HWNIOTCTelephone Communications (No Radiotelephone)Fiscal year ends December 31
HIGH WIRE NETWORKS, INC.
Financials through Q3 FY2025, quarter ended Sep 30, 2025Last filing: 10-Q on Nov 14, 2025
$0.00+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $1.46K
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2009 to 2024
Gross margin
30.1%+17.2 pts over 5 years
Operating margin
-102.1%−88.4 pts over 5 years
Net margin
-4.6%+18.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2024
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +21.3% | -32.5% | -20.0% | +40.8% | |
| Gross profit | +4.6% | -32.5% | -5.2% | +24.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2014 | FY2019 | FY2024 | Trend |
|---|---|---|---|---|
| Return on equity | 572.8% | – | 16.7% | |
| Return on assets | -133.7% | – | -4.6% | |
| Current ratio | 1.28 | 0.39 | 0.17 | |
| Interest coverage | -29.3× | -2.1× | -7.4× | |
| Capex to revenue | 17.7% | 0.0% | 0.2% | |
| Diluted shares | 0M | 0M | 1M |
Where the cash went
Fiscal 2020 to 2024, five years combined
High Wire Networks generated $20.91M from operations and spent $647.35K on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$20.91M
Used
$647.35K
Capital expenditure$647.35K100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4.6%
×Asset turnover1.01×
×Equity multiplier-3.61×
=Return on equity, FY202416.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2024 | -4.6% | 1.01× | -3.61× | 16.7% |
| FY2023 | -209.8% | 0.32× | -3.00× | 200.2% |
| FY2022 | -71.1% | 0.68× | -4.88× | 236.3% |
| FY2021 | -50.3% | 1.01× | -16.29× | 830.9% |
| FY2020 | -7.0% | 1.00× | -4.57× | 31.9% |
| FY2017 | -636.8% | 0.40× | -0.75× | 190.3% |
| FY2016 | -3095.6% | 0.28× | -0.15× | 126.7% |
| FY2015 | -1151.3% | 0.19× | -5.08× | 1113.5% |
| FY2014 | -470.0% | 0.28× | -4.28× | 572.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2024 against fiscal 2023
2of 8 tests passed in fiscal 2024. Some tests lack the figures they need.
- ProfitableNet income above zero-$384.83K
- Cash generatingOperating cash flow above zero-$6.13M
- Return on assets improvedROA up on the prior year-44.4% → -3.6%
- Earnings backed by cashOperating cash flow above net income-$6.13M vs -$384.83K
- Less leverageLong-term debt to assets fell3.5% → –
- Better liquidityCurrent ratio rose0.22 → 0.17
- No dilutionShare count did not rise1M → 1M
- Gross margin improvedGross margin up on the prior year34.96% → 30.13%
- More efficientAsset turnover rose0.21 → 0.77