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DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and services to the federal government, reported revenue rose 11.4 percent to $14.5 million in its fiscal first quarter ended Dec. 31 from $13.0 million in the same quarter of the previous fiscal year. The revenue increase is due primarily to new business awarded in 2013 and expansion on current programs, according to the company.
Shares in the Atlanta-based company fell 3.01 percent in early afternoon trading to $2.49.
Gross margin at DLH improved to 14.6 percent from 13.8 percent in the year-ago quarter. DLH reported the gross profit rate benefited from new business awarded in 2013, as well as improved contract performance and cost management.
DLH reported net income of $133,000 in the first quarter compared with a net loss of $128,000 in the year-ago quarter.
DLH has a market cap of approximately $23.9 million, according to Yahoo!