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HWNI

HIGH WIRE NETWORKS, INC.

American telephone communications company, incorporated in Nevada1

In its 2025 annual report the company says: “We provide these services through a highly resilient virtual switching infrastructure.”3 It is headquartered in Scottsdale, Arizona.1

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Last updated Oct 21, 2026.

Overview

Compare with Anterix Inc., FULLNET COMMUNICATIONS INC or Nuvera Communications, Inc., or pick any stock.

  • TickerHWNI1
  • IndustryTelephone Communications (No Radiotelephone)1
  • HeadquartersScottsdale, Arizona1
  • Incorporated inNV2
  • Business addressSundial Circle, Unit 17C, Scottsdale, Az 853312
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Managed Cybersecurity Solutions : High Wire’s Overwatch platform-as-a-service offers organizations end-to-end protection for networks, data, endpoints and users via multiyear recurring revenue contracts in this fast-growing technology segment.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-102.1%Operating margin4
-4.6%Net margin4
21.3%Revenue growth, 20244
-$6.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue70¢$5.9M
  • Other costs16¢$1.4M
  • Interest14¢$1.2M

Out of $8.4M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$8.4M in 2024−76% since 2018
0$10.0M$20.0M$30.0M$40.0M2018: $34.5M$34.5M20182019: $25.5M$25.5M2019−26%2020: $9.9M$9.9M2020−61%2021: $27.2M$27.2M2021+175%2022: $26.8M$26.8M2022−2%2023: $6.9M$6.9M2023−74%2024: $8.4M$8.4M2024+21%
Operating income567894-$8.6M in 2024+237% since 2018
-$15.0M-$10.0M-$5.0M02018: -$2.5M-$2.5M20182019: -$3.5M-$3.5M2019+37%2020: -$1.4M-$1.4M2020−59%2021: -$3.7M-$3.7M2021+155%2022: -$13.1M-$13.1M2022+257%2023: -$12.0M-$12.0M2023−9%2024: -$8.6M-$8.6M2024−28%
Net income567894-$384.8K in 2024−70% since 2018
-$20.0M-$15.0M-$10.0M-$5.0M02018: -$1.3M-$1.3M20182019: -$5.8M-$5.8M2019+351%2020: -$693.1K-$693.1K2020−88%2021: -$13.7M-$13.7M2021+1873%2022: -$19.0M-$19.0M2022+39%2023: -$14.5M-$14.5M2023−24%2024: -$384.8K-$384.8K2024−97%
Fiscal year2018201920202021202220232024
Revenue$34.5M5$25.5M6$9.9M7$27.2M8$26.8M9$6.9M4$8.4M4
Cost of revenue$29.1M5$22.2M6$5.0M7$19.0M8$19.3M9$4.5M4$5.9M4
Gross profit
Research and development
Operating expenses$30.9M8$78.7M8$18.9M4$16.9M4
Operating income-$2.5M5-$3.5M6-$1.4M7-$3.7M8-$13.1M9-$12.0M4-$8.6M4
Interest$1.1M5$1.7M6$1.1M6$6.2K8$1.3M9$2.5M4$1.2M4
Income before tax-$13.7M8-$11.3M9-$12.1M4-$10.1M4
Income tax$247.6K5$204.2K6$1.9K6
Net income-$1.3M5-$5.8M6-$693.1K7-$13.7M8-$19.0M9-$14.5M4-$384.8K4
Earnings per share-$1.007-$0.289-$15.974-$0.404
Earnings per share (diluted)-$1.008-$0.289-$15.974-$0.404
Shares (weighted, basic)19.1M shares868.7M shares9906.8K shares4963.1K shares4
Shares (weighted, diluted)19.1M shares868.7M shares9906.8K shares4963.1K shares4

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Corporate structure

HIGH WIRE NETWORKS, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of HIGH WIRE NETWORKS, INC.

