High Wire NETWORKS, Inc. (HWNI) intrinsic value & 10-year financials
High Wire NETWORKS, Inc. (HWNI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 51.5% a year to $8.4M, with an average return on invested capital of 170.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.00
- Market cap
- $1.3K
- Revenue (FY2024)
- $8.4M
- Revenue growth (10-yr CAGR)
- 51.5%
- ROIC (10-yr avg)
- 170.5%
- Free cash flow (FY2024)
- -$6.1M
HWNI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $8.4M | -$384.8K | -$0.40 | -$6.1M | -102.1% | 40.6% |
| FY2023 | $27.0M | -$14.5M | -$0.06 | -$8.0M | -48.2% | 285.4% |
| FY2022 | $55.0M | -$19.8M | -$0.28 | -$2.3M | -43.0% | 410.4% |
| FY2021 | $27.2M | -$13.7M | -$1.00 | -$4.3M | -13.5% | 462.1% |
| FY2020 | $18.7M | -$17.7M | — | -$462.6K | -23.0% | 178.3% |
| FY2019 | $34.0M | -$5.8M | — | -$2.3M | -12.8% | -258.8% |
| FY2018 | $34.5M | -$1.3M | — | -$1.5M | -7.4% | 48.8% |
| FY2017 | $1.1M | -$6.8M | — | — | -445.1% | 195.4% |
| FY2016 | $70.3K | -$1.9M | — | -$468.0K | -1212.8% | 119.7% |
| FY2015 | $198.9K | -$2.2M | -$0.03 | -$1.2M | -960.8% | 223.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
HIGH WIRE NETWORKS, INC. is a consistent compounder, expanding top-line revenue at 51.5% annually over the past decade.
HIGH WIRE NETWORKS, INC. has earned high returns on invested capital, averaging 22.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, HIGH WIRE NETWORKS, INC. shows that management has aggressively returned capital to shareholders by retiring 98.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, HIGH WIRE NETWORKS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-13.29 per share.