---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-094204"
form_type: "8-K"
ticker: "HWNI"
cik: "0001413891"
company_name: "HIGH WIRE NETWORKS, INC."
filed_at: "2023-12-08T23:59:59+00:00"
generated_at: "2026-06-07T15:30:32.446324+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# High Wire Networks restates Q1/Q2 2023, reports preliminary Q3 loss of $2.1M

## Summary
- Restating Q1 and Q2 2023 financials due to derivative accounting errors; no impact on revenue or operating loss.
- Preliminary Q3 Sep 30, 2023: Revenue $6.02M, net loss from ops $2.62M, net loss to common $2.11M.
- Nine-month revenue $22.13M, net loss from ops $7.47M, net loss to common $7.60M.
- Only $1.22M of $5M convertible note issued; company will not receive additional funds.
- Amended Q1/Q2 10-Qs and Q3 10-Q to be filed when finalized with auditor review.

## SEC filing metadata
- accession: 0001213900-23-094204
- form_type: 8-K
- ticker: HWNI
- cik: 0001413891
- company_name: HIGH WIRE NETWORKS, INC.
- filed_at: 2023-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1413891/000121390023094204/0001213900-23-094204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1413891/000121390023094204/ea189737-8k_highwire.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-094204
- JSON: https://secwatch.observer/filing/0001213900-23-094204.json
- Plain text: https://secwatch.observer/filing/0001213900-23-094204.txt

## Key facts
- Auditor Changes
  HIGH WIRE NETWORKS, INC. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: HIGH WIRE NETWORKS, INC.
  source text: Restatement Process The Company’s board of directors has discussed the matters discussed above with the Company’s independent accountant (the “External Auditors”) and continues to diligently work with the External Auditors to identify and rectify these errors. The restatement process involved a thorough examination of the relevant financial data and reassessment of accounting policies. This process was carried out in accordance with generally accepted accounting principles (GAAP). Impact on Financial Statements The restatement primarily affects the following financial statements for the quarters ended March 31, 2023 and June 30, 2023: ● Consolidated Balance Sheet ● Consolidated Statement of Operations ● Consolidated Statement of Cash Flows ● Notes to Financial Statements It is noted that the restatement of the financial statements will not impact Revenue or Loss from Operations for eithe
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413891/000121390023094204/0001213900-23-094204-index.htm
- Earnings Releases
  HIGH WIRE NETWORKS, INC. reported the Nine Months' Ended September 30, 2023 results: revenue $22,126,822, net income $(7,595,385).
  - Period: the Nine Months' Ended September 30, 2023
  - Revenue: $22,126,822
  - Net income: $(7,595,385)
  - Result: preliminary results
  source text: For the Three Months’ Ended September 30, 2023 For the Nine Months’ Ended September 30, 2023 Revenue $ 6,021,585 $ 22,126,822 Net (loss) from Operations $ (2,618,882 ) $ (7,469,518 ) Net (loss) attributable to High Wire Networks, Inc. common shareholders $ (2,111,094 ) $ (7,595,385 )
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413891/000121390023094204/0001213900-23-094204-index.htm
- Earnings Releases
  HIGH WIRE NETWORKS, INC. reported the Three Months' Ended September 30, 2023 results: revenue $6,021,585, net income $(2,111,094).
  - Period: the Three Months' Ended September 30, 2023
  - Revenue: $6,021,585
  - Net income: $(2,111,094)
  - Result: preliminary results
  source text: For the Three Months’ Ended September 30, 2023 For the Nine Months’ Ended September 30, 2023 Revenue $ 6,021,585 $ 22,126,822 Net (loss) from Operations $ (2,618,882 ) $ (7,469,518 ) Net (loss) attributable to High Wire Networks, Inc. common shareholders $ (2,111,094 ) $ (7,595,385 )
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413891/000121390023094204/0001213900-23-094204-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.