  • HIGH WIRE NETWORKS, INC. Scottsdale, Arizona

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What HIGH WIRE NETWORKS, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.5M4 Dec 31, 2024$1.5M4 Dec 31, 2023+0.9%
Accumulated depreciation$634.7K4 Dec 31, 2024$477.8K4 Dec 31, 2023+32.9%
Property and equipment, net$785.2K4 Dec 31, 2024$1.0M4 Dec 31, 2023−23.5%
Operating-lease assets (leased space)$174.4K4 Dec 31, 2024$278.0K4 Dec 31, 2023−37.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$220.8K4 Dec 31, 2024$333.4K4 Dec 31, 2023−33.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$605.6K4 Dec 31, 2024$3.2M4 Dec 31, 2023−80.9%
Intangible assets, net (excluding goodwill)$3.0M4 Dec 31, 2024$3.6M4 Dec 31, 2023−18.3%
Finite-lived intangibles, gross$4.4M4 Dec 31, 2024$6.4M9 Dec 31, 2023−30.7%
Accumulated amortization$1.5M4 Dec 31, 2024$2.4M4 Dec 31, 2023−36.9%
Finite-lived intangibles, net$3.0M4 Dec 31, 2024$3.6M4 Dec 31, 2023−18.3%

Properties, in its own words

Our principal executive offices are located in Batavia, Illinois. We are occupying our 8,050 sq ft offices under a three-year lease that expires in July 2026 and has current monthly lease payments of $9,548.

Item 2 of the 10-K filed Mar 31, 2025.3

Leadership

Who has led HIGH WIRE NETWORKS, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Larry Kristof2008–2009
  2. Dennis M. O'Leary2026–now

President

  1. Larry Kristof2008–2009
  2. Keith William Hayter2018–2019

Chief financial officer

  1. Dennis Petke2008
  2. Con Buckley2009
2010201520202025
Board members and other officers (10)

Former names

  • HWN, INC.Aug 27, 2021 to Dec 22, 20212
  • Spectrum Global Solutions, Inc.Dec 13, 2017 to Aug 17, 20212
  • Mantra Venture Group Ltd.Oct 18, 2007 to Nov 27, 20172

Timeline

  1. Jul 15, 20268-K Earlier financial statements no longer reliable24
  2. Jun 3, 20268-K Entered a material agreement; Unregistered sale of shares25
  3. Mar 23, 20268-K Shareholder vote26
  4. Mar 9, 2026New chief executive Dennis M. O'Leary becomes CEO12
  5. Mar 6, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares27
  6. Oct 14, 20258-K Entered a material agreement; Completed an acquisition or sale; Executive or director change28
  7. May 29, 20258-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed29
  8. May 5, 20258-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed30
  9. Mar 19, 20258-K Bylaws or fiscal year changed31
  10. Mar 13, 20258-K Entered a material agreement; Ended a material agreement; Other events32
  11. Jan 17, 20258-K Entered a material agreement; New debt or obligation; Unregistered sale of shares33
  12. Nov 22, 20248-K Earlier financial statements no longer reliable34
  13. Sep 24, 20248-K Executive or director change35
  14. Nov 4, 2008New chief executive Larry Kristof becomes CEO13

Calendar

When it reported results

  1. Dec 8, 2023Reported quarterly or annual results36

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

77 filings to the SEC since October 2021: 4 annual reports, 16 quarterly reports, 26 major events, 3 insider forms, 4 large holders, 24 other. The latest 20:

  1. Jul 15, 20268-K CURRENT REPORT EDGAR
  2. Jun 3, 20268-K EDGAR
  3. May 28, 2026SEC STAFF ACTION EDGAR
  4. May 15, 2026NT 10-Q EXTENSION EDGAR
  5. Mar 31, 2026NT 10-K FORM 12B-25 EDGAR
  6. Mar 30, 2026DEF 14C DEFINITIVE INFORMATION STATEMENT EDGAR
  7. Mar 23, 20268-K EDGAR
  8. Mar 20, 2026PRE 14C PRELIMINARY INFORMATION STATEMENT EDGAR
  9. Mar 11, 2026SC 14F1 SCH 14F-1 EDGAR
  10. Mar 9, 2026SCHEDULE 13D EDGAR
  11. Mar 9, 20263 EDGAR
  12. Mar 6, 20268-K CURRENT REPORT EDGAR
  13. Nov 14, 202510-Q QUARTERLY REPORT EDGAR
  14. Oct 14, 202510-Q QUARTERLY REPORT EDGAR
  15. Oct 14, 20258-K CURRENT REPORT EDGAR
  16. Jul 10, 2025SCHEDULE 13G/A EDGAR
  17. Jul 10, 2025SCHEDULE 13G EDGAR
  18. May 29, 20258-K CURRENT REPORT EDGAR
  19. May 23, 2025S-1/A AMENDMENT NO. 2 TO FORM S-1 EDGAR
  20. May 13, 202510-Q QUARTERLY REPORT EDGAR

