Core Insights - DLH Holdings Corp. reported a decline in revenue for Q3 fiscal 2025, totaling $83.3 million compared to $100.7 million in Q3 fiscal 2024, primarily due to small business set-aside transitions and contract adjustments [5][8][11] - The company experienced a reduction in operating income to $3.8 million, with an operating margin of 4.5%, down from 5.7% in the previous year [6][8] - DLH's total debt decreased to $142.3 million as of June 30, 2025, reflecting a $9.4 million reduction during the quarter [11][12] Financial Performance - Revenue for the three months ended June 30, 2025, was $83.3 million, a decrease of approximately $17.4 million year-over-year [5][8] - Net income for Q3 fiscal 2025 was approximately $0.3 million, or $0.02 per diluted share, compared to $1.1 million, or $0.08 per diluted share, in Q3 fiscal 2024 [9][10] - EBITDA for Q3 fiscal 2025 was $8.1 million, representing 9.7% of revenue, down from $10.0 million or 10.0% of revenue in the prior year [10][26] Operational Highlights - The company managed to reduce general and administrative expenses by $1.1 million year-over-year, reflecting effective management of operating costs [6][11] - DLH's contract backlog as of June 30, 2025, was approximately $555.3 million, a decrease from $690.3 million as of September 30, 2024 [12][11] - Interest expense decreased to $3.5 million in Q3 fiscal 2025 from $4.1 million in the prior-year period, attributed to lower outstanding debt [7][11] Strategic Outlook - Management expressed optimism about future growth opportunities, citing expected increases in defense spending and a focus on advanced technologies and public health initiatives [4][3] - The company anticipates a return to robust bid activity and funding across key service areas for fiscal 2026 and beyond [3][4] - DLH is positioned to leverage its capabilities in cybersecurity, digital transformation, and public health to support federal agencies [4][3]

ATLANTA, June 17, 2025 (GLOBE NEWSWIRE) -- DLH Holdings Corp. (NASDAQ: DLHC) (“DLH” or the “Company”), a leading provider of science research and development, systems engineering and integration, and digital transformation and cybersecurity solutions announced today that three DLH solutions developed in collaboration with military health leadership have been named 2025 FORUM Innovation Award winners. Each year, the FORUM Innovation Awards recognize top IT programs nominated and selected by their peers for p ...

Group 1 - The core viewpoint of the news is the issuance of the "Implementation Plan for Supporting the Quality Improvement and Efficiency Enhancement of Technology Enterprises in Xi'an (2025-2027)" by the Xi'an Municipal Government, aimed at strengthening the role of technology enterprises in innovation and enhancing their competitiveness [1][2][3] - By 2027, Xi'an aims to have over 18,000 high-tech enterprises, with more than 3,200 above-scale enterprises, and a total revenue of 1.5 trillion yuan [1][2] - The plan includes support for the growth of technology enterprises, encouraging them to enhance innovation capabilities and develop new products and services [1][2] Group 2 - Xi'an will promote collaborative research among leading enterprises, universities, and research institutions to tackle key technological challenges in priority sectors [2] - The plan emphasizes the development of the technology service industry, supporting the integration of various innovation resources and facilitating technology transactions and results transformation [2] - The government will optimize the development environment for technology enterprises by promoting the application of innovative products and enhancing financial service systems [2][3] Group 3 - The plan introduces differentiated financial incentives for high-tech enterprises based on their scale, aiming to improve the efficiency of fiscal fund utilization [3] - The establishment of 183 innovation platforms in Weinan City is highlighted, which supports regional high-quality development and fills gaps in various innovation resources [4][5] - Weinan's focus on agricultural innovation and the establishment of technology transfer mechanisms are expected to drive significant economic growth [4][5]

Core Points - The Sichuan Provincial Science and Technology Department and the Finance Department jointly issued the "Sichuan Province Technology Innovation Voucher Management Measures (Trial)" which will be implemented from May 20, 2025, for a duration of 2 years [1] - The Sichuan Province Technology Innovation Voucher (referred to as "Provincial Innovation Voucher") is a universal policy tool to support eligible technology-based enterprises in purchasing professional technology services for innovation activities [1] Summary by Sections Eligibility and Conditions - Eligible applicants for the Provincial Innovation Voucher include technology-based enterprises registered within the Sichuan administrative region, such as small and medium-sized enterprises in the national technology database, high-tech enterprises, manufacturing champions, specialized and innovative enterprises, and unicorn companies [1] - Applicants must ensure that the technology services purchased are related to their main business and have no affiliation or equity relationship with the service providers [1] Voucher Issuance and Usage - The Provincial Innovation Voucher will be issued in electronic form directly to enterprises, valid for use across the province, with an annual total cap and a first-come, first-served basis [1] - The vouchers are valid for 3 months from the date of application, and any unused vouchers will expire [1] - Technology-based enterprises using the Provincial Innovation Voucher for purchasing services will receive a subsidy of up to 200,000 yuan per year based on their actual usage [1] Operational Process - The application, usage, and redemption of the Provincial Innovation Voucher will be conducted on the Sichuan Science and Technology Innovation Platform [2] - Technology-based enterprises and service providers must register on the platform, and after approval, they can apply for vouchers, publish service content, and receive payments [2] - After each service is completed, service providers must upload relevant documents to the platform and submit a redemption application, which will be reviewed and publicly announced before payment is made [2][3] - The vouchers can be redeemed immediately upon application, with regular reviews and public announcements, and payments are generally made quarterly [3]