High Wire Networks (HWNI) AI Stock Analysis

• Market Cap: $223.93K
• 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: 15.86
• Enterprise Value/Revenue: 0.53
• Enterprise Value/Gross Profit: 3.15
• Enterprise Value/Ebitda: -0.81
• 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: $0.30 ▲(67.22% 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 Revenue Model

A multi‑stream revenue mix (subscription managed services, one‑time professional services, and software sales) provides durable income diversity. Subscription elements support recurring cash flow, while services and partnerships expand addressable markets and reduce single‑channel dependency.

Improving Cash Generation

The shift to slightly positive trailing‑twelve‑month operating and free cash flow signals a nascent operational inflection. Even modest positive cash generation can stabilise liquidity, support working capital, and provide a foundation for deleveraging or targeted reinvestment if sustained over subsequent quarters.

Strategic Portfolio Repositioning

Divesting legacy divisions and pursuing an acquisition represent a deliberate strategic repositioning. Monetising noncore assets while targeting aerospace capabilities can refocus management effort, potentially improve margins and open new market verticals if integration and execution preserve customer continuity and revenue streams.

Negative Factors

Persistent Revenue Decline

A sustained 23% TTM revenue decline weakens scale economics and competitive position. Lower top‑line reduces margin leverage, pressures fixed‑cost coverage, and constrains the company’s ability to invest in product development, sales capacity, or strategic initiatives that underpin long‑term growth.

Deeply Negative Profitability

Extremely negative net and operating margins indicate core operations are unprofitable and not scaling with revenue. Persistent losses erode capital, hinder reinvestment, and make it difficult to sustain R&D, sales, or service quality—undermining long‑term competitiveness unless margins materially improve.

Balance Sheet Stress

Negative equity and shrinking assets materially reduce financial flexibility and increase creditor risk. This structural balance‑sheet weakness limits access to capital, raises refinancing risk, and constrains management choices for investment or M&A, making long‑term recovery and scaling more difficult.

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: Negative
• Last Price: 0.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HWNI, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.27, and below the 200-day MA of 2.25, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 45.63 is Neutral, neither overbought nor oversold. The STOCH value of 12.75 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HWNI.

High Wire Networks Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
USIO	67 Neutral	$37.68M	-91.33	-2.06%	―	3.24%	-115.15%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
DTST	60 Neutral	$38.17M	-33.07	-0.97%	―	-20.20%	-799.54%
GLE	54 Neutral	$6.93M	-9.14	-15.17%	―	-53.14%	-325.97%
CYCU	52 Neutral	$10.41M	-0.17	-184.82%	―	―	-81.60%
HWNI	43 Neutral	$223.93K	―	―	―	-56.99%	-17229.91%

High Wire Networks Corporate Events

High Wire Networks Announces Intent to Acquire Elevation Aerospace

High Wire Networks, Inc. announced a non-binding Letter of Intent on September 25, 2025, to acquire 100% ownership of Elevation Aerospace Inc. through an equity exchange, ensuring the continuation of Thoth Aerospace’s management and employees. Previously, on August 13, 2025, High Wire Networks and its subsidiaries completed the sale of their Managed Security Services and Voice Network divisions to Tego Cyber Inc., receiving shares of Tego Cyber’s Series B Preferred Stock and settling certain liabilities. Helena Global Investment Opportunities 1 Ltd., the senior secured lender, provided a limited release of its security interests in the conveyed assets in exchange for Series A Preferred Stock, retaining interest in remaining assets until full debt repayment.

The most recent analyst rating on (HWNI) stock is a Sell with a $0.50 price target. To see the full list of analyst forecasts on High Wire Networks stock, see the HWNI Stock Forecast page.