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View All NewsDLH revenue up 12% on expansion of existing business and small, new contract awards
December 06, 2017
DLH Holdings Corp. (NASD: DLHC), an Atlanta-based contractor to the federal government that provides healthcare staffing, reported revenue rose 12.1% in its fiscal fourth quarter ended Sept. 30. The company attributed the top-line growth to the expansion of services on existing contract vehicles throughout the business and small new contract awards.
| (US$ thousands) | Q4 2017 | Q4 2016 | |
| Revenue | $30,390 | $27,120 | 12.1% |
| Gross margin | $7,253 | $6,229 | 16.4% |
| Gross margin percentage | 23.9% | 23.0% | |
| Net income | $1,040 | $2,387 | -56.4% |
Quote
“We surpassed $30 million in revenue for the fourth quarter, up 12% year over year, highlighting the underlying strength of our core healthcare-related services as well as the key federal agencies we serve,” President and CEO Zach Parker said.
Full-year results
| (US$ thousands) | 2017 | 2016 | % growth |
| Revenue | $115,662 | $85,602 | 35.1% |
| Gross margin | $25,850 | $17,826 | 45.0% |
| Gross margin percentage | 22.3% | 20.8% | |
| Net income | $3,288 | $3,384 | -2.8% |
Share price and market cap
Shares in DLH fell 1.79% to $6.05 as of noon Eastern time. The company had a market cap of $71.34 million.