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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) announced that its subsidiary, Social & Scientific Systems, Inc., secured an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract with the National Cancer Institute (NCI). This contract allows DLH to support cancer research in various task areas including study management and biospecimen activities, with a potential ceiling of $320 million over ten years. The contract replaces previous NCI agreements and positions DLH to enhance its public health missions, particularly in cancer prevention and research.
DLH Holdings Corp. (NASDAQ: DLHC) announced a new contract with the National Institute of Environmental Health Sciences (NIEHS) to provide statistical, mathematical, and computational support. This award, valued at approximately $13 million, spans one year with four additional one-year options. DLH will deliver software programming, research support, and data visualization focusing on areas like carcinogenesis and toxicology. The contract continuation highlights DLH's strong partnership with NIEHS, showcasing its expertise in public health and scientific research.
DLH Holdings Corp. (NASDAQ: DLHC) announced an award of an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract with the Department of Defense. This contract involves health-related research and support services, focusing on medical simulation, infectious diseases, and battlefield healthcare. It has a potential total ceiling of $10 billion over five years, with task orders to be competed as needed. The initiative aligns with DLH's expertise in digital transformation and medical research, positioning the company to enhance military health readiness.
DLH Holdings Corp. (NASDAQ: DLHC) reported a strong fiscal second quarter for 2022, achieving revenue of $108.7 million, a significant increase from $61.5 million in Q2 2021. This growth was primarily driven by two FEMA contracts worth approximately $39.8 million. Earnings were $7.2 million or $0.50 per share, up from $2.6 million or $0.19 per share year-over-year. The company reduced term debt to $37.5 million and reported a backlog of $554.7 million. Management remains optimistic about future opportunities and ongoing debt repayment.
DLH Holdings Corp. (NASDAQ: DLHC) announced on April 21, 2022, the awarding of a new contract to provide ongoing support to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK). This contract has a total value of approximately $14 million and includes a base period of one year with four optional extensions. DLH will assist in epidemiological research, statistical programming, and data analysis related to chronic diseases. The company emphasizes its commitment to improving public health through its partnership with NIDDK.
DLH Holdings Corp. (NASDAQ: DLHC) will announce its fiscal second quarter financial results for the period ending March 31, 2022, on May 4, 2022, after market close. Following this, a conference call is scheduled for May 5, 2022, at 11:00 a.m. ET, where senior management will discuss the financial results and operational trends, followed by a Q&A session. Interested parties can listen in by calling 888-347-5290 or 412-317-5256. More details and presentation materials will be available on the Investor Relations section of DLH's website.
DLH Holdings Corp. (NASDAQ: DLHC) announced its participation in the 18th Annual Microcap Investor Conference hosted by Noble Capital on April 20-21, 2022, in Miami, Florida. Management will present via webcast at 10:00 a.m. Eastern Time on April 20. Institutional investors interested in one-on-one meetings can contact DLH investor relations for assistance. DLH specializes in healthcare and human services for the federal government, focusing on improving health solutions through innovative methods and technology.
DLH Holdings Corp. (NASDAQ: DLHC) has achieved ISO 27001 certification, affirming its dedication to top-tier information security and data management services. This certification reflects that DLH's information security management system adheres to the stringent ISO/IEC 27001:2013 standards, which is essential for its Infinibyte® Cloud platform. The certification follows a thorough audit, indicating robust risk controls and management processes. DLH aims to enhance its federal customers' confidence in their cloud-based solutions, crucial for meeting current government requirements.
DLH Holdings Corp. announces that its Infinibyte® Cloud secure data analytics solution has received FedRAMP authorization, highlighting compliance with enhanced federal data security requirements. This approval, granted by the General Services Administration, reassures federal agencies of Infinibyte® Cloud’s rigorous security assessment. According to CEO Zach Parker, this authorization opens up significant opportunities for DLH in both civilian and military sectors.
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