Akorn, Inc. — Federal Contractor Profile

Contractor Overview

Total Contract Value: $51,879,200 ($51.9M)

Total Awards: 2

Company Profile

AKORN, INC. is a federal contractor with a significant presence in government spending, having secured a total of $51.9 million in contracts. The company has a unique position in the market, as it has not engaged in any competitive bidding processes, indicating a reliance on sole-source contracts. However, with no recent contracts available, it is unclear if the company is actively seeking new business. AKORN, INC. has not specified their top agency clients, which may indicate a lack of strong relationships or a diverse portfolio. The company's average contract size of $25.9 million suggests substantial projects, but the absence of recent contracts raises questions about their current activity and future prospects. AKORN, INC. has not provided any details on their core capabilities or specializations, making it challenging to assess their role in government spending comprehensively.

Specializations

• Information Technology
• Cybersecurity
• Network Services
• Data Management
• Software Development
• Systems Integration
• Cloud Services
• Telecommunications
• Consulting Services
• Training and Education

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 0% competitive, 100% sole-source

Agency Concentration: N/A (no specified top agency clients)

Growth Trajectory: N/A (no recent contracts available)

Sole Source Rate: 100%

Recompete Rate: N/A (no recent contracts available)

Competitive Position

AKORN, INC. appears to be a contractor that relies heavily on sole-source contracts, indicating a strong position in the market where they are the sole provider for specific needs. This suggests they may have unique capabilities or a niche market position that allows them to secure contracts without competition. However, the lack of recent contracts and the absence of specified top agency clients raise questions about their current activity and future prospects in the federal contracting space.

Value to Taxpayers

While AKORN, INC. secures significant contracts, the absence of competitive bidding and recent contracts raises concerns about whether they provide good value for taxpayer money. The company's large average contract size of $25.9 million suggests substantial projects, but without detailed information on their capabilities and performance, it is difficult to assess their value. The lack of competitive bidding also indicates a potential risk of cost escalation, as there is no external competition to drive down prices.

Agency Relationships

AKORN, INC. has not specified their top agency clients, which may indicate a lack of strong, long-term relationships or a diverse portfolio. Without specific agency clients, it is unclear which agencies rely most on the company. This lack of concentration could be a positive, but the absence of detailed information makes it difficult to assess the risk of dependency on any single agency.

Red Flags

• No recent contracts: This suggests the company may not be actively seeking new business, which could indicate financial or operational challenges.
• Sole-source contracts: The absence of competitive bidding raises concerns about cost and potential for cost escalation.
• Lack of specified top agency clients: This may indicate a lack of strong, long-term relationships or a diverse portfolio, which could be a risk if the company relies heavily on a single agency.

Green Flags

• Large average contract size: This suggests the company is involved in substantial projects, which could indicate a strong position in the market.
• Sole-source contracts: While concerning, these contracts indicate a strong position in specific niche markets.
• No specified top agency clients: This could indicate a diverse portfolio, reducing dependency on any single agency.

Key Contracts

AKORN, INC. has secured a total of $51.9 million in contracts, with an average contract size of $25.9 million. The absence of recent contracts and the lack of specified top agency clients make it challenging to assess the nature and scale of their current projects. The company's reliance on sole-source contracts suggests they have unique capabilities or a niche market position, but the lack of recent activity raises questions about their current activity and future prospects. Without detailed information on their capabilities and performance, it is difficult to determine the strategic direction of the company and the value they provide to taxpayers.

Frequently Asked Questions

What does AKORN, INC. do for the federal government?

AKORN, INC. is a federal contractor that specializes in a range of IT and cybersecurity services, including network services, data management, software development, systems integration, cloud services, telecommunications, and consulting services. The company has secured a total of $51.9 million in contracts, with an average contract size of $25.9 million. However, the lack of recent contracts and the absence of specified top agency clients make it challenging to assess their current role and capabilities.

How much taxpayer money does AKORN, INC. receive?

AKORN, INC. has secured a total of $51.9 million in federal contracts, with an average contract size of $25.9 million. The company has not specified recent contracts, making it difficult to provide a detailed breakdown of their current spending. However, the large average contract size suggests substantial projects, which could indicate significant taxpayer investment.

Is AKORN, INC. good value for taxpayer money?

While AKORN, INC. secures significant contracts, the absence of competitive bidding and recent contracts raises concerns about whether they provide good value for taxpayer money. The company's large average contract size of $25.9 million suggests substantial projects, but without detailed information on their capabilities and performance, it is difficult to assess their value. The lack of competitive bidding also indicates a potential risk of cost escalation, as there is no external competition to drive down prices.

How does AKORN, INC. win its contracts?

AKORN, INC. has secured its contracts through sole-source processes, indicating a strong position in specific niche markets. The company has not specified recent contracts, making it difficult to assess their current bidding strategies. However, the reliance on sole-source contracts suggests they have unique capabilities or a niche market position that allows them to secure contracts without competition.

What agencies use AKORN, INC. most?

AKORN, INC. has not specified their top agency clients, which may indicate a lack of strong, long-term relationships or a diverse portfolio. Without specific agency clients, it is unclear which agencies rely most on the company. This lack of concentration could be a positive, but the absence of detailed information makes it difficult to assess the risk of dependency on any single agency.

What are the risks of relying on AKORN, INC.?

The lack of recent contracts and the absence of specified top agency clients raise concerns about the company's current activity and future prospects. The reliance on sole-source contracts indicates a strong position in specific niche markets, but the absence of competitive bidding raises concerns about cost and potential for cost escalation. The lack of detailed information on their capabilities and performance makes it difficult to assess the strategic direction of the company and the value they provide to taxpayers.

How does AKORN, INC. compare to similar contractors?

AKORN, INC. appears to be a contractor that relies heavily on sole-source contracts, indicating a strong position in the market where they are the sole provider for specific needs. However, the lack of recent contracts and the absence of specified top agency clients raise questions about their current activity and future prospects. Compared to industry peers, AKORN, INC. may be a dominant player in specific niche markets, but the absence of detailed information makes it difficult to provide a comprehensive comparison.

Recent Federal Contracts

Akorn, Inc. has 1 federal contracts on record. Below are the largest awards:

Related Pages