• Recognized US$2.1M revenue in 2024
• Ended 2024 with US$1.1M cash balance
• Renewed major contract with Global Social Media Company for US$2.4M

WhiteHawk Ltd, the first global online cyber security exchange, has provided its preliminary final report for the year ended 31 December 2024. The company recognized US$2.1M in revenue in 2024, a 15.6% increase from the previous year. The reported revenue does not include US$801K in unearned revenue already invoiced in 2024, nor a US$2.4M related contract signed in December 2024 to be delivered between January 2025 and December 2026. WhiteHawk ended 2024 with a cash balance of US$1.1M. The US$1.8M loss after income tax includes non-cash expenditures for depreciation, share-based payments, and finance expenses. Key highlights include the renewal of a 2-year, US$2.4M contract with a global social media company, the delivery of Phase 1 of an R&D platform for the Norwich University Applied Research Institute, and the response to several request for proposals, including a US$500K cybersecurity services contract with the State of Ohio and a 3-year cyber-supply chain risk management contract with the City of Atlanta. The company also completed a paid pilot with the University of South Florida for its Cyber Risk Analyst Platform-as-a-Service and is working on new client opportunities in various sectors.

WhiteHawk is proud to collaborate with the University of South Florida to provide hands-on cybersecurity internships through its Cyber Risk Analyst Platform-as-a-Service. This program aims to address key challenges faced by state and local entities, such as resource constraints, compliance burdens, and outdated approaches, by offering automated cyber risk monitoring, risk mitigation services, data-driven insights, and continuous improvement. The initiative aims to develop 360-degree cyber talent, enhance infrastructure resilience, reduce compliance burdens, and prevent cyber attacks.