From GlobeNewswire: 2025-05-13 18:48:00

High Wire Networks, Inc. reported a 5% revenue increase to $2.2 million in Q1 2025. Revenue from Overwatch managed cybersecurity services grew by 2%, while SVC telecom services revenue increased by 9%. Adjusted EBITDA improved by 8% to $0.1 million, with a 3% decrease in operating expenses. Interest expense decreased by 34%.

Overwatch closed $1.7 million in total contract value and improved service delivery speed through automation. Collaboration with key partners like SentinelOne and Kaseya enhanced growth potential. Back-office automation with ConnectBooster allows for scalable transaction processing. CEO Mark Porter highlighted the focus on automation for accelerated growth and profitability.

High Wire Networks ranked as a Top 15 Managed Security Service Provider in the Americas for 2024. The company’s focus on hyper-automation and strategic AI application is driving efficiencies. Integration of core business systems and automating workflows has enhanced customer experience and reduced costs. The company believes Adjusted EBITDA is a helpful measure for investors to assess performance.

The company’s financial statements for Q1 2025 show a loss from operations, but improvements in various financial metrics. Total assets stand at $5.68 million, with liabilities of $9.39 million. Stockholders’ equity is at a deficit of $3.71 million. CEO Mark Porter and the Overwatch team are focused on strategic growth through automation and AI application.



Read more at GlobeNewswire:: High Wire Networks Reports First Quarter Earnings Revenue