Business
Why the WhiteHawk (ASX:WHK) share price is crashing 8% lower
The WhiteHawk Ltd (ASX: WHK) share price crashed lower today as the company announced its preliminary final report.
Shares in the online cybersecurity small-cap were down 7.69%, trading at 30 cents at market close.
Why is the WhiteHawk share price crashing lower?
Shares in the company were trading lower today amid the ASX market-wide sell-off. The fall in WhiteHawk share price may also have been triggered by the company’s report for the year ended 31 December 2020.
During the year, WhiteHawk invoiced for US$2.1 million, recognising US$1.9 million revenue for 2020. This was up 83.5% on the company’s revenue for 2019. However, the increase was not enough to stop the company from posting a loss of US$1.81 million, down 34.2% on…
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