DLH Holdings Corporation (NASDAQ:DLHC) Q2 2023 Earnings Conference Call May 4, 2023 10:00 AM ET

Company Participants

Chris Witty - Darrow Associates

Zachary Parker - President, CEO & Director

Kathryn JohnBull - CFO & Treasurer

Conference Call Participants

Joseph Gomes - NOBLE Capital Markets

Operator

Good morning, and welcome to the DLH Holdings Corp's Fiscal 2023 Second Quarter Earnings Conference Call. [Operator Instructions]. This is call is now being recorded. I would now like to turn the conference to Chris Witty, Investor Relations Adviser. Please go ahead.

Chris Witty

Thank you, and good morning, everyone. On the call with me today is Zach Parker, President and Chief Executive Officer; and Kathryn Johnbull, Chief Financial Officer. The company's earnings release and PowerPoint presentation are available on our website under the Investor page. I would now like to provide a brief safe harbor statement, which is also shown on Slide 3 of the presentation. This call may include forward-looking statements that relate to the company's outlook for fiscal 2023 and beyond. These forward-looking statements are subject to various risks and uncertainties that could cause actual results and events to differ materially from these statements.

Please refer to the risk factors contained in the company's annual report on Form 10-K and in our other filings with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statements. On today's call, we will be referencing both GAAP and non-GAAP financial measures. A reconciliation of our non-GAAP results to our reported GAAP results is included in our earnings release and in the investor presentation on DLH's website. President and CEO, Zach Parker, will speak next; followed by CFO, Kathryn JohnBull, after which we'll open it up for questions. With that, I'd now like to turn the call over to Zach. Please go ahead, Zach.

Zachary Parker

Thank you, Chris, and good morning to everyone. Welcome to our 2023 second quarter conference call. We continue to make good progress since last quarter, and we are also remaining on track for a strong fiscal year despite the macroeconomic headwinds in the business. We have a debt of gratitude for the outstanding performance by our workforce that remains committed to our clients' missions and delivering differentiated value on our programs.

Beginning with Slide 4, I'll first provide a high-level overview of our quarter's financial highlights. With GRSI on the recent acquisition under our belt, the second quarter revenue essentially reached $100 million, reflecting our first full quarter of operations post closing. Of course, we have surpassed 100 million mark before during the first 2 quarters of last year due to a large short-term COVID-related FEMA contracts that we had, including the last year. But this year's milestone reflects the ongoing business base that we expect to build upon going forward. The company has substantially expanded our technology-enabled solutions profile, particularly in the areas of health IT, digital transformation and side. This is, of course, consistent with our growth strategy that we have articulated over the years.