Whitehawk Quarterly Report June 30 2020

Whitehawk Limited (ASX:WHK), the first global online Cyber Security exchange enabling businesses of all sizes to take smart action against Cyber Crime, is pleased to provide an update on its progress for the second quarter 2020.

 

Highlights

  • Collected US$314K relating to sales receipt from customers

  • Invoicing for the 2nd quarter 2020 is US$502K, matching the US$516K in invoicing for the 1st quarter 2020

  •  Reduced cash burn in second quarter 2020 over first quarter 2020 by US$150K

  • WhiteHawk finishes the 2nd quarter with a strong cash position of US$1.5M and a

    strong pipeline of sales contracts

  • Building upon phase 1 of current contract with U.S. Department of Homeland Security (DHS) CISA, as sub-contractor to Guidehouse (formerly PWC Federal), Phase 2 is scoped for kick-off October 2020 to develop, test and refine the QSMO Cybersecurity Marketplace

  • Refined scope for first sole source U.S. Federal Government CIO Cyber Risk Radar contract, across 150 Suppliers and options for additional 150 suppliers a year, for a base year and 4 option years (delayed from 2019)

Click here to download the full report here.

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