The 77 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 11, 2024Porter Mark WilliamChief Executive OfficerBuy175,000$0.04$7.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How HIGH WIRE NETWORKS, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHIGH WIRE NETWORKS, INC.1
  • CIK0001413891
  • Employer ID (EIN)81-50554893
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inNevada3
  • Fiscal year endsDecember 311
  • Industry code (SIC)4813 Telephone Communications (No Radiotelephone)1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressSundial Circle, Unit 17C, Scottsdale, AZ 853311
  • Phone800.434.10121
  • Shares outstanding1,119,665 as of Nov 14, 202511
  • Public float$3.1M as of Jun 30, 20243
  • AuditorSadler, Gibb & Associates, LLC, Draper, UT PCAOB ID 3627; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceOct 18, 20071
  • Filings366 in all: 8-K (109), 10-Q (54), NT 10-Q (35), 4 (20), 10-K (17), NT 10-K (16), 3 (15), UPLOAD (12)1
    All 43 form types

    10-Q/A (10), CORRESP (9), 8-K/A (7), DEF 14C (7), PRE 14C (7), 10-K/A (5), PRER14A (4), D (3), S-1 (3), S-1/A (3), DEFR14A (2), EFFECT (2), SC 13D (2), SC 13G (2), SEC STAFF ACTION (2), 10-KT (1), 10QSB (1), 10QSB/A (1), 3/A (1), 424B3 (1), 8-A12G (1), DEF 14A (1), DEFR14C (1), NTN 10Q (1), PRE 14A (1), PRER14C (1), RW (1), S-4 (1), S-8 (1), SB-2 (1), SC 13G/A (1), SC 14F1 (1), SCHEDULE 13D (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2025
    Quarterly report (10-Q) Nov 14, 2025
    Proxy statement (DEF 14A) Oct 6, 2017
    Latest 8-K (8-K) Jul 15, 2026

Securities registered for trading

ClassSymbolExchange
Common stockHWNINONE

From the cover page of the 10-K filed Mar 31, 2025 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks HIGH WIRE NETWORKS, INC. names in Item 1A of its 10-K filed Mar 31, 2025: 43 risks under these headings, as written.3

