DLH Holdings Corp. (NASD: DLHC) reported revenue rose 16.6 percent to 15.7 million in its fiscal third quarter ended June 30. The increase in revenue resulted primarily from new business awarded in 2013 and 2014, as well as expansion on current programs, according to the company.

Gross margin was flat at 14.7 percent; improved contract performance was partly offset by increased workers compensation costs.

The Atlanta-based firm provides healthcare, logistics and emergency response staffing to federal government operations.

Quote
“Our operating performance in the third quarter improved across the board compared to third quarter of 2013 with increases in revenue, gross margin, operating income and adjusted EBITDA,” said President and CEO Zach Parker. “We continue to benefit from our strong position in the healthcare and pharmaceutical services business with organic growth while our new business is delivering higher margins consistent with our long-range strategy. We will continue to leverage excellent program performance and our much improved balance sheet to deliver growth and greater value for our shareholders.”

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Share price and market cap
Shares in DLH fell 8.33 percent to $1.87 in early afternoon trading and DLH has a market cap of approximately $17.96 million, according to Yahoo!