WhiteHawk Limited (ASX:WHK) Secures Multiple Cybersecurity Contracts in Q1
Operational Achievements
WhiteHawk Limited invoiced US$382K in the first quarter and maintained US$207K in receivables as of 31 March 2025. The company renewed a global social media contract for two years at US$2.4M and secured a key cyber sub-contract position on a US$920M U.S. Federal Government contract vehicle for ten years. Additionally, WhiteHawk was awarded the first City Wide Cyber Risk Radar Contract with the City of Atlanta for US$92K and secured various other contracts with Georgetown University, Cailabs, and Norwich University Applied Research Institute.
Financial Performance
Revenue for the quarter was US$309.5K, with operating expenses managed below the planned budget at an average of US$256K per month. The group incurred net cash outflows from operations of US$414K. Payments to related parties included salaries, director fees, and services provided by key management personnel. On 4 April 2025, WhiteHawk completed Placement Tranche 2, raising an additional A$535,000 (US$335,605) to support ongoing operations.
Outlook
WhiteHawk has been selected as the core cyber partner on the GSA SCRIPTS BPA, enhancing its strategic positioning and competitive edge. The company collaborated with Knexus Research LLC, Babel Street, and Dun & Bradstreet to deliver an AI-powered suite of supply chain illumination tools. WhiteHawk is responding to the U.S. Defense Advanced Research Projects Agency (DARPA) Open BAA and applying to the Office of the Secretary of Defense CDAO Tradewinds Program. The company expects increased cash flows from recently secured and renewed contracts to support its business objectives.
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.
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