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View All NewsDLH revenue rises with Danya acquisition, organic growth is 5%
DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and solutions to the federal government, reported revenue rose 57.7% in its fiscal first quarter ended Dec. 31. The company attributed the increase primarily to the May acquisition of Danya International LLC and the continued expansion on existing contract vehicles. Organic growth was 5%.
The company also announced that it brought Helene Fisher on board to serve as president of DLH Danya.
| (US$ thousands) | Q1 2017 | Q1 2016 | |
| Revenue | $26,111 | $16,559 | 57.7% |
| Gross margin | $5,811 | $2,917 | 99.2% |
| Gross margin percentage | 22.3% | 17.6% | |
| Net income/loss | $324 | -$116 | NA |
Quote
“Given the current market environment — including a freeze on government hiring — we believe that demand for federal government outsourced expertise across key areas in the healthcare, IT and veterans’ space will benefit DLH in the quarters and years to come,” said President and CEO Zach Parker.
Share price and market cap
Shares in DLH were unchanged at $5.95 in late-morning trading. DLH has a market cap of $66.89 million, according to Yahoo.