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DLH revenue up 13%

December 11 2013

DLH Holdings Corp. (NASD: DLHC), a provider of healthcare and logistics staffing and services to the federal government, reported revenue rose 12.7 percent to $14.0 million in its fiscal fourth quarter ended Sept. 30 from $12.5 million in the fourth quarter of the previous fiscal year.

Gross margin at the Atlanta-based company improved to 14.0 percent from 9.2 percent in the year-ago quarter. DLH reported the gross profit rate benefited from improved contract performance and effective cost management.

DLH reported net income of $9,000 in the fourth quarter compared with a net loss of $354,000 in the year-ago quarter.

Full-year revenue rose 8.8 percent to $53.5 million. DLH posted a net loss of $159,000 in fiscal year 2013 compared to a net loss of $2.0 million in the previous fiscal year 2012.

DLH in October regained listing compliance with Nasdaq after receiving notices in both January and May 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.

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