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DLH Holdings revenue up, net income little changed

February 05, 2015

DLH Holdings Corp. (NASD: DLHC), an Atlanta-based provider of healthcare and logistics staffing and solutions to the federal government, reported revenue rose 8.3% in its fiscal first quarter ended Dec. 31. Gross margin also improved, but net income edged up only 0.8%.

The company’s largest customer is the Department of Veterans Affairs, which provided 97% of revenue in the fiscal first quarter.

(US$ thousands) Q1 2015  Q1 2014 % growth
Revenue $15,682 $14,477 8.3%
Gross margin $2,533 $2,112 19.9%
Gross margin percentage 16.2% 14.6%  
Net income $134 $133 0.8%

Quote

“Our results reflect our strategy to expand our business within our key customer base and in adjacent markets, principally in healthcare, with emphasis on telehealth,” said President and CEO Zach Parker.

Share price and market cap

Shares in DLH fell 4.56% to $2.16 in early afternoon trading; DLH has a market cap of approximately $20.78 million, according to Yahoo!