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DLH Holdings revenue up 7%

August 06, 2015

DLH Holdings Corp. (NASD: DLHC), an Atlanta-based provider of healthcare and logistics staffing and solutions to the federal government, reported revenue rose 6.9% in its fiscal third quarter ended June 30, due primarily to contracts awarded in 2014 and expansion of existing contracts.

Net also income increased, due principally to improved gross margin.

(US$ thousands) Q3 2015  Q3 2014 % growth
Revenue $16,781 $15,692 6.9%
Gross margin $3,038 $2,308 31.6%
Gross margin percentage 18.1% 14.7%  
Net income/loss $437 $251 74.1%

Quote

 “We continue to have a strong backlog and have qualified a robust pipeline of new business opportunities, principally in healthcare, with emphasis on telehealth and pharmacy operations management,” President and CEO Zach Parker said. “Given growing healthcare needs, we believe we are well-positioned for continued success.”

Share price and market cap

Shares in DLH fell 0.73% to $2.71 in early afternoon trading and DLH has a market cap of approximately $25.88 million, according to Yahoo!