hwni: the income statement

MyFinsight

HIGH WIRE NETWORKS, INC. (HWNI)

For the year ending 2024-12-31, HWNI made $8,378,708 in revenue. -$384,826 in net income. Net profit margin of -4.59%.

Unit: Dollar

	2024-12-31
Revenue	8,378,708
Salaries and wages	4,608,148
Goodwill impairment charge	1,207,234
General and administrative	4,468,327
Depreciation and amortization	794,838
Cost of revenue	5,854,228
Total operating expenses	16,932,775
Loss from operations	-8,554,067
Warrant expense	228,997
Other (expense) income	-50,000
Interest expense	1,163,178
Gain (loss) on settlement of debt	-180,622
Exchange loss	-35,401
Gain on change in fair value of warrant liabilities	-266,393
Amortization of debt discounts	997,379
Penalty fee	100,000
Gain on extinguishment of warrant liabilities	921,422
Total other (expense)	-1,567,762
Net loss from continuing operations before income taxes	-10,121,829
Net loss from continuing operations	-10,121,829
Net income (loss) from discontinued operations, net of tax	9,737,003
Net loss attributable to high wire networks, inc. common shareholders	-384,826

Basic eps	-0.4
Diluted eps	-0.4
Basic average shares	963,097
Diluted average shares	963,097

Unit: Dollar