High Wire Networks Releases First Quarter Guidance
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.
- Forecasting Q1 revenue between $14.5 million and $15.5 million.
- Expected Non-GAAP Operating Income of $750K to $1.25M.
- Previous guidance of 30-60% revenue growth for 2022 reflects positive outlook.
- Strengthened partnerships noted as a key factor for growth.
- None.
High Wire Networks Releases First Quarter Guidance Forecasting Revenue Growth and Positive Non-GAAP Operating Income
BATAVIA, Ill, Jan. 05, 2022 (GLOBE NEWSWIRE) -- High Wire Networks Inc. (the “Company” or "High Wire") (OTCQB: SGSI) is providing Q1 forecast guidance with a range of
“We spent last year laying the foundation for long term growth and sustainable profitability,” said High Wire CEO Mark Porter. “This forecast validates the work our team has done, and the strength of our partnerships with clients, as we’ve had to jointly navigate obstacles in ways we never faced before.”
“Working side-by-side with partners, we’re adding value together and expanding our collective capabilities. As the year progresses, we expect this trend to continue in line with previously stated expectations,” Porter added.
High Wire has given previous guidance of 30
About High Wire Networks
For 20 years, High Wire Networks Inc. (OTCQB: SGSI) has been a trusted partner to VARs, MSPs, distributors, integrators, manufacturers and telecom providers by enabling them to minimize overhead while extending delivery capabilities around the world. Our flexible workforce delivers vendor-agnostic technical field, professional and security services in more than 180 countries. Our services include design, installation, configuration and support for unified communications, wired and wireless networks, cabling and infrastructure, and electrical systems. Our Overwatch Managed Security Marketplace enables our partners to deliver comprehensive cybersecurity that's easy to sell and easy to buy for an affordable subscription. We also offer a variety of on-demand, rapid-response solutions with service levels ranging from two hours to the next business day for onsite break-fix and remote technical support. With High Wire Networks, partners Get Work Done. Learn more at www.highwirenetworks.com.
Forward-Looking Statements:
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.
Investor Relations
www.highwirenetworks.com/investors
investors@highwirenetworks.com
Media Relations
Susanna Song
Vice President of Communications
susanna.song@highwirenetworks.com
FAQ
What is High Wire Networks' revenue forecast for Q1 2022?
What is the projected Non-GAAP Operating Income for High Wire Networks in Q1 2022?
What revenue growth did High Wire Networks project for 2022?
Who is the CEO of High Wire Networks?
