Quarterly ResultMay 6, 2026, 04:28 PM
DLH Holdings Q1 Revenue $59.3M, Net Loss $(2.5M); 6-Month Loss $(3.9M)
AI Summary
DLH Holdings Corp. reported a significant decline in financial performance for the three and six months ended March 31, 2026. For the three-month period, revenue decreased to $59.3 million from $89.2 million year-over-year, resulting in a net loss of $(2.5) million compared to a net income of $0.9 million in the prior year. The six-month period saw revenue fall to $128.2 million from $180.0 million, leading to a net loss of $(3.9) million, a reversal from a net income of $2.0 million previously. The company also performed a goodwill impairment assessment due to a share price decline, but no impairment was recognized.
Key Highlights
- Net loss for three months ended March 31, 2026: $(2.5) million, or $(0.17) per diluted share.
- Revenue for three months ended March 31, 2026: $59.3 million, down from $89.2 million YoY.
- Net loss for six months ended March 31, 2026: $(3.9) million, or $(0.27) per diluted share.
- Revenue for six months ended March 31, 2026: $128.2 million, down from $180.0 million YoY.
- Net cash used in operating activities for six months: $(0.98) million, compared to $3.0 million provided in prior year.
- Secured term loan balance: $122.0 million as of March 31, 2026.
- Goodwill remained at $138.2 million; no impairment recognized despite triggering event.
- Credit facility amended on November 6, 2024, modifying covenants and reducing revolving line.