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Wednesday, October 16, 2019
DLH Holdings Corp. (DLHC)
Announces Preliminary Results for FY19
DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offer services to several government agencies which include the Department of veteran affairs, Department of health and human services, Department of defense and other government agencies. It operates primarily through prime contracts and also derives its revenue from agencies of the federal government, primarily as a prime contractor but also as a subcontractor to other Federal prime contractors.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- FY19 Results. Yesterday, DLH announced preliminary results for FY19 ended September 30th. Revenues are projected to be approximately $159 million, including $24 million from Social and Scientific Systems. This is slightly above our full year revenue estimate of $157.2 million. With 9-month revenue of $106.2 million, this implies 4Q revenue of $52.8 million.
- S3 Performing Well. S3 appears to have had a solid 4Q generating revenue of approximately $19.5 million. Management does not comment on…
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This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
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