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WHK - WhiteHawk Limited

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FOR IMMEDIATE RELEASE
6 October 2020
US Federal Government Contract Option Year Renewal for $1.5M USD
Original Contract Awarded in 2017
Highlights
• WhiteHawk awarded option for U.S. Fiscal Year (FY) 2021 as Cyber Sub-Contractor
with a U.S. Federal Government Department
• Original contract won by the Prime is for 7 years (1 year with 6 option years)
• WhiteHawk’s FY2020 Level of Effort was $400K USD
• Work by WhiteHawk commenced 1 October 2020 (FY 2021)

Screenshot_20201007-144033.png
 
must be very busy

The Trading Halt is requested pending the release of the application to the Supreme Court of Western Australia by the Company seeking orders in relation to the Company’s inadvertent failure to lodge cleansing notices under section 708A(5)(e) of the Corporations Act in relation to the following share issues:
a) 12,987,013 shares on 3 July 2020;
b) 3,000,000 shares on 21 August 2020; and
c) 1,562,735 shares on 25 September 2020.
Click to expand...
Tsk tsk
 
Back trading today.

Cyber security across news headlines again.
Statistics showing a disturbing rise of attacks recently.

Should put Whitehawk in good stead for future growth...in a hurry.

Another COVID19 benefactor, IMO.
 
The chart made a nice little retracement to 20c could see it drop a little bit more before rising in a fifth wave.

From quarterly report released yesterday invoicing in 3rd quarter almost doubled that of 2nd quarter 948k v 502k
 
Picked WHK as my top pick for 2021. Reasons are
  • We have seen numerous Cyber attacks last year
  • Governments are starting to spend big on Cyber security
  • WHK plays in this space, is small with much room to grow,
  • CEO of WHK is very well connected to industry and government in US
 
Whitehawk made a large surge into January and hit 46c has since retraced almost 50 % and see it bouncing once it hits 23c

Hasn't had much news lately a good entry point in anticipation of news to come
 
craigj said:
Hasn't had much news lately a good entry point in anticipation of news to come
Click to expand...
Quarterly Activities ( Highlights ? )

• Invoiced US$442K in 2021 up 26% over 1 QTR 2020.
• Collected US$340K relating to sales receipt from customers.
• US$266K in receivables will be collected in April 2021.
• WhiteHawk finishes the 1st quarter of 2021 with a cash position of US$2M and no debt.
• Executing 2nd YR of contract with U.S. Department of Homeland Security (DHS) CISA QSMO Cybersecurity Marketplace, as sub-contractor to Guidehouse (formerly PWC Federal), for $1.5 to $1.8M USD Fiscal Year 2021.
• Completing first year as Prime Contractor on U.S. Federal Government CIO Cyber Risk Radar contract for base year and 4 option years, not to exceed $1.18M USD annually.
• Cyber Risk Program contract renewed for 2nd YR, Phase 1 for $100K via a Global Consulting Firm in direct support of a Global Manufacturer. Phase 2 being scoped for a Cyber Risk Radar across an initial 1,000 suppliers in 2021.
• Responding to 2 Cyber Risk Request for Proposal (RFP) via global consulting group for 2021, one RFP for a Global Sports event and one RFP for a U.S. State Organization.
• Two new Cyber Risk Solution SaaS/PaaS opportunities with a second global consulting firm.
• New Cyber Risk Platform as a Service (PaaS) opportunity discussions with: Top 10 Defense Industrial Base Company for their suppliers; Global Business Credit Risk Manager for their business clients; and Insurance Group for their business clients.
• Starting in May 2021, our Cyber Risk cloud based product lines will be sold on Amazon Web Services (AWS) commercial marketplace Partner Network (APN), allowing WhiteHawk marketing and sales to both industry and government clients without an additional contract vehicle.
• Three Task Orders, expected in 2021 first quarter, now delayed by the new US Administration to 4th QTR 2021 from current U.S. Federal Government Department CIO Contracts.
• Signed partnership agreement with a Global Insurance Group at the end of 2020, with intent to tailor Cyber Risk PaaS for business clients has been delayed due to that company's internal reorganization.

Opportunities and delays

down 18%; now $0.175
 
Dona Ferentes said:
Quarterly Activities ( Highlights ? )

• Invoiced US$442K in 2021 up 26% over 1 QTR 2020.
• Collected US$340K relating to sales receipt from customers.
• US$266K in receivables will be collected in April 2021.
• WhiteHawk finishes the 1st quarter of 2021 with a cash position of US$2M and no debt.
• Executing 2nd YR of contract with U.S. Department of Homeland Security (DHS) CISA QSMO Cybersecurity Marketplace, as sub-contractor to Guidehouse (formerly PWC Federal), for $1.5 to $1.8M USD Fiscal Year 2021.
• Completing first year as Prime Contractor on U.S. Federal Government CIO Cyber Risk Radar contract for base year and 4 option years, not to exceed $1.18M USD annually.
• Cyber Risk Program contract renewed for 2nd YR, Phase 1 for $100K via a Global Consulting Firm in direct support of a Global Manufacturer. Phase 2 being scoped for a Cyber Risk Radar across an initial 1,000 suppliers in 2021.
• Responding to 2 Cyber Risk Request for Proposal (RFP) via global consulting group for 2021, one RFP for a Global Sports event and one RFP for a U.S. State Organization.
• Two new Cyber Risk Solution SaaS/PaaS opportunities with a second global consulting firm.
• New Cyber Risk Platform as a Service (PaaS) opportunity discussions with: Top 10 Defense Industrial Base Company for their suppliers; Global Business Credit Risk Manager for their business clients; and Insurance Group for their business clients.
• Starting in May 2021, our Cyber Risk cloud based product lines will be sold on Amazon Web Services (AWS) commercial marketplace Partner Network (APN), allowing WhiteHawk marketing and sales to both industry and government clients without an additional contract vehicle.
• Three Task Orders, expected in 2021 first quarter, now delayed by the new US Administration to 4th QTR 2021 from current U.S. Federal Government Department CIO Contracts.
• Signed partnership agreement with a Global Insurance Group at the end of 2020, with intent to tailor Cyber Risk PaaS for business clients has been delayed due to that company's internal reorganization.

Opportunities and delays

down 18%; now $0.175
Click to expand...
Price down due to what? Report was all good apart from a delay. Oversold?
 
WHK I thought the quarterly report was positive with $2 million US in cash and no debt
plenty of active contracts and some delayed
 
Another positive quarterly report. Yet sold down in last hour of trade to 16.5c looks a good entry point considering the daily high for the last 7 days has been above 20c
 
Quiet month on the Whitehawk front. Still waiting for a significant new contract
Investor presentation looks good hopefully it translates to some news
 
things very silent on whitehawk
shares took a tumble this month hoping for news of a deal to return share price to levels of a month ago
 
IMO, the chart looks primed and ready to go, just waiting on a catalyst.

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Could be an impending catalyst.
No guarantees express or implied...?
From recent announcements.

“Completed successful Cyber Risk Radar Proof of Concept with global social media company and currently finalizing Master Services Agreement for a Cyber Risk Radar contract for that company starting in first quarter 2022.”

Disclosure, held. Purchased with the expensive "broker" that I have great disdain for...

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