  • Risks Related to Our Financial Results and Financing Plans
  • We have a history of losses and may continue to incur losses in the future.
  • If we are unable to grow our revenue, we may never achieve or sustain profitability.
  • Our substantial indebtedness could adversely affect our business, financial condition and results of operations and our ability to meet our payment obligations.
  • Risks Relating to Our Business
  • Our future success is substantially dependent on third-party relationships.
  • Claims by others that we infringed their proprietary technology or other intellectual property rights could harm our business.
  • Our trademarks, copyrights, and other intellectual property could be unenforceable or ineffective.
  • The cost of enforcing our trademarks and copyrights could prevent us from enforcing them.
  • We are making substantial investments in new product offerings and technologies and expect to increase such investments in the future. These efforts are inherently risky, and we may never realize any expected benefits from them.
  • Our new products could fail to achieve the sales projections we expected.
  • The development and commercialization of our products and services are highly competitive.
The other 33 risks
  • We must correctly predict, identify, and interpret changes in consumer preferences and demand, offer new products to meet those changes, and respond to competitive innovation.
  • We depend on relationships with our MSPs, and any adverse changes in their financial strength, tightening of the technical standards required by their end-customers would adversely affect our business, financial condition, and results of operations.
  • Our financial performance is dependent on our ability to successfully engage with MSP’s and other technology partners, and these MSP’s and partners are not precluded from offering products and services outside of our offerings.
  • MSP’s and technology partners on our marketplaces may not provide competitive levels of service to end customers, which could materially and adversely affect our operating results.
  • Expenses or liabilities resulting from litigation could materially adversely affect our results of operations and financial condition.
  • Our insurance coverage may be inadequate to cover all significant risk exposures.
  • Data breaches or incidents involving our technology or products could damage its business, reputation and brand and substantially harm its business and results of operations.
  • Security incidents or real or perceived errors, failures or bugs in our systems and platform could impair our operations, compromise our confidential information or our users’ personal information, damage our reputation and brand, and harm our business and operating results.
  • Computer malware, viruses, ransomware, hacking, phishing attacks and similar disruptions could result in security and privacy breaches and interruptions and delays in services and operations, which could harm our business.
  • Changes in government regulation could adversely impact our business.
  • Failure to obtain proper business licenses or other documentation or to otherwise comply with local laws and requirements regarding marketing or matching commercial property and business borrowers with financial services providers may result in civil or criminal penalties and restrictions on our ability to conduct business in that jurisdiction.
  • Global health concerns and measures taken in response thereto impact our business, results of operations and financial condition will depend on future developments, which are highly uncertain and cannot be predicted.
  • We rely on confidentiality agreements with our suppliers, employees, consultants and other parties; the breach of such agreements could adversely affect our business and results of operations.
  • The imposition of new governmental export or import controls or of international sanctions could require us to comply with additional compliance obligations or limit our ability to compete in foreign markets.
  • If our solutions do not interoperate with our customers’ IT infrastructure, our solutions may become less competitive and our results of operations may be harmed.
  • New and evolving information security, cybersecurity and data privacy laws and regulations may result in increased compliance costs, impediments to the development or performance of our offerings, and monetary or other penalties.
  • The estimates of market opportunity and forecasts of market growth included in this prospectus may prove to be inaccurate, and even if the markets in which we compete achieve the forecasted growth, our business could fail to grow at similar rates, or at all.
  • Risks Related to Our Industry
  • Our industry is highly competitive, with a variety of larger companies with greater resources competing with us, and our failure to compete effectively could reduce the number of new contracts awarded to us or adversely affect our market share and harm our financial performance.
  • Many of the industries we serve are subject to consolidation and rapid technological and regulatory change, and our inability or failure to adjust to our customers’ changing needs could reduce demand for our services.
  • Economic downturns could cause capital expenditures in the industries we serve to decrease, which may adversely affect our business, financial condition, results of operations and prospects.
  • Other Risks Relating to Our Company and Results of Operations
  • Our reported financial results may be negatively impacted by changes in U.S. GAAP and financial reporting requirements.
  • Our operating results may fluctuate due to factors that are difficult to forecast and not within our control.
  • Actual results could differ from the estimates and assumptions that we use to prepare our financial statements.
  • We exercise judgment in determining our provision for taxes in the United States and Puerto Rico that are subject to tax authority audit review that could result in additional tax liability and potential penalties that would negatively affect our net income.
  • Risks Related to our Common Stock
  • An active trading market for our common stock may not develop.
  • Our stock price may be volatile, which could result in substantial losses to investors and litigation.
  • The sale or availability for sale of substantial amounts of our common stock could adversely affect the market price of our common stock.
  • If we do not meet the listing standards of a national securities exchange our investors’ ability to make transactions in our securities will be limited and we will be subject us to additional trading restrictions.
  • We may issue additional debt and equity securities, which are senior to our common stock as to distributions and in liquidation, which could materially adversely affect the market price of our securities.
  • Our shares of common stock are subject to penny stock regulations. Because our common stock is a penny stock, holders of our common stock may find it difficult or may be unable to sell their shares.
  • We have never paid cash dividends on our common stock and do not anticipate paying any cash dividends on our common stock.
  • If equity research analysts do not publish research or reports about our business, or if they issue unfavorable commentary or downgrade our common stock, the market price of our common stock will likely decline.

Legal proceedings

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, financial condition, or operating results.

The opening of Item 3, Legal Proceedings.3

Sources

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