DLH (DLHC) Registration filing summary

Company overview and business model

• Delivers health and readiness solutions for federal government clients, focusing on digital transformation, cybersecurity, science R&D, and systems engineering.

• Services are provided primarily through prime contracts with agencies such as HHS, VA, and DoD, using a mix of contract vehicles.

• Revenue is concentrated in time and materials, firm fixed price, and cost reimbursable contracts.

• Employs approximately 1,000 skilled employees across the U.S., with headquarters in Atlanta, GA.

Financial performance and metrics

• For the six months ended March 31, 2026, total revenue was $128.2 million, down from $180.0 million in the prior year period.

• Major customers: HHS (52.4% of revenue), VA (36.3%), DoD (11.0%).

• Revenue from VA's CMOP program transitioned to SDVOSB contractors as of May 2026, impacting future revenue.

• As of June 4, 2026, market value of outstanding common stock held by non-affiliates was $57.3 million.

Use of proceeds and capital allocation

• Net proceeds will be used for general corporate purposes, including sales, marketing, capital expenditures, working capital, potential acquisitions, and debt repayment.

• Management has broad discretion in the application of net proceeds.