding Warrants to two institutional investors. The Notes are convertible into common stock at maturity with a conversion price set at $0.10. The Warrants are priced at $0.15 per share for a term ending in 5 years. Proceeds will be used for working capital and general corporate purposes.
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High Wire Networks, Inc. ranks among the Top 250 MSSPs for 2023, expecting strong revenue growth. MSSP honorees expect to generate $56.3 million in revenue for 2023, double the number from 2022. High Wire reported revenue climbed 32% in H1 2023 to $16.1 million and expects revenue to grow 59% to 74%, reaching $43 million to $47 million for the full year of 2023.
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High Wire Networks, Inc. to present at NIBA Conference, revenue climbed 32% in H1 2023 to $16.1 million, monthly recurring revenue exceeds $1 million for the first time.
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High Wire Networks, Inc. reported first half 2023 revenue of $16.1 million, a 32% increase from the same period last year. The company's total contract value for managed cybersecurity services reached $6.0 million, and project delivery backlog totaled $8.6 million. Total liabilities decreased by 59% to $11.1 million, and cash increased to $1.2 million. High Wire expects revenue to grow 59% to 74% for the full year of 2023, reaching $43 million to $47 million.
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FAQ

What is the current stock price of High Wire Networks (HWNI)?

The current stock price of High Wire Networks (HWNI) is $0.0164 as of April 16, 2025.

What is the market cap of High Wire Networks (HWNI)?

The market cap of High Wire Networks (HWNI) is approximately 5.5M.

What core services does High Wire Networks Inc. provide?

High Wire Networks specializes in managed cybersecurity and IT enablement services, including managed detection and response (MXDR) and secure voice solutions, delivered through an extensive channel partner network.

How does High Wire Networks generate its revenue?

The company generates revenue primarily through long-term, recurring contracts and service renewals, supported by a strong operational model emphasizing high-margin cybersecurity services.

What is the role of the Overwatch platform?

The Overwatch platform is central to High Wire Networks' offerings. It integrates AI-powered SOAR technology to automate threat detection, response, and security orchestration, enabling rapid remediation of cyber incidents.

How does the channel partner ecosystem benefit the company?

High Wire Networks works with over 200 global channel partners, enhancing its market reach and ensuring effective deployment of its cybersecurity services across diverse customer segments, including Fortune 500 companies and government agencies.

What sets High Wire Networks apart from its competitors?

Its focus on innovative, AI-driven cybersecurity solutions, a robust recurring revenue model, and a strong network of managed service partners distinguishes High Wire Networks within the crowded cybersecurity market.

Where are High Wire Networks’ operations based?

The company maintains a global presence with a 24x7 Network Operations Center and Security Operations Center based in Chicago, complemented by a wide network of field technicians and international partners.

How does High Wire Networks ensure continuous service delivery?

The company leverages advanced automation, strong process management, and a comprehensive partner network to provide 24x7 support, ensuring rapid response and ongoing service reliability.

What should investors know about High Wire Networks’ business model?

Investors should note the company’s strategic focus on high-value, recurring cybersecurity services, its scalable operational model, and its proven track record of delivering efficient and predictable managed services.
High Wire Networks Inc.

OTC:HWNI

HWNI Rankings

HWNI Stock Data

5.53M
538.13k
43.8%
6.37%
Information Technology Services
Technology
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United States
Batavia