High Wire

High Wire Reports 2023 Revenue of $27.0 Million, with Annualized Recurring Revenue at $12.0 Million

Retrieved on: 
Friday, April 19, 2024
Momentum, CRN, CFO, Partnership, Growth, Wi-Fi, Secure, Software, EDR, Veteran, Security Service, SentinelOne, Overwatch, VOIP, High, Government, SVC, Hospital, TCV, Automation, Security operations center, Computer security, Marketing, Channel, Woman, ISP, Secure voice, OTCQB, Depreciation, MSSP, High Wire, Euronext Paris, MEDR, EUC, Mobile phone

Full year 2023 revenue was $27.0 million, as company implemented strategic transition during the year to greater mix of higher margin Overwatch cybersecurity recurring revenue.

Key Points: 
  • Full year 2023 revenue was $27.0 million, as company implemented strategic transition during the year to greater mix of higher margin Overwatch cybersecurity recurring revenue.
  • Monthly recurring revenue exceeded $1.0 million by year-end or $12.0 million on an annualized basis.
  • For the year ended December 31, 2023, Overwatch managed cybersecurity services recurring revenue increased 75% to $4.0 million.
  • “2023 reflected a strategic transition in revenue mix to higher margin Overwatch cybersecurity recurring revenue,” stated High Wire CEO, Mark Porter.

High Wire Awarded Additional Fiber Installation Project for National Environmental Solutions Provider, Bringing Total Value of Engagement to $2.8 Million+

Retrieved on: 
Wednesday, April 17, 2024
High, Government, High Wire, OTCQB

The new project is in addition to a recently announced $1.6 million annual contract renewal for technology managed services.

Key Points: 
  • The new project is in addition to a recently announced $1.6 million annual contract renewal for technology managed services.
  • The total value of the renewed contract and fiber project for the customer now totals more than $2.8 million combined.
  • “This fiber installation project is a natural extension of our managed services and maintenance program for this major end customer,” stated High Wire CRO, Don Schmidt.
  • In 2020, High Wire and its partner delivered SD-Wan installation services at the end customer’s more than 800 locations across North America.

High Wire Awarded Contract Renewal to Deliver Full Range of Tech Managed Services for National Environmental Solutions Provider

Retrieved on: 
Friday, March 8, 2024
OTCQB, High, Wi-Fi, High Wire

BATAVIA, Ill., March 08, 2024 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, has been awarded an annual contract renewal to provide technology managed services to a Fortune 500 national environmental solutions provider.

Key Points: 
  • BATAVIA, Ill., March 08, 2024 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, has been awarded an annual contract renewal to provide technology managed services to a Fortune 500 national environmental solutions provider.
  • Last year, such additional services included fiber installments totaling approximately $1 million in billings, an amount High Wire anticipates will reoccur during the new renewal period or potentially higher.
  • “Our continued success in delivering managed services has established a deep trust with our channel partners, and this renewal demonstrates how we have become their ‘go-to provider’ for multi-site, nationally deployed managed services,” stated High Wire CRO Don Schmidt.
  • To learn more about High Wire and its award-winning managed cybersecurity and IT enablement services, visit HighWireNetworks.com or view the company’s free video series on YouTube .

High Wire Networks to Present at the 36th Annual ROTH Conference, March 18-19, 2024

Retrieved on: 
Tuesday, February 27, 2024
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On March 18-19, High Wire CEO, Mark Porter, will participate in one-on-one meetings with analysts and investors.

Key Points: 
  • On March 18-19, High Wire CEO, Mark Porter, will participate in one-on-one meetings with analysts and investors.
  • High Wire was recently named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT managed service providers for 2024.
  • To schedule a one-on-one meeting with High Wire, please contact your ROTH representative.
  • For questions or further information about High Wire, please contact Ron Both of CMA at (949) 432-7557 or submit your request here .

High Wire Networks Named to CRN MSP 500 and Elite 150 Listings of Nation’s Top IT Managed Service Providers

Retrieved on: 
Monday, February 12, 2024
OTCQB, CRN, Security, Investment, MSP, CRN (magazine), The Channel Company, Growth, Channel, Security Service, Frost, MSSP, Elite, High Wire, Woman, Video game

The Elite 150 ranking underscores our adaptability and dedication to vendor-agnostic integration that is well aligned with current market demand.

Key Points: 
  • The Elite 150 ranking underscores our adaptability and dedication to vendor-agnostic integration that is well aligned with current market demand.
  • The 2024 MSP 500 and Elite 150 lists are now the eighth CRN award High Wire received over the past few years:
    In 2023, High Wire was named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT managed service providers.
  • High Wire was also ranked by Frost & Sullivan as a Top 12 Managed Security Service Provider in the Americas for 2023.
  • To learn more about High Wire Networks and its award-winning managed cybersecurity and IT enablement services, go to HighWireNetworks.com or view the company’s free video series on YouTube .

