High Wire Networks Inc (OTCQB: HWNI) is a managed cybersecurity and managed network services company that delivers protection for networks, data, endpoints, and users exclusively through a channel sales model. Revenue comes from two primary sources: multiyear recurring contracts on its Overwatch managed security platform-as-a-service, and wholesale telecommunications services provided through its Secure Voice Corp subsidiary, an FCC-registered interexchange carrier. As of the 10-K filed March 31, 2025, the company reported total revenues of $8,378,708 for FY2024, up from $6,906,160 in FY2023, while generating operating losses of $8,554,067 in FY2024 and $11,950,409 in FY2023. HWN operates through over 250 established MSP channel partners serving more than 1,300 paying end clients. The company has operated under the High Wire Networks brand for 24 years and was incorporated in Delaware on January 20, 2017. HWN has incurred losses since inception and has relied on equity sales, bank lines of credit, and third-party debt to fund operations.

Revenue model

Multiyear recurring contracts for Overwatch managed security platform-as-a-service; wholesale telecommunications services through Secure Voice Corp as an FCC-registered interexchange carrier.

Products and services

Overwatch managed security platform-as-a-service (end-to-end protection for networks, data, endpoints, and users); managed network services; tech-enabled professional services; Secure Voice Corp wholesale SIP network transport and voice telecommunications.

Customers and end markets

Enterprise and mid-market organizations purchasing cybersecurity and managed network services via over 250 MSP channel partners; over 1,300 paying end clients as of the 10-K filed March 31, 2025; other telecommunications carriers purchasing wholesale voice services.

Value-chain role

Indirect channel provider: all cybersecurity and managed services are delivered exclusively through MSP channel partners. Wholesale telecom carrier for voice traffic via Secure Voice Corp.

Geographic exposure

Incorporated in Delaware; previously operated subsidiaries in Puerto Rico and Canada (ADEX Puerto Rico LLC, ADEX Canada); international growth described as an opportunity in filings but specific current revenue by geography is not disclosed in the excerpts.

Source: SEC 10-K, filed 2025-03-31

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