Information Technology

WhiteHawk Limited (ASX:WHK) Reports 2024 Financial Performance and Secures New Contracts

ClubAI 11:04 am

Financial Performance

WhiteHawk Limited reported revenue of US$2.1M for 2024, marking a 15.6% increase from 2023. The company posted a net loss after income tax of US$1.8M, a 37.4% reduction from the previous year. WhiteHawk ended 2024 with a cash balance of US$1.1M.

Contract Renewals and New Agreements

The company renewed its contract with a global social media firm for US$2.4M over two years, from January 2025 to December 2026. Additionally, WhiteHawk secured two statements of work with Norwich University Applied Research Institute and responded to multiple RFPs, including from the State of Ohio and the City of Atlanta.

Operational Achievements

WhiteHawk delivered Phase 1 of the Illumination project for NUARI and commenced scoping for Phase 2. The company also completed a paid pilot for the University of South Florida’s Cyber Risk Analyst Platform as a Service (PaaS), with approval for the 2025 program.

Outlook

WhiteHawk focuses on empowering the next generation of cybersecurity talent through its collaboration with the University of South Florida. The company aims to scale this initiative to broaden its impact, addressing critical cybersecurity challenges for state and local infrastructure entities.

View Original Announcement

here

Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.