Movers and SHAKERS
Wednesday, July 22, 2020
DLH Holdings Corp. (DLHC)
New COVID-19 Business; Virtual NDRS
DLH Holdings Corp is a provider of technology-enabled business process outsourcing and program management solutions in the United States. The company offers 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.
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COVID-19 Contracts. Yesterday, DLH announced it recently had been awarded multiple task orders and contracts related to COVID-19 testing and analysis. The new awards are expected to add at least $15 million of incremental revenue, with the majority anticipated in calendar 2020. We estimate the additional revenue could add some $1 million of operating income.
Contract Scope. The task orders encompass the evaluation of various treatment alternatives and the impact of COVID-19 on other chronic conditions, as well as the development of health communication tools to exchange emerging data among numerous scientific stakeholders. These efforts are being ...
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.