DLH Holdings Corp. provides science research and development, systems engineering and integration, digital transformation, and cybersecurity solutions for federal government customers. Its news commonly covers financial results, operating trends, cash flow, debt reduction, backlog, and the impact of federal contracting conditions on revenue.
Company updates also focus on health and national security missions, including work for agencies such as NIH, HHS, VA, DoD, and related sub-agencies. Recurring themes include information technology task orders, enterprise systems management, cloud computing, software development, telehealth systems, artificial intelligence, advanced analytics, and cybersecurity certifications such as CMMC Level 2.
DLH Holdings Corp. (NASDAQ: DLHC) reported strong financial results for its fiscal second quarter ending March 31, 2020. Revenue surged to $54.8 million, up from $33.8 million year-over-year, driven by the Social & Scientific Systems acquisition. Operating income also rose to $3.8 million, with net income increasing to $2.1 million or $0.16 per diluted share. The company generated significant operational cash flow and aims to reduce debt, currently at $55 million. However, the Department of Veteran Affairs canceled a key procurement activity impacting future contracts.