High Wire Networks Launches Pilot Project as Part of a $2.4 Billion, 10-Year Network Modernization Initiative

Retrieved on: 
Tuesday, January 30, 2024
Voice over IP, Fortune 500, Wi-Fi, High Wire, OTCQB, Mobile phone

The project has begun this week with High Wire conducting a network survey at its initially assigned secure locations.

Key Points: 
  • The project has begun this week with High Wire conducting a network survey at its initially assigned secure locations.
  • This will be followed by network upgrades at these locations, including the installation of new optical fiber and wireless infrastructure.
  • High Wire expects to be engaged by the partner for the remaining stages of the modernization initiative that will be conducted at the remaining sites over the following several years.
  • To learn more about High Wire and its award-winning managed cybersecurity and IT enablement services, visit HighWireNetworks.com or view the company’s video series on YouTube .

High Wire Networks Named to MSSP Alert’s 2023 List of Top 250 MSSPs

Retrieved on: 
Tuesday, September 19, 2023
Research report, MSSP, Information security operations center, OTCQB, Socs, Luigi, SOC, EBITDA, Overwatch, High Wire, Geography, Growth, Federation, Broadcasting, Pharmaceutical industry, Risk management

BATAVIA, Ill., Sept. 19, 2023 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, ranks among the Top 250 MSSPs ( https://www.msspalert.com/top-250 ) for 2023, according to MSSP Alert, a CyberRisk Alliance resource.

Key Points: 
  • BATAVIA, Ill., Sept. 19, 2023 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, ranks among the Top 250 MSSPs ( https://www.msspalert.com/top-250 ) for 2023, according to MSSP Alert, a CyberRisk Alliance resource.
  • High Wire Networks was ranked among the Top 250 MSSPs for 2023.
  • “The Top 250 MSSPs continue to outperform the overall cybersecurity services market in 2023.
  • To become a High Wire partner, visit High Wire Networks online or email us at [email protected].

High Wire Networks to Present at National Investment Banking Association Conference, September 6-7, 2023

Retrieved on: 
Tuesday, August 29, 2023
Resorts World, CMA, OTCQB, SMB, Overwatch, High Wire, Federation, Conference, Cryptocurrency

BATAVIA, Ill., Aug. 29, 2023 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, has been invited to present at the National Investment Banking Association (NIBA) Conference being held at The Westin Fort Lauderdale Beach Resort in Ft. Lauderdale, Florida on September 6-7, 2023.

Key Points: 
  • BATAVIA, Ill., Aug. 29, 2023 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, has been invited to present at the National Investment Banking Association (NIBA) Conference being held at The Westin Fort Lauderdale Beach Resort in Ft. Lauderdale, Florida on September 6-7, 2023.
  • High Wire CEO, Mark Porter, is scheduled to present on Thursday, September 7.
  • In July, High Wire introduced a next-gen, industry-disruptive cybersecurity technology to be delivered through its new Overwatch CyberLab™ browser security module.
  • For questions or further information about High Wire, please contact Ron Both of CMA at (949) 432-7557 or submit your request here .

High Wire Reports Revenue of $16.1 Million in First Half of 2023, with Monthly Recurring Revenue Reaching Record $1 Million

Retrieved on: 
Tuesday, August 15, 2023
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Monthly recurring revenue exceeded a record $1 million.

Key Points: 
  • Monthly recurring revenue exceeded a record $1 million.
  • “We had an exceptionally strong first half, with revenue up 32% to a $16.1 million,” stated High Wire CEO, Mark Porter.
  • Revenue in the first half of 2023 totaled $16.1 million, up 32% from $12.2 million in the same year-ago period.
  • Gross profit totaled $3.9 million or 24.5% of revenue in the first half as compared to $4.3 million or 35.5% of revenue in the same year-ago period.

High Wire Networks Awarded $1 Million IT Project as First Phase of Wi-Fi Upgrade for Fortune 200 Department Store Chain

Retrieved on: 
Tuesday, August 1, 2023
OTCQB, Wi-Fi, Mobile phone, High Wire

The project requires the installation of 6,000 new or upgraded Wi-Fi access points across more than 100 store locations.

Key Points: 
  • The project requires the installation of 6,000 new or upgraded Wi-Fi access points across more than 100 store locations.
  • The project is planned for completion by October, after which High Wire anticipates the retailer will look to begin a next phase with additional store locations.
  • That win came from one of the world’s largest technology resellers and integrators that has secured more than $35 million in projects for High Wire.
  • To learn more about High Wire and its award-winning managed cybersecurity and IT enablement services, visit HighWireNetworks.com or view the company’s video series on YouTube .