High Wire Networks (HWNI) AI Stock Analysis

• Market Cap: $246.33K
• Dividend Yield: N/A
• Average Volume (3M): 3.43K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.28
• Revenue Growth: -56.99%
• EPS Growth: -17229.91%
• Country: US
• Employees: 38
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): N/A
• Shares Outstanding: 1,119,665
• 10 Day Avg. Volume: 489
• 30 Day Avg. Volume: 3,432
• PEG Ratio: 0.58
• Price to Book (P/B): -4.83
• Price to Sales (P/S): 1.07
• P/FCF Ratio: -1.46
• Enterprise Value/Market Cap: 13.33
• Enterprise Value/Revenue: 0.49
• Enterprise Value/Gross Profit: 2.91
• Enterprise Value/Ebitda: -0.75
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.21 ▲(17.78% Upside)

The score is held down primarily by severe financial strain (falling revenue, deeply negative margins, and negative equity), which outweighs the modest positive of slightly positive recent operating/free cash flow. Technicals are mixed with short-term improvement but a clear longer-term downtrend. Valuation cannot be supported by the provided P/E (0.000) and missing dividend yield.

Positive Factors

Diversified recurring revenue mix

A mix of subscription managed services, one-time professional services, and software sales creates multiple revenue streams and recurring income. This diversification supports steadier cash flows, cross-sell opportunities, and client stickiness that can sustain performance over the next several quarters.

Enterprise-focused network and security offerings

Focus on network infrastructure, cybersecurity and cloud solutions targets enterprise customers with high switching costs and ongoing security/compliance needs. Structural demand for these services increases pricing power and contract longevity, supporting durable revenue potential if execution holds.

Shift to positive operating and free cash flow

A TTM reversal to positive OCF and FCF, even modest, indicates improving cash conversion and operating discipline. If maintained, it reduces near-term refinancing reliance and provides a foundation to reinvest or stabilize operations, aiding recovery over a multi-month horizon.

Negative Factors

Declining revenue and deeply negative margins

Sustained revenue decline alongside extreme negative net margins shows the cost base is not aligned with current scale. Continued top-line weakness and heavy losses erode profitability and make restoring sustainable margins difficult without material restructuring or revenue stabilization.

Negative shareholders' equity and balance-sheet stress

Negative equity reflects accumulated losses exceeding capital, constraining borrowing capacity and financial flexibility. This elevates solvency risk and limits the firm's ability to invest or absorb shocks, making strategic initiatives and growth financing harder over the medium term.

Cash generation tiny and inconsistent versus losses

Although cash flow turned slightly positive, the amount is immaterial relative to reported losses and prior cash burn. This fragile cash profile means operations remain vulnerable to revenue setbacks and offers limited runway for sustained investment or unexpected expenses without external funding.

High Wire Networks Business Overview & Revenue Model

Company Description

High Wire Networks, Inc. offers outsourced services to the wireless and wireline industry in Puerto Rico, Canada, and the United States. The company operates through two segments, Technology and High Wire. It provides engineering and installation services, staffing solutions, and other services, including consulting services to the telecommunications and technology industry, service providers, and enterprise customers. In addition, it engages in end-to-end protection for networks, data, endpoints, and users; and provision of fiber and DAS deployments for facilities and outdoor environments. Further, it offers network systems design, site acquisition services, asset audits, architectural and engineering services, program management, construction management and inspection, construction, installation, and maintenance and other technical services, as well as in-field design, computer-aided design, and drawing services. The company serves software and hardware original equipment manufacturers (OEMs), cable broadband multiple system operators, and telecommunications OEMs. High Wire Networks, Inc. is based in Boca Raton, Florida.

How the Company Makes Money

High Wire Networks generates revenue through a diversified model that includes multiple streams such as managed services, professional services, and software sales. The company offers subscription-based managed services, which provide ongoing support and maintenance for clients' network infrastructures, contributing to a steady income. Additionally, HWNI earns revenue from one-time professional services such as network design, implementation, and consulting. The sale of proprietary software and solutions also adds to their earnings. Strategic partnerships with technology vendors and telecommunications providers enhance HWNI's service offerings and expand its market reach, further driving revenue growth.

