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WHK - WhiteHawk Limited

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WhiteHawk Limited was incorporated 14 July 2017 in Western Australia for the purpose of acquiring WhiteHawk CEC Inc.

WhiteHawk CEC Inc. operates an internet based cybersecurity marketplace where purchasers can take advice on their cybersecurity needs and be matched to vendor products matching their identified needs. WhiteHawk CEC Inc. has developed a machine learning algorithm and artificial intelligence platform under provisional patent application known as the 'Cyber Path Solution Engine' for the WhiteHawk Exchange that enables buyers to understand which of the myriad vendor products suit their business, sector, budget and security/insurance requirements.

It is anticipated that WHK will list on the ASX during December 2017.

https://www.whitehawk.com
 
A real disappointment since listing early this year, cyber security hopeful WHK has seen a steady share price decline from its issue price of 20c per share to a low of 4c this week. Continuing operating losses, disappointing sales and a steady depletion of their cash at bank has been largely responsible for the share price slide.

However, today it saw a significant share price bounce after the company announced that it has entered into a new contract to provide a tailored version of its 360 Cyber Risk Framework to departments within the U.S. Government to protect against supply chain intrusions.

Under the contract, the Company will be providing sensitive risk analytics and mitigation, providing needed added protections to a breadth of office and mission functions. The initial phase of the contract is commencing immediately, followed by customer evaluation and option for expansion. The quantum of this first phase of the direct contract is minimal (sub-US$100,000), Phase 2 expands the scope of the risk framework across the U.S. Government department, to include all vendors being monitored and serviced by the Company's Cybersecurity Exchange, where the Company can derive additional revenues from the sale of vendor's products purchased across the Exchange.
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It will be interesting to see if this U.S. government contract can develop into something more substantial for WHK. The market certainly seems to think there is something to it. WHK is up 132.50% to 9.3c so far today on volume of around 80 million shares.

big.chart-WHK.gif
 
Potential breakout for WHK? They have recently announced a contract win with the U.S. government and a contract extension with a US Top 10 Financial Institution, so they appear to be kicking goals.

It hasn't opened or closed above 9c since it started moving north back in early November, so that looks to be resistance. Volume is increasing. Watching closely for a close above 9c on high volume.

big.chart-WHK.gif
 
WhiteHawk secures subcontractor role on billion-dollar project for US government department

Cybersecurity advisory firm WhiteHawk (ASX: WHK) has been awarded a subcontractor role on a $2.8 billion project for a US government department.


Commencing immediately, the role will be for an initial 12-month term with four option years, taking the total possible contract duration to five years.


The value of the first year to WhiteHawk is expected to be between $425,000 to $850,000.


In the option years, this is expected to grow to around $4.25 million each year.


Under the terms of the deal, WhiteHawk will provide a comprehensive service comprised of its 360 Cyber Risk Framework, cyber intelligence and innovation introduction and transition, as well as tailored cyber subject matter expertise. More...

Chart shows yesterdays price action up 35.94%, so far it is down 4.60% today.

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Another US government contract has been won by WHK, sending its share price up another 29.2% to 11.5c today. The contract is expected to be worth between US$150K to US$300K (~A$214K-A$428K) each year over the seven year life of the contract.

As per the announcement:
WhiteHawk will work as the sub-contractor to a Reston, Virginia headquartered company that will serve as the primary contractor (“prime”) in this contract. This prime, with over 23,000 employees, provides technology integration services that include high-end solutions in systems engineering and integration, enterprise IT, cyber, software, advanced analytics and simulation, and training to U.S.Defense, Federal Civilian, Intelligence Community, and Space agencies.

Under this seven-year contract (one base year with six option years), and in addition to our Cyber Risk Management Framework capabilities, WhiteHawk will provide expert support for Cyber Risk Management, Executive Technical Services (Architecture & Engineering), and Project Management. The Company will provide sensitive risk analytics and mitigation, and needed added protections to a breadth of office and mission functions.
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greggles said:
Another US government contract has been won by WHK, sending its share price up another 29.2% to 11.5c today. The contract is expected to be worth between US$150K to US$300K (~A$214K-A$428K) each year over the seven year life of the contract.
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I notice their Market Cap was only $6 million till recently?? …… Last 6 months have been showing promise. Interesting.
 
Hope you guys are still in WHK.
I'm in quite substantially.
This time next year the price will be closer to 50 cents than to 10 cents.

