DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and solutions to the federal government, reported revenue rose 17.1% in its fiscal third quarter ended June 30. Growth came through expansion of services on existing contract vehicles and the May 2016 acquisition of Danya International LLC. On an organic basis, revenue was up 6%.

Gross margin held steady.

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“Our fiscal third quarter was marked by solid financial results, including top line growth and strong gross margins, even as higher-than-usual bid and proposal activity translated into increased G&A expense,” said President and Chief Executive Officer Zach Parker. “Such business development initiatives leverage our combined capabilities as we focus on larger and more complex opportunities — ones which may ultimately accelerate our overall growth outlook — and so the added investment this quarter was both appropriate and necessary.”

Share price and market cap

Shares in DLH fell 0.87% to $5.70 in late-morning trading. DLH has a market cap of $64.13 million, according to Yahoo.