DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and solutions to the US government, reported revenue rose 5.6% in its fiscal first quarter ended Dec. 31, due primarily to program management initiatives and expansion on existing contracts.

The Atlanta-based firm also reported gross margin benefited from higher revenue and improved performance on contracts.

DLH reported a net loss of $116,000 in the first quarter, attributable to $600,000 in other expense related to potential acquisition activities, partially offset by $400,000 million income from operations and an income tax benefit of $100,000.

Quote

“While we will continue to focus on executing our core business and growing the company organically, we will also look to pursue opportunities to accelerate our growth through strategic acquisitions,” said President and CEO Zach Parker.” We are optimistic about our ability to do both, and are looking forward to 2016 being a transformational year for DLH Holdings.”

Share price and market cap

Shares in DLH fell 8.53% to $3.11 in early afternoon trading today and DLH has a market cap of approximately $30.22 million, according to Yahoo!