Cheers
 
Highlights
• Cyber Risk Program acts as a “second set of expert eyes” to identify and mitigate cyber risks to organization’s revenue and reputation
• This new product is scoped remotely and implemented virtually, to any company anywhere in the world
• Allows rapid scale remotely during current pandemic related lockdown
• Organisations globally are experiencing a rise in pandemic related cybercrime and fraud schemes
• Whitehawk recently partnered with a global consulting firm to sell the new product line
• The partnership has already generated annual SaaS subscriptions exceeding US$400K in 2020

.
 
picked up a US govt department contract:

WHK will implement its Cyber Risk Radar for the undisclosed US federal government Chief Information Security Office. The Cyber Risk Radar is a SaaS subscription that will monitor, identify, and prioritise both cyber and business risks of vendor companies to this US federal government department.

WhiteHawk will provide Cyber Risk Scorecards quarterly, virtually and remotely, for the department’s 150 to 300 vendors, via an integrated risk management dashboard.

This is the first US federal contract where WhiteHawk is the Prime Contractor. Of its three other US federal department CIO contracts, WhiteHawk is a cyber solution sub-contractor to Accenture Federal, SAIC and GuideHouse (formerly PWC Federal).

"WhiteHawk will generate base revenues of US$580,000 (A$811K) and up to an additional US$600,000 (A$839K), for a total of up to US$1.18 million (A$1.65M) for each year of the contract of $5.9 million in total. This will have a large impact on the company’s top line revenue growth."

up 40% today
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(DNH)
 
Hi Friends,

I did mention that I thought the price could well be around 50 cents come the end of this year (2020).

Today's announcement was just the beginning of a number of initiatives that are falling into place.

If I'm correct in my assessment, WHK will become a fabulous stock to hold over the next few years.

Cheers


sunnypebbles said:
Hope you guys are still in WHK.
I'm in quite substantially.
This time next year the price will be closer to 50 cents than to 10 cents.

Cheers
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With a bit of luck we'll have a nice announcement within the next few weeks and this should be the catalyst for the price to move to around 28 cents.

As you're aware, the company have appointed an experienced Sales Executive to drive the Revenue up. This should translate into newer contracts coming on board.

Fingers crossed that everything's unfolds as we envisage. This stock does have HUGE potential and it's just a question of being patient now that things are falling into place.

Cheers WhitHawkers
 
sunnypebbles said:
As you're aware, the company have appointed an experienced Sales Executive to drive the Revenue up. This should translate into newer contracts coming on board.
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:xyxthumbs

Entry made today.
Ear to the ground, rumblings heard.
Regret not being in a few weeks ago or so around 5 cent mark. :confused:
With the US elections, hopefully a contract or 2 strikes.

Will be nice if @craigj gets the win in the September comp.
 
https://www.asx.com.au/asxpdf/20200728/pdf/44kwnhny6tfypp.pdf
After such a nice (not much dollar value however but a good sign), why WHK dropped by 10 percent on Friday ?
Would Monday reveal something ?
did look back and realised to have bought on IPO (24 Nov 2017) and rejected the rights at 4.2 cents back in 2018 - out of disgust than any thing else with 20 cents invested on shares (if I am not wrong in recollecting). Almost dropped any hope with WHK until recently .
 
23 September 2020
WhiteHawk Cyber Risk Scorecard Product Line Now 100% Automated
Platform Services & Scorecard Now Include New Cyber Security Model
Highlights
• WhiteHawk incorporates and automates the new U.S. Department of Defense
Cybersecurity Maturity Model Certification (CMMC) mapping into their online client
services and Cyber Risk Scorecard
• WhiteHawk development team automates Cyber Risk Scorecard production 100% as a
foundational element of all WhiteHawk Product Lines & Client deliverables
• Product Line advancements enable increased scaling and speed to delivery of all current
and future clients
• WhiteHawk is one of the first Cyber Risk platforms to automate the Path to CMMC by
providing a documented baseline, online maturity model and virtual consult across the
Defense Industrial Base (DIB)
• Current DIB client, is leveraging this approach in support of an initial 700+ DIB Suppliers
and Vendors
 
Whitehawk recent announcement that now 100% automation enables increased scaling and delivery of product. With US elections coming up good chance to receive more interest
 
I have mixed feelings about being a “second set of expert eyes”. Mainly, because it doesn't answer or solve anything, merely alert Houston there is a problem. Which necessitates finding a solution from elsewhere.
 
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