High Wire Reports Q1 2024 Revenue of $7.7 Million, up 57% Sequentially, Driving Adjusted EBITDA of $674,000
Net loss from continuing operations in the first quarter of 2024 totaled $414,000 or $(0.00) per diluted share.
- Net loss from continuing operations in the first quarter of 2024 totaled $414,000 or $(0.00) per diluted share.
- Adjusted EBITDA was $674,000 (see definition of adjusted EBITDA, a non-GAAP term, and its reconciliation to GAAP, below).
- Monthly recurring revenue was approximately $1.0 million by quarter-end or $12.0 million on an annualized basis.
- Adjusted EBITDA in the first quarter of 2024 totaled $674,000, as compared to an adjusted EBITDA loss of $1.9 million in the same year-ago quarter.