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DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and services to the federal government, reported revenue of $13.0 million in its fiscal second quarter ended March 31, a 3.1-percent increase from $12.6 million in the second quarter of 2012.
Gross margin at the Atlanta-based company rose to 13.6 percent from 10.3 percent in the same quarter in the previous year. CFO Kathryn JohnBull attributed the improvement to a combination of closely monitoring contract performance and stringent cost controls.
DLH reported a net loss of $109,000 in the second-quarter compared with a net loss of $715,000 in the year-ago quarter.
The company received notice from Nasdaq on May 3 that it is out of compliance with listing rules because the closing bid price per share of its common stock for 30 consecutive days fell below the $1 minimum bid price required for continued listing on Nasdaq. Read the story here.
DLH Holdings Corp. (NASD: DLHC)
For the second quarter ended March 31, 2013, as compared with the year-ago period.
Revenue: $13.0 million, +3.1 percent
Net loss: $109,000 vs. net loss of $715,000