WhiteHawk Ltd
(ASX: WHK)Share Price and News
About WhiteHawk
WhiteHawk Ltd, founded in 2017, operates the first online cybersecurity exchange, offering a suite of Software as a Service (SaaS) and Platform as a Service (PaaS) products. These solutions help businesses and organisations of all sizes identify, prioritise, and mitigate cyber risks effectively.
Key offerings include the Cyber Risk Radar, Cyber Risk Program, and Cyber Risk Scorecard, which provide automated and scalable cyber risk assessments and mitigation strategies.
The company's platform serves a diverse client base, including financial institutions, insurance groups, consulting firms, and government agencies, primarily in the United States and Australia.
Whitehawk's Company History
WhiteHawk was established in 2017 by cybersecurity experts Terry Roberts, Luis J. Cruz-Rivera, and Kevin Goodale. The company was created to address the growing need for accessible and effective cybersecurity solutions for businesses and organisations.
Since its inception, WhiteHawk has focused on developing a comprehensive cybersecurity exchange platform that offers a range of services, including cyber risk assessments, threat intelligence, and risk mitigation strategies.
Over the years, WhiteHawk has secured several significant contracts, including multi-year agreements with U.S. government departments and a contract with a major Australian company, Tabcorp, marking its expansion into the Australian market. These milestones have strengthened WhiteHawk's position as a key player in the cybersecurity industry.
From an investor perspective, things have not been as smooth. Shares went on a bull run in 2020 driven by government investments, including a mid-2020 US government contract providing US$580,000 per annum in revenues. But shares declined as the COVID equities boom retreated.
Future Outlook of WhiteHawk (ASX: WHK)
Whitehawk has a major opportunity in cybersecurity. With US$12.5bn in losses a year in the US alone, there is major demand for cyber services. There is also potential for AI to help by automating key deliverables and generating analytics so that workers can focus on the mitigation of those risks.
In CY24, WhiteHawk Ltd reported revenue of US$2.08 million, representing a 15.6% increase from the previous year. The company reports healthy profit margins on its solutions and marketplace transactions. Notably, WhiteHawk secured a two-year contract worth US$2.4 million with a major social media company, commencing in January 2025.
Additionally, the company renewed its Cyber Risk Program contract with Georgetown University for a third year, indicating sustained demand for its services. WhiteHawk's strategic focus on expanding its client base and securing long-term contracts positions it well for future growth.
A challenge will be managing expenses effectively - the company made a US$1.8m loss in 2024. The company will have a major challenge to reach profitability.
Is WHK a Good Stock to Buy?
WhiteHawk may look like a compelling investment opportunity for those seeking growth in the cybersecurity sector. However, it is a non-profitable small cap stock and investors should consider the consequential risks of investing in such companies including potential volatility and limited liquidity.
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As of June 2025, WhiteHawk Ltd's share price is A$0.015.