3QFY22 Results. Revenue totaled $66.4 million, up from $61.6 million in 3Q21. The short-term FEMA business has been completed, with the increase in the quarter's revenues due to expanded work across the Company's existing contracts. Earnings were $4.9 million, or $0.34 per diluted share, compared to $2.9 million, or $0.21 per diluted share last year. EBITDA was $9.0 million, or 13.5% of revenue, compared to $7.0 million and 11.3% last year. We had projected revenue of $67 million, EBITDA of $7.0 million, and EPS of $0.23.Debt Paydown Continues. During the quarter, DLH reduced the outstanding term loan to $28.5 million from the $37.5 million at the end of March. Mandatory principal amortization on the loan has now been satisfied. We expect debt reduction to continue to be a focus of management, all else being equal. With the rapid paydown, additional M&A, which remains a key aspect of the Company's growth strategy, may move to the forefront. Read More >>