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DHI(DHX) - 2024 Q1 - Quarterly Results
2024-05-08 20:18
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) to Report Q1 Earnings: What's in the Offing?
Zacks Investment Research· 2024-05-06 16:56
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 ...
DHI Group (DHX) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-04-23 22:56
In the latest trading session, DHI Group (DHX) closed at $2.43, marking a +1.67% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 1.2% for the day. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.59%.Shares of the provider of websites and career fairs for professionals witnessed a loss of 11.48% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 6.83% and the S&P 500's loss of 4.16%.Analysts ...
Should You Invest in DHI Group (DHX) Based on Bullish Wall Street Views?
Zacks Investment Research· 2024-04-10 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about DHI Group (DHX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.DHI Group currently has an average brokera ...
National Security Compensation Sets Record High
Businesