Company research
HIGH WIRE NETWORKS, INC.
CIK 1413891Updated Sep 24, 2026
SecurityHWNI · OTC · equity
Name history
HWN, INC. · through Dec 22, 2021Spectrum Global Solutions, Inc. · through Aug 17, 2021Mantra Venture Group Ltd. · through Nov 27, 2017
HWNI price & chart
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OTC:HWNI on TradingView ↗About the company
High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End customers include Fortune 500 companies and many of the nation’s largest government agencies. The company’s 24/7 Security Operations Center is based in Chicago, Illinois.
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Recent filings
Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,786,771Source | 10,831,754Source | 32,594,971Source | 45,957,595Source |
| Property, Plant and Equipment, NetUSD | 785,238Source | 1,026,293Source | 1,549,609Source | 1,279,515Source |
| GoodwillUSD | 605,584Source | 3,162,499Source | 9,869,146Source | 21,696,040Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,957,839Source | 3,620,256Source | 10,430,607Source | 11,630,068Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 220,824Source | 333,357Source | — | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 830,261Source | 2,294,324Source | 8,748,034Source | 7,961,607Source |
| Assets, CurrentUSD | 1,263,745Source | 2,744,711Source | 10,669,831Source | 11,072,222Source |
| Prepaid Expense and Other Assets, CurrentUSD | 212,660Source | 117,030Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 174,365Source | 277,995Source | 75,778Source | 227,132Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 7,635,930Source | 13,581,383Source | 26,846,534Source | 34,809,401Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 10Source | 2,399Source | 1,645Source | 462Source |
| Additional Paid in CapitalUSD | 32,466,050Source | 31,178,365Source | 20,338,364Source | 8,630,910Source |
| Retained Earnings (Accumulated Deficit)USD | -46,930,296Source | -46,545,470Source | — | — |
| Stockholders' Equity Attributable to ParentUSD | -1,849,159Source | -2,749,629Source | -11,719,461Source | -4,393,010Source |
| Liabilities and EquityUSD | 5,786,771Source | 10,831,754Source | 32,594,971Source | 45,957,595Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 7,488,711Source | 12,660,530Source | 21,559,793Source | 31,860,298Source |
| Operating Lease, Liability, CurrentUSD | 110,856Source | 89,318Source | 93,623Source | 142,925Source |
| Operating Lease, Liability, NoncurrentUSD | 69,094Source | 190,989Source | — | 126,044Source |
| Additional Financial Items | ||||
| Long-term DebtUSD | — | — | — | 191,370Source |
| Long-term Debt, Current MaturitiesUSD | — | 2,995,803Source | — | 5,176,590Source |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | -14,486,000Source | -19,035,088Source | -13,339,952Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | — | 844,457Source | 1,333,768Source | 506,364Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 801,014Source | 1,251,456Source | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,679,949Source | -1,631,180Source | 786,427Source | 6,905,345Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -6,125,491Source | -7,931,673Source | -1,941,141Source | -4,207,759Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | 2,500,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 9,766,321Source | 190,000Source | 70,299Source | -593,347Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 13,986Source | 20,000Source | 404,701Source | 93,347Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -3,753,363Source | 7,426,003Source | 2,249,016Source | 5,124,824Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | 12,885,071Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | 378,174Source | 323,718Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 220,824Source | 333,357Source | 886,569Source | 508,395Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,241,657Source | 1,777,530Source | 1,172,388Source | 234,748Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 34,123Source | — | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | 1,113,589Source | 3,196,589Source | 777,953Source |
| Amortization of Intangible AssetsUSD | 478,527Source | 679,503Source | 1,199,161Source | 453,405Source |
| DepreciationUSD | 255,041Source | 164,954Source | 134,607Source | 52,959Source |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | — | 675,355Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -35,401Source | -8,368Source | -7,549Source | -3,558Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | 204,081Source | — | — |
| Gain (Loss) on Disposition of AssetsUSD | — | 204,081Source | -1,949,701Source | — |
| Gain (Loss) on Disposition of Intangible AssetsUSD | 1,349,681Source | — | — | — |
| Gain (Loss) on Sale of DerivativesUSD | — | 3,140,404Source | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | — | 160,000Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | -180,622Source | — | -260,932Source | -6,251,954Source |
| General and Administrative ExpenseUSD | 4,468,327Source | 7,079,206Source | 8,696,820Source | 4,460,090Source |
| GoodwillUSD | 605,584Source | 3,162,499Source | 9,869,146Source | 21,696,040Source |
| Goodwill and Intangible Asset ImpairmentUSD | — | — | 11,826,894Source | — |
| Goodwill, Impairment LossUSD | 1,207,234Source | 2,243,820Source | 11,826,894Source | 875,201Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | 438,374Source | 11,826,894Source | 12,357Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | 438,374Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -10,121,829Source | -13,148,288Source | -19,826,474Source | -13,677,630Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 9,737,003Source | -1,337,712Source | 662,899Source | 675,355Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 9,737,003Source | — | — | — |
| InterestExpenseNonoperatingUSD | 1,163,178Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -384,826Source | -14,486,000Source | -19,826,474Source | -13,677,630Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -19,035,088Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -19,035,088Source | -19,191,952Source |
| Nonoperating Income (Expense)USD | -1,567,762Source | -145,356Source | 3,835,484Source | -10,003,201Source |
| Operating Costs and ExpensesUSD | — | 39,995,482Source | — | — |
| Operating Lease, ExpenseUSD | 114,669Source | 106,430Source | 202,265Source | 161,577Source |
| Other Depreciation and AmortizationUSD | — | 844,457Source | — | — |
| Other Nonoperating Income (Expense)USD | -50,000Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | 6,768,670Source | 3,500,000Source | — | — |
| Unrealized Gain (Loss) on DerivativesUSD | — | 1,692,232Source | — | — |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 8,378,708Source | 26,992,550Source | 55,049,441Source | 27,206,689Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -8,554,067Source | -13,002,932Source | -23,661,958Source | -3,674,429Source |
| Other Nonoperating Income (Expense)USD | -50,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -10,121,829Source | -13,148,288Source | -19,826,474Source | -13,677,630Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -19,035,088Source | — |
| Net Income (Loss) Attributable to ParentUSD | -384,826Source | -14,486,000Source | -19,826,474Source | -13,677,630Source |
| Earnings Per Share, BasicUSD per share | -0.4Source | -0.06Source | — | -1Source |
| Earnings Per Share, DilutedUSD per share | -0.4Source | -0.06Source | -0.28Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 963,097Source | 226,708,549Source | 68,713,880Source | 19,146,572Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 963,097Source | 226,708,549Source | 68,713,880Source | — |
| Interest Expense (non-operating)USD | 1,163,178Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 478,527Source | 679,503Source | 1,199,161Source | 453,405Source |
| Costs and ExpensesUSD | 16,932,775Source | — | 78,711,399Source | — |
| Debt Securities, Gain (Loss)USD | — | — | — | 1,182,972Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 794,838Source | 844,457Source | 1,333,768Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -35,401Source | -8,368Source | -7,549Source | -3,558Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | 160,000Source | — | — |
| General and Administrative ExpenseUSD | 4,468,327Source | 7,079,206Source | 8,696,820Source | 4,460,090Source |
| Goodwill, Impairment LossUSD | 1,207,234Source | 2,243,820Source | 11,826,894Source | 875,201Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -10,121,829Source | -13,148,288Source | -19,826,474Source | -13,677,630Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -2,016,925Source | 12,732,735Source | -20,211,845Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -10.51Source | -0.06Source | — | -1.04Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -10.51Source | -0.06Source | -0.29Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 9,737,003Source | -1,337,712Source | 662,899Source | 675,355Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | 9,737,003Source | — | — | — |
| Interest ExpenseUSD | 1,163,178Source | 2,458,263Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | -19,035,088Source | -19,191,952Source |
| Nonoperating Income (Expense)USD | -1,567,762Source | -145,356Source | 3,835,484Source | -10,003,201Source |
| Operating Costs and ExpensesUSD | — | 39,995,482Source | — | — |
| Operating Lease, ExpenseUSD | 114,669Source | 106,430Source | 202,265Source | 161,577Source |
| Other IncomeUSD | — | 37,500Source | 281,132Source | 275,573Source |
| Other Operating IncomeUSD | — | — | 23,661,958Source | 3,886,872Source |
Offerings
Registration 333-284591
Filing attachments
ea023411001ex99-1_high.htm · 8-K · 2025-03-13
EX-99.1 3 ea023411001ex99-1_high.htm PRESS RELEASE, DATED MARCH 10, 2025 Exhibit 99.1 High Wire Networks Cancels $10 Million Equity Line of Credit (ELOC) The Move Minimizes Dilution, and the ELOC is Not Expected to be Necessary Post-Listing FOR IMMEDIATE RELEASE BATAVIA, Ill., March 10, 2025 - High Wire Networks, Inc. (OTCQB: HWNI), a leader in managed services and technology solutions, announced the cancellation of its $10 million Equity Line of Credit (ELOC). The ELOC was part of a rece…
Read attachment ↗ea022772701ex4-1_high.htm · 8-K · 2025-01-17
EX-4.1 3 ea022772701ex4-1_high.htm FORM OF 20% ORIGINAL ISSUE DISCOUNT SENIOR SECURED CONVERTIBLE DEBENTURE Exhibit 4.1 EXHIBIT A NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUAN…
Read attachment ↗ea022772701ex4-2_high.htm · 8-K · 2025-01-17
EX-4.2 4 ea022772701ex4-2_high.htm FORM OF PLACEMENT WARRANT Exhibit 4.2 NEITHER THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITI…
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