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DLH Holdings Corp. (NASDAQ: DLHC) is a leading provider of technology-enabled business process outsourcing and program management solutions in the United States. The company leverages digital transformation, artificial intelligence, analytics, cloud-based applications, and telehealth systems to support large-scale federal health and human services initiatives. DLH's mission is to be the most trusted provider of technology-enabled healthcare and public health services, medical logistics, and readiness enhancement services to those securing the freedom of our nation, veterans, and underserved communities.
DLH delivers professional healthcare and public services to several government agencies, including the U.S. Departments of Defense, Health and Human Services, and Veterans Affairs. The company is engaged in key areas such as defense and veterans health solutions, human services and solutions, and public health and life sciences. With more than 3,200 employees working across 30 states, DLH brings a unique combination of government sector experience and commitment to innovation.
DLH has been recognized by GovWin IQ as a top service provider in the health services spending category. Recently, the company has seen significant growth and further debt reduction, positioning it well for future endeavors. The company continually strives to enhance technology, public health, and cybersecurity readiness through science, technology, cyber, and engineering solutions and services.
One notable achievement is DLH's new award with the National Institute on Drug Abuse (NIDA), valued at approximately $23 million. This contract includes managing the operations of an integrated advanced clinical/research informatics system, supporting the research, design, development, and maintenance of clinical and scientific informatics, and providing IT infrastructure and desktop support. This partnership underscores DLH’s commitment to delivering superb execution and excellence in public health services.
Financially, DLH has reported a positive trajectory with increased income from operations, higher net income, and a robust backlog of projects. For the first quarter of fiscal 2024, the company recorded income from operations of $6.8 million, and net income of approximately $2.2 million, showing significant improvement compared to the previous year. As of the latest updates, the total backlog stands at approximately $736.2 million, signaling strong future performance and continued growth.
DLH Holdings Corp. (NASDAQ: DLHC) is set to release its financial results for the fiscal second quarter ending March 31, 2023, on May 3, 2023, after market hours. A conference call is scheduled for May 4, 2023, at 10:00 a.m. ET, where senior management will discuss the financial results and operational trends, followed by a Q&A session. Interested parties can participate by calling 888-347-5290 or 412-317-5256. Presentation materials will be available on the Investor Relations section of the DLH website prior to the call. A digital recording will be accessible post-call via the same website or by dialing 877-344-7529 with the conference ID 9743329.
DLH is dedicated to enhancing health and national security for federal programs through innovative solutions, employing over 3,200 employees in various sectors including telehealth and AI.
DLH Holdings Corp. (NASDAQ: DLHC) announced a contract award for its subsidiary Grove Resource Solutions LLC to support the Naval Information Warfare Center (NIWC) Atlantic. The contract, valued at $14.6 million, includes a base period of one year with four optional one-year extensions. DLH will provide comprehensive services including cybersecurity hardening, IT imaging management, and supply chain management, enhancing capacity planning and asset tracking for government systems. The contract reinforces DLH's dedication to national security and its partnership with the Navy, focusing on delivering secure and innovative IT solutions.
DLH Holdings Corp. (NASDAQ: DLHC) has elected Judith L. Bjornaas to its Board of Directors during the annual meeting on March 9, 2023. Bjornaas previously served as Executive Vice President and CFO at ManTech International Corporation, bringing extensive experience in government and commercial technology. DLH President & CEO Zach Parker highlighted her leadership as crucial for the company’s growth strategy. Bjornaas expressed enthusiasm about contributing to DLH's innovative technology solutions. Shareholder meeting results will be disclosed in a Form 8-K filing with the SEC and on DLH's investor relations website.
DLH Holdings Corp. (NASDAQ: DLHC) has announced that its subsidiary, Grove Resource Solutions LLC (GRSi), secured a blanket purchase agreement (BPA) to provide IT services to the National Cancer Institute (NCI). The BPA spans five years with an estimated $1.7 billion ceiling. GRSi has previously supported NCI's CBIIT since 2018. Under this agreement, DLH will serve as a prime vendor, offering services such as operations and maintenance, information systems security, and cloud platform management. DLH aims to enhance NCI's research efforts while addressing complex health challenges.
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