DHí NYSE: DHX Q2 2024 Investor Presentation August 7, 2024 Forward looking statements This presentation and oral statements made from time to time by our representatives contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You should not place undue reliance on those statements because they are subject to numerous uncertainties a ...

Customer Metrics - As of June 30, 2024, ClearanceJobs had 2,009 recruitment package customers, a decrease of 60 customers or 3% from 2,069 in the prior year[83] - Dice had 5,031 recruitment package customers as of June 30, 2024, a decrease of 976 customers or 16% from 6,007 in the prior year[83] - Average annual revenue per recruitment package customer for ClearanceJobs increased by $3,433, or 16%, while for Dice it increased by $760, or 5%[84] Revenue and Financial Performance - Total revenue for the three months ended June 30, 2024, decreased by $2.7 million, or 7%, compared to the same period in 2023, with ClearanceJobs revenue increasing by $1.0 million, or 8%[91] - For the six months ended June 30, 2024, the company reported revenue of $71.858 million, a decrease from $77.158 million in the same period of 2023, representing a decline of approximately 6.8%[130] - The net income for the six months ended June 30, 2024, was a loss of $569,000 compared to a profit of $333,000 in 2023, indicating a significant downturn in profitability[130] Expenses and Cost Management - Personnel costs and marketing expenditures are the largest components of the company's expenses, impacting overall financial performance[90] - Cost of revenue increased by $0.2 million, or 5%, driven by lower capitalized labor, resulting in a cost of revenue percentage of 14.5% for the three months ended June 30, 2024[92] - Product development expenses rose by $0.6 million, or 14%, from the prior year, accounting for 13.2% of total revenue[93] - Sales and marketing expenses decreased by $2.7 million, or 18%, primarily due to lower compensation-related costs and discretionary marketing expenses[94] - General and administrative expenses decreased by $1.2 million, or 14%, driven by reductions in operational costs and compensation-related costs[95] Operating Income and Profitability - Operating income for the three months ended June 30, 2024, was $2.0 million, with an operating margin of 5.6%, compared to zero operating income in the same period in 2023[99] - Operating income for the six months ended June 30, 2024, was $4.0 million, a margin of 5.5%, compared to $0.5 million and a margin of 0.7% in 2023, an increase of $3.4 million[112] - Adjusted EBITDA for the same period was $17.541 million, an increase from $16.799 million in 2023, reflecting a growth of approximately 4.4%[130] - The Adjusted EBITDA Margin improved to 24% for the six months ended June 30, 2024, compared to 22% in the prior year, indicating enhanced operational efficiency[130] Cash Flow and Capital Expenditures - Cash from operating activities increased by $3.1 million to $11.2 million for the six months ended June 30, 2024, compared to $8.1 million in 2023[121] - Cash used in investing activities decreased to $7.9 million for the six months ended June 30, 2024, from $9.2 million in 2023[122] - Cash used in financing activities was $4.5 million for the six months ended June 30, 2024, driven by $3.0 million of net payments on long-term debt[123] - The company anticipates capital expenditures for the fiscal year ending December 31, 2024, to be approximately $14 million to $16 million, funded by operating cash flows[136] Tax and Interest - The effective tax rate for the three months ended June 30, 2024, was 28.9%, compared to an effective tax rate of 84.2% in the same period in 2023[102] - The effective tax rate for the six months ended June 30, 2024, was 127.3%, compared to 138.8% in 2023[116] - Interest expense and other remained relatively flat at $0.845 million, a decrease of 4% from the prior year[101] - Interest payments on current borrowings are expected to be $1.3 million from July 1, 2024, to December 31, 2024, and $2.7 million in each of 2025 and 2026[133] Investments and Future Outlook - The company continues to invest in new software products and features to attract and engage qualified professionals[88] - Major product releases in 2023 included enhancements to Dice and ClearanceJobs platforms, aimed at improving user engagement and employer connections[89] - The company was in compliance with all financial covenants under the Credit Agreement as of June 30, 2024[133] - The company recorded approximately $1.1 million of unrecognized tax benefits as liabilities, with a possibility of recognizing up to $0.2 million in the next 12 months[135] - The company has no stock repurchase programs as of June 30, 2024, as all previously approved programs have expired[136] Market Conditions - A decrease in the unemployment rate or a labor shortage could lead to increased job postings and positively impact revenues[138] - Historical trends indicate that improvements in labor markets and the need for services generally lag behind overall economic improvements[138] - Market slowdowns can lead to lower demand for recruiting technologists and security cleared professionals, negatively impacting revenues[139]

