HWNI HIGH WIRE NETWORKS, INC.

Overview and Growth

HIGH WIRE NETWORKS, INC. generated $8.38M of revenue in fiscal 2024, with net loss of $384.83K and an operating cash outflow of $6.13M. Revenue of $8.38M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $26.99M in fiscal 2023, revenue decreased 69.0%, a top-line contraction that reduced operating scale. Diluted earnings per share were -$0.40, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted shares averaged 963.10K; this is the reported share base over which the company’s diluted per-share earnings were spread. Total assets stood at $5.79M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 1.45x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $2.52M as gross profit before recognizing operating expenses and other items. Gross margin was 30.1%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $8.55M after the reported operating expense base. An operating margin of -102.1% reflected costs exceeding revenue-level gross profit by 102.1% of sales. After all below-operating-line items, the company recorded a net loss of $384.83K for the fiscal year. Net margin was -4.6%, reflecting a loss equal to 4.6% of reported revenue. EBITDA was negative $7.76M, showing a deficit before interest, taxes, depreciation, and amortization. The company reported a pretax loss of $10.12M, before the effect of income taxes. The pretax loss equaled 120.8% of revenue, measuring the pre-tax deficit against sales. The loss-to-assets relationship was 6.7%, placing the bottom-line deficit against the company’s resource base. Compared with a $14.49M net loss in fiscal 2023, the current loss improved to $384.83K.

Liquidity and Capital Structure

At period end, the $5.79M asset base was financed through $7.64M of liabilities and -$1.85M of equity. Equity was negative at -$1.85M, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. The near-term balance sheet paired $1.26M of current assets with $7.49M of current liabilities at the reporting date. At 0.17x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. The company held $220.82K in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 2.9%, excluding receivables and other current assets. Equity equaled -32.0% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 132.0%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 3.8% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $10.83M in fiscal 2023, the current asset base moved 46.6% and finished lower. The reported cash balance changed 33.8% from $333.36K in fiscal 2023, ending lower year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $6.13M, rather than cash generation from operations. Capital spending of $13.99K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. The company recorded a $6.14M cash deficit after capital spending for the period. Free-cash-flow margin was -73.3%, reflecting a cash deficit equal to 73.3% of revenue after capital spending. The cash deficit after capital spending represented 106.1% of the period-end asset base. The operating cash outflow narrowed to $6.13M from $7.93M in fiscal 2023.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Oct 21, 2026.