DLH Holdings Corp. Files 2024 Annual Report

TL;DR

DLH Holdings Corp. filed its 2024 10-K, check financials for FY ending 9/30/24.

AI Summary

DLH Holdings Corp. filed its 10-K for the fiscal year ending September 30, 2024, reporting on its financial performance and business operations. The company, previously known as Digital Solutions Inc. and Teamstaff Inc., is incorporated in New Jersey and headquartered in Atlanta, Georgia. The filing details its financial position and strategic outlook for the upcoming fiscal year.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of DLH Holdings Corp.'s financial health and operational performance for the fiscal year 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard annual financial filing with no immediate red flags or urgent disclosures.

Key Players & Entities

• DLH Holdings Corp. (company) — Filer of the 10-K report
• Digital Solutions Inc. (company) — Former name of DLH Holdings Corp.
• Teamstaff Inc. (company) — Former name of DLH Holdings Corp.
• 2024-09-30 (date) — Fiscal year end date
• 2024-12-04 (date) — Filing date

FAQ

Key Financial Figures

• $139.9 million — gistic services represent approximately $139.9 million and $138.8 million of revenues for the
• $138.8 million — resent approximately $139.9 million and $138.8 million of revenues for the years ended Septemb
• $200.0 million — , 2024. The IDIQ has a ceiling value of $200.0 million and a maximum period of performance thr
• $40.4 million — ort of its Head Start program generated $40.4 million and $36.0 million of revenues for the y
• $36.0 million — art program generated $40.4 million and $36.0 million of revenues for the years ended Septemb
• $690.3 m — 30, 2024, our backlog was approximately $690.3 million, of which $155.1 million was fund
• $155.1 million — approximately $690.3 million, of which $155.1 million was funded backlog. On September 30, 20
• $704.8 m — . On September 30, 2023 our backlog was $704.8 million, of which $169.9 million was fund
• $169.9 million — ur backlog was $704.8 million, of which $169.9 million was funded backlog. We define backlog

Filing Documents

• dlhc-20240930.htm (10-K) — 1178KB
• revisedinsidertradingpol.htm (EX-19) — 55KB
• exhibit21.htm (EX-21) — 6KB
• ex23wsbconsent.htm (EX-23) — 3KB
• ex311certificate.htm (EX-31.1) — 23KB
• ex312certificate.htm (EX-31.2) — 23KB
• ex321certificate.htm (EX-32) — 10KB
• revisedinsidertradingpol001.jpg (GRAPHIC) — 57KB
• revisedinsidertradingpol002.jpg (GRAPHIC) — 178KB
• revisedinsidertradingpol003.jpg (GRAPHIC) — 269KB
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• revisedinsidertradingpol012.jpg (GRAPHIC) — 271KB
• revisedinsidertradingpol013.jpg (GRAPHIC) — 290KB
• revisedinsidertradingpol014.jpg (GRAPHIC) — 236KB
• revisedinsidertradingpol015.jpg (GRAPHIC) — 179KB
• revisedinsidertradingpol016.jpg (GRAPHIC) — 45KB
• revisedinsidertradingpol017.jpg (GRAPHIC) — 65KB
• 0000785557-24-000067.txt ( ) — 11922KB
• dlhc-20240930.xsd (EX-101.SCH) — 45KB
• dlhc-20240930_cal.xml (EX-101.CAL) — 110KB
• dlhc-20240930_def.xml (EX-101.DEF) — 124KB
• dlhc-20240930_lab.xml (EX-101.LAB) — 612KB
• dlhc-20240930_pre.xml (EX-101.PRE) — 414KB
• dlhc-20240930_htm.xml (XML) — 863KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 9 Item 1B. Unresolved Staff Comments 22 Item 2.

Properties

Properties 24 Item 3.

Legal Proceedings

Legal Proceedings 24 Item 4. Mine Safety Disclosure 24 PART II Item 5. Market For the Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities 25 Item 6.

Selected Financial Data

Selected Financial Data 25 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 33 Item 8.

Financial Statements and Supplemental Data

Financial Statements and Supplemental Data 34 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 56 Item 9A.

Controls and Procedures

Controls and Procedures 56 Item 9B. Other Information 57 Item 9C . Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 57 PART III Item 10. Directors, Executive Officers and Corporate Governance 58 Item 11.

Executive Compensation

Executive Compensation 58 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 58 Item 13. Certain Relationships and Related Transactions, and Director Independence 58 Item 14. Principal Accountant Fees and Services 58 PART IV Item 15. Exhibits and Financial Statement Schedules 58 Item 16. Form 10-K Summary 60 2 PART I

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Certain information included or incorporated by reference in this document may not address historical facts and, therefore, could be interpreted to be "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995 and other federal securities laws. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including projections of financial performance; statements of plans, strategies and objectives of management for future operations; any statement concerning developments, performance or industry rankings relating to products or services; any statements regarding future economic conditions or performance; any statements of assumptions underlying any of the foregoing; and any other statements that address activities, events or developments that DLH Holdings Corp and its subsidiaries ("DLH" or the "Company" and also referred to as "we," "us" and "our") intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements may be characterized by terminology such as "believe," "anticipate," "expect," "should," "intend," "plan," "will," "estimates," "projects," "strategy" and similar expressions. These statements are based on assumptions and assessments made by the Company's management in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes to be appropriate. Any such forward-looking statements are not guarantees of future performance (financial or operating), and actual results, developments and business decisions may differ materially from those envisioned by such forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties that include but are not limited to the following: the failure to achieve the anticipated benefits of our recent acquisition or any

BUSINESS

ITEM 1. BUSINESS Overview and Background DLH Holdings Corp. ("DLH") delivers improved health and readiness solutions for federal government customers through digital transformation and cyber security, science research and development, and systems engineering and integration. We bring a unique combination of government sector experience, proven methodology, and unwavering commitment to solve the complex problems faced by civilian and military customers alike, doing so by leveraging multiple capabilities, including cyber technology, artificial intelligence, advanced analytics, cloud-based applications, and telehealth systems. Competitive Advantages We believe we are advantageously positioned within our markets through a number of features including, but not limited to: highly credentialed workforce; predominantly performing as the prime contractor; strong past performance record across our government contracts; and strong bipartisan support for our key contracts. We have invested in leading credentials and capabilities that we expect will deliver value to our customers. These investments include the development of secure Information Technology ("IT") platforms; sophisticated data analytic tools and techniques; and implementation process improvement and quality assurance programs and techniques. We are actively pursuing additional credentials that will support our customers' ever-evolving missions. 3 Solutions and Services We primarily focus on improved deployment of large-scale health and defense initiatives for multiple agencies within the federal government, including the Department of Health and Human Services ("HHS"), the Department of Veterans Affairs ("VA"), Department of Defense ("DoD"), and many of their sub-agencies. We deliver services primarily through prime contracts awarded by the federal government through competitive bidding processes. We have a diverse mix of contract vehicles with various agencies of the federal government, which su

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View this 10-K filing on SEC EDGAR