Financial Performance - Total revenue for Q2 2024 was $35.8 million, a decrease of 7% year over year[2] - Net income was $0.9 million, or $0.02 per diluted share, compared to a net loss of $0.1 million in the same quarter last year[2] - Adjusted EBITDA was $9.0 million, up 3% year over year, with an Adjusted EBITDA Margin of 25%, up from 23% in the prior year[2] - Cash flow from operations increased by 12% to $9.1 million compared to $8.1 million in the year-ago quarter[2] - Revenue for Q2 2024 was $35,833, a decrease of 7% from $38,538 in Q2 2023[21] - Net income for Q2 2024 was $943, compared to a loss of $127 in Q2 2023, representing a significant turnaround[21] - Operating income for Q2 2024 was $2,003, compared to a loss of $29 in Q2 2023[21] - Total operating expenses decreased to $33,830 in Q2 2024 from $38,567 in Q2 2023, a reduction of approximately 12%[21] - Cash flows from operating activities for Q2 2024 were $9,063, up from $8,066 in Q2 2023[23] - The company reported a diluted earnings per share of $0.02 for Q2 2024, compared to no earnings per share in Q2 2023[21] - Total revenue for YTD 2024 was $71,858, a decrease of 7% compared to $77,158 in YTD 2023[30] - YTD net income for 2024 was a loss of $569,000, compared to a profit of $333,000 in YTD 2023[38] - Adjusted EBITDA YTD for 2024 was $17,541,000, compared to $16,799,000 in YTD 2023[38] Revenue Breakdown - ClearanceJobs revenue increased by 8% year over year to $13.3 million, while Dice revenue decreased by 14% to $22.6 million[2] - ClearanceJobs revenue increased by 8% to $13,277 in Q2 2024 from $12,266 in Q2 2023[29] - Dice revenue decreased by 14% to $22,556 in Q2 2024 from $26,272 in Q2 2023[29] - Total bookings for Q2 2024 were $29,987, down 7% from $32,303 in Q2 2023[31] - Average annual revenue per recruitment package customer for Q2 2024 increased to $24,275, a 16% increase from $20,842 in Q2 2023[32] Future Projections - The company expects Q3 2024 bookings to decline by 4% to 6% year over year, with total revenue for the full year projected to decline in the mid single-digit percentage range[4] - The company aims for an Adjusted EBITDA margin of 24% for the full year 2024[4] Assets and Liabilities - Total debt at the end of the quarter was $35.0 million, down $8.0 million from the previous year[2] - Total assets as of June 30, 2024, were $224,385, a slight decrease from $225,202 as of December 31, 2023[25] - Total liabilities decreased to $114,562 as of June 30, 2024, from $117,660 as of December 31, 2023[26] Operational Metrics - The company has 8.5 million technologist profiles and proprietary tech skills mapping tools to support employers in tech hiring[3] - The renewal rate on revenue for ClearanceJobs in Q2 2024 was 96%, up from 90% in Q2 2023[33] - Deferred revenue as of June 30, 2024, was $52,268, reflecting a 5% increase from $49,971 at the end of 2023[34] - The backlog as of June 30, 2024, was $110,305, a 2% increase from $108,097 at the end of 2023[34] - The number of recruitment package customers for ClearanceJobs decreased to 2,009, down 3% from 2,069 in June 2023[34] Non-GAAP Measures - Non-GAAP earnings per share for Q2 2024 was $0.06, consistent with Q2 2023[35] - The company is unable to provide a reconciliation of expected Adjusted EBITDA margin to its nearest GAAP measure due to the unpredictability of certain financial impacts[40] Costs and Expenses - Interest expense for Q2 2024 was $845,000, slightly down from $879,000 in Q2 2023[37] - The company incurred severance and related costs of $223,000 in Q2 2024, compared to $100,000 in Q2 2023[37]

Group 1 - The stock of DHI Group, Inc. (DHX) is experiencing significant attention due to high implied volatility in the options market, particularly the Aug 16, 2024 $1 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in DHI Group's stock price, potentially due to an upcoming event [2] - DHI Group currently holds a Zacks Rank 3 (Hold) in the Internet - Content industry, which is in the bottom 41% of the Zacks Industry Rank, with recent earnings estimates being revised downward [3] Group 2 - The high implied volatility surrounding DHI Group may indicate a developing trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility [4] - The strategy of selling premium is commonly used by seasoned traders to capture decay, with the expectation that the underlying stock will not move as much as initially anticipated by the market [4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ______________________________________________ OR ☐ TRANSITION PERIOD PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-33584 DHI Group, Inc. (Exact name of Registrant as specified i ...