High Wire Networks Financial Statement Overview

Summary

Very weak fundamentals: TTM revenue down 23.3% with deeply negative profitability (net margin ~-114.5%) and sharply negative operating metrics. Balance sheet risk is elevated due to negative shareholders’ equity (TTM about -$6.2M). The main offset is a recent shift to slightly positive TTM operating cash flow and free cash flow (~$0.17M), but the magnitude is small and inconsistent versus reported losses.

Income Statement

TTM (Trailing-Twelve-Months) revenue declined 23.3%, and profitability is deeply negative (gross margin ~16.7%, net margin ~-114.5%). While gross profit remains positive in TTM, operating performance is very weak (EBIT and EBITDA margins both sharply negative), indicating the cost structure is not scaling with revenue. Prior years show continued net losses, with 2024’s net margin only modestly negative versus the much larger losses seen in 2022–2023, but the TTM deterioration is a major setback.

Balance Sheet

The balance sheet is pressured by negative shareholders’ equity in the most recent periods (TTM equity about -$6.2M; 2024 also negative), which materially increases financial risk and reduces flexibility. Debt is moderate in absolute dollars (TTM debt about $3.0M), but leverage measures are distorted by negative equity and signal balance-sheet stress. Total assets also contracted sharply versus 2024, suggesting a shrinking asset base alongside ongoing losses.

Cash Flow

Cash flow shows a notable near-term improvement: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are slightly positive (~$0.17M), a sharp reversal from large cash burn in 2024 and 2023. However, cash generation is still very small relative to the scale of reported losses in TTM, and free cash flow growth is materially negative versus the prior period, highlighting volatility and limited consistency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.76M	8.38M	26.99M	26.77M	27.21M	9.91M
Gross Profit	1.13M	2.52M	-2.40M	13.56M	8.19M	41.65K
EBITDA	-4.41M	-7.06M	-8.63M	-5.79M	-11.84M	-249.03K
Net Income	-7.74M	-384.83K	-14.49M	-19.04M	-13.34M	-693.08K
Balance Sheet
Total Assets	1.23M	5.79M	10.83M	32.59M	45.96M	7.66M
Cash, Cash Equivalents and Short-Term Investments	0.00	220.82K	333.36K	649.03K	508.39K	184.68K
Total Debt	3.05M	2.75M	5.95M	5.62M	14.41M	2.93M
Total Liabilities	7.40M	7.64M	13.58M	26.85M	34.81M	4.95M
Stockholders Equity	-6.17M	-1.85M	-2.75M	5.75M	9.20M	1.10M
Cash Flow
Free Cash Flow	169.35K	-6.14M	-7.95M	-2.35M	-4.30M	-648.05K
Operating Cash Flow	170.15K	-6.13M	-7.93M	-1.94M	-4.21M	-532.73K
Investing Cash Flow	-794.00	9.77M	190.00K	70.30K	-593.35K	-115.32K
Financing Cash Flow	1.69M	-3.75M	7.43M	2.25M	5.12M	328.72K

High Wire Networks Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HWNI, the sentiment is Neutral. The current price of 0.18 is below the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.22, and below the 200-day MA of 1.72, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.06 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HWNI.

High Wire Networks Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
USIO	61 Neutral	$37.96M	-94.00	-2.06%	―	3.24%	-115.15%
DTST	56 Neutral	$35.32M	-31.77	-0.97%	―	-20.20%	-799.54%
GLE	54 Neutral	$5.54M	-7.56	-15.17%	―	-53.14%	-325.97%
CYCU	44 Neutral	$7.95M	―	-184.82%	―	―	-81.60%
HWNI	43 Neutral	$246.33K	―	―	―	-56.99%	-17229.91%