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High Wire Networks Inc. (OTCQB: HWNI) has announced a managed services agreement with a growing network operator in Florida. This contract is projected to generate annual revenues between $1 million and $4 million with potential for expansion. Services provided include managed voice, recruitment outsourcing, network management, and cybersecurity. The project is set to ramp up quickly in the first quarter of 2022. CEO Mark Porter emphasizes the alignment of this agreement with the company's digital transformation strategy and aims to establish itself as a leading global Systems Integrator.
High Wire Networks has announced a name change and new ticker symbol HWNI, effective January 10, 2022, as approved by FINRA. This transition marks a significant step in the company's evolution, enhancing its brand identity and market presence. CEO Mark Porter emphasized the importance of this change for stakeholders, including employees, customers, and investors, highlighting the company's role in providing cybersecurity and managed services globally. High Wire Networks operates in over 180 countries, offering flexible vendor-agnostic services, including design, installation, and cybersecurity solutions.
High Wire Networks (OTCQB: SGSI) announced its Q1 guidance, forecasting revenue between $14.5 million and $15.5 million, alongside a Non-GAAP Operating Income of $750 thousand to $1.25 million. CEO Mark Porter emphasized the company’s foundational work for sustainable growth and profitability. Previously, High Wire projected a 30-60% revenue growth for 2022, indicating optimism for continued success as partnerships evolve.
High Wire Networks Inc (OTCQB: SGSI) has announced a major deployment of managed services at over 3,000 medical clinics starting January 1. The company will replace legacy End User Compute devices, providing remote helpdesk solutions along with logistics management through its global command center. This initiative highlights High Wire's commitment to enhancing its managed services offerings, which include cybersecurity and IT support. The CEO emphasized the importance of these developments in driving partner engagements and expanding service capabilities.
High Wire Networks (OTCQB: SGSI) announces a significant networking solutions project valued over $800,000, deploying onsite engineers and project management to nearly 600 government locations across the U.S. This initiative enhances the company's track record of nearly a dozen federal projects completed in the past two years. According to President and CEO Mark Porter, this project aligns with growing demand for federal infrastructure upgrades and supports strategic growth plans for 2022.
SANTA BARBARA, CA, Dec. 07, 2021 (GLOBE NEWSWIRE) -- High Wire Networks (OTCQB: SGSI) shared its 2021 achievements and expectations for 2022. Total Contract Value (TCV) for Overwatch and managed services is expected to reach approximately $4 million. The Human Capital Management Segment's MRR increased by 46% from March to December 2021, reaching around $2 million. The Technology sector reported nearly $10 million in orders for Q4, a record high. The Secure Voice Corp acquisition will contribute an additional $650,000 MRR. High Wire anticipates 30% sales growth in 2022, aiming to exceed $70 million.
SunHydrogen, Inc. (OTC:HYSR) announced a new video showcasing its innovative hydrogen production technology utilizing sunlight and any water source. The video features insights from Dr. Joun Lee and Dr. Syed Mubeen, highlighting the system's advantages such as reducing costly membrane use and its adaptability to various water purities. CEO Tim Young emphasized the importance of green hydrogen in addressing climate change, and the company's commitment to achieving milestones in mass manufacturing. SunHydrogen aims to facilitate distributed hydrogen production for renewable energy and fuel cell vehicles.
High Wire Networks (OTCQB: SGSI) announces a significant $3.5 million contract with a national communications service provider to deploy network solutions across thousands of locations. This project builds on a previous multimillion-dollar fiber network contract with the same client, indicating a solid partnership. CEO Mark Porter expressed confidence in the company's growth trajectory into 2022, citing stable revenue streams and the expansion of their client base.
High Wire Networks (SGSI) reported third quarter 2021 revenue of $11.37 million, a 35% increase from $8.40 million in Q3 2020. Year-to-date revenue rose 16% to $31.33 million. The company is optimistic about 30%-60% growth in 2022, driven by new contracts and expansions. However, supply chain issues have delayed revenue recognition. The operating loss was $1.13 million and the net loss stood at $9.31 million, though cash and restricted cash increased to $2.26 million compared to $436,448 at the end of 2020.
Kim Fuller has been appointed as Vice President of Operations at High Wire Networks to oversee its monthly recurring revenue technology services and a global workforce of 15,000 professionals. Fuller, with 19 years at Carousel Industries, brings expertise in vendor management and operational scaling, having achieved a 45% revenue growth rate over a decade. Her role aims to enhance service delivery while maintaining cost efficiency. High Wire’s CEO highlights Fuller’s leadership potential for accelerating growth.
