Core Viewpoint - High Wire Networks, Inc. reported a 5% increase in revenue from continuing operations for Q1 2025, reaching a record $2.2 million, driven by growth in both Overwatch managed cybersecurity services and SVC telecom services [7]. Financial Highlights - Revenue from continuing operations increased to $2.2 million, a 5% rise compared to the same quarter last year [7]. - Overwatch revenue grew by 2%, while SVC telecom services revenue increased by 9% year-over-year [7]. - Adjusted EBITDA improved by $0.1 million, or 8%, from the same quarter last year [7]. - Operating expenses decreased by 3% to $3.4 million as the company streamlined operations through automation [7]. - Interest expense decreased by $0.1 million or 34% in Q1 2025 [7]. Operational Highlights - Secure Voice Corporation (SVC) achieved an 18% increase in gross profit and 9% revenue growth quarter-over-quarter, attributed to low SG&A costs and increased transaction volume [7]. - The company is focusing on hyper-automation to enhance service delivery speed and partner engagement while reducing operational overhead [6][9]. - Enhanced collaboration with partners like SentinelOne and Kaseya is unlocking new efficiencies and growth potential [7]. Management Commentary - The CEO highlighted that the new leadership team has accelerated progress in automating business processes, which is expected to lead to profitability and cash flow generation as revenue scales [5]. - The focus on hyper-automation and strategic application of AI is driving efficiencies across service delivery and business operations [9]. - The company aims to capitalize on its position within the Enterprise by providing advanced cybersecurity outcomes and creating a persistent defense strategy [8]. Company Overview - High Wire Networks is a global provider of managed cybersecurity services, serving over 1,100 managed security customers worldwide, including Fortune 500 companies and large government agencies [18]. - The company has been recognized as a Top 15 Managed Security Service Provider in the Americas for 2024 by Frost & Sullivan [19].