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View All NewsDLH revenue rises 7% on organic basis
DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and solutions to the federal government, reported revenue rose 7% on an organic basis in its fiscal second quarter ended March 31. On a reported basis, revenue rose 76.6%; the company attributed the top-line growth primarily to the May 2016 acquisition of Danya International LLC and the expansion of services on existing contract vehicles.
DLH in March secured a US Navy’s Clinical Preceptorship Program contract from the US Navy. The base contract with options has a total value to DLH of $6.5 million.
| (US$ thousands) | Q2 2017 | Q2 2016 | |
| Revenue | $29,905 | $16,934 | 76.6% |
| Gross margin | $6,401 | $3,224 | 98.5% |
| Gross margin percentage | 21.4% | 19.0% | |
| Net income | $979 | $337 | 190.5% |
Quote
“We generated $2.2 million of operating cash this quarter and paid down $0.9 million of our senior debt, leaving the company’s balance sheet in the best shape since our acquisition of Danya last year,” President and CEO Zach Parker said.
Share price and market cap
Shares in DLH fell 2.08% to $4.70 in late-morning trading. DLH has a market cap of $52.84 million, according to Yahoo.