The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Joe Gomes - Noble Financial Group Inc - Analyst
: Thanks. Good morning.
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DECEMBER 11, 2025 / 3:00PM, DLHC.OQ - Q4 2025 DLH Holdings Corp Earnings Call
Question: Joe Gomes - Noble Financial Group Inc - Analyst
: Hi. So I want to start off here. A lot of moving parts. The Head Start program, obviously, you guys put out an 8-K that program is transferred
to small business. But you also mentioned there that there is the possibility of a protest. I was wondering if you have protested that.
If so, where are we in that? Or is that now just lost?
Question: Joe Gomes - Noble Financial Group Inc - Analyst
: Okay. And then on CMOP, you mentioned that originally -- you had the four. They transitioned one here at the end of November. They have
two more solicitations out. When do you think your best guess of when the other two awards are made?
And correct me if I'm wrong, but so far, you guys haven't been able to garner any of those even as a subcontractor? Or do you think that
there's a possibility that you would get any of the remaining three that are still out for new awards?
Question: Joe Gomes - Noble Financial Group Inc - Analyst
: Okay.
Question: Joe Gomes - Noble Financial Group Inc - Analyst
: And then you mentioned that you expect to return to your historical gross and EBITDA margins. When do you think we would see that given
where we stand today?
Question: Joe Gomes - Noble Financial Group Inc - Analyst
: And one last one for me. What's the size of the pipeline today?
Question: Joe Gomes - Noble Financial Group Inc - Analyst
: Great. Thanks for taking my questions. I'll get back in queue. Thank you.
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