DHI Group, Inc. (NYSE:DHX) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Todd Kehrli - MKR Group, Inc. Art Zeile - President and CEO Raime Leeby - CFO Conference Call Participants Ethan Widell - B. Riley Securities Maxwell Michaelis - Lake Street Capital Markets Kevin Liu - K. Liu & Company Operator Good day, and welcome to the DHI Group First Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today’s pr ...

| --- | --- | --- | --- | --- | --- | |-------------------------------------|-------|-------|-------|-------|-------| | Health professionals | | | | 30 | 2022, | | Health aides, technicians, wellness | | | | 30 | | | STEM professionals | | | 23 | | | | Builders | | 12 | | | | | Managers | | 11 | | | | | Creatives and arts management | | 11 | | | | | Property maintenance | | 10 | | | | | Transportation services | | 9 | | | | | Mechanical installation and repair | | 7 | | | | | Business and legal professional ...

DHI Group (DHX) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this provider of websites and career fairs for professionals would post earnings of $0.05 per share when it actually produced earnings of $0.04, delivering a surprise of -20%. ...

Financial Performance - Total revenue for Q1 2024 was $36.0 million, a decrease of 7% year over year[5] - Total bookings for Q1 2024 were $48.8 million, down 9% year over year[5] - Net loss for Q1 2024 was $1.5 million, or a loss of $0.03 per diluted share, compared to a net income of $0.5 million, or $0.01 per diluted share, in the same quarter last year[5] - Adjusted EBITDA for Q1 2024 was $8.6 million, an increase of 6% year over year, with an Adjusted EBITDA Margin of 24%, up from 21% in the prior year[5] - Cash flow from operations was $2.1 million, up from $0.0 million in the year-ago quarter[5] - Net income for Q1 2024 was $(1,512) thousand, a decrease of 429% compared to $460 thousand in Q1 2023[32] - Total revenue for Q1 2024 was $36,025 thousand, down 7% from $38,620 thousand in Q1 2023[32] - Adjusted EBITDA for Q1 2024 increased by 6% to $8,569 thousand, compared to $8,054 thousand in Q1 2023[32] - Total bookings for Q1 2024 were $48,776 thousand, a decline of 9% from $53,566 thousand in Q1 2023[35] Customer Metrics - The average annual revenue per recruitment package customer for Dice increased by 2% to $15,997, while ClearanceJobs saw a 12% increase to $23,050[36] - Renewal rate on revenue for Dice decreased to 82% in Q1 2024 from 92% in Q1 2023, while ClearanceJobs increased to 98% from 95%[37] - The number of recruitment package customers for Dice decreased by 15% to 5,250, while ClearanceJobs saw a slight decrease of 2% to 2,032[40] Deferred Revenue and Cash Position - Deferred revenue as of March 31, 2024, was $55,716 thousand, an increase of 11% from $49,971 thousand at the end of December 2023[40] - Cash at the end of Q1 2024 was $3.2 million, down from $4.2 million at the end of the previous quarter[5] - Cash at the end of Q1 2024 was $3,240 thousand, down from $4,206 thousand at the beginning of the period[28] Debt and Interest Expenses - Total debt at the end of Q1 2024 was $41.0 million, compared to $38.0 million at the end of the previous quarter[5] - Long-term debt increased to $41,000 thousand as of March 31, 2024, compared to $38,000 thousand at the end of December 2023[28] - The company reported an interest expense of $946 million in Q1 2024, compared to $798 million in Q1 2023[44] Future Outlook - The company expects total revenue for the full year 2024 to decline in the low single-digit percentage range[6] - The company anticipates bookings performance to improve in Q2 2024 as tech hiring returns to normal levels[5] - Tech job postings increased from 142,000 in December 2023 to 191,000 in March 2024, indicating a potential recovery in hiring demand[4] Adjusted EBITDA and Expenses - Changes in working capital and other contributed $573 million to Adjusted EBITDA in Q1 2024, compared to $10,414 million in Q1 2023[44] - Depreciation expense for Q1 2024 was $4,456 million, compared to $4,173 million in Q1 2023[44] - Non-cash stock-based compensation decreased to $2,144 million in Q1 2024 from $2,887 million in Q1 2023[44] - The company recorded an impairment of investment of $400 million in Q1 2024, with no such expense in Q1 2023[44] - The company provided guidance for Adjusted EBITDA margin but could not reconcile it to GAAP measures due to unpredictability of certain expenses[45]

DHI Group (DHX) is scheduled to report first-quarter 2024 results on May 8.The Zacks Consensus Estimate for first-quarter revenues is pegged at $35.97 million, indicating a 6.87% decline.The consensus estimate for earnings is pegged at 3 cents, unchanged in the past 30 days.In the trailing four quarters, DHI Group’s earnings exceeded the Zacks Consensus Estimate twice while missing the same on one occasion and matching the same on the other, the average surprise being 93.33%. Let’s see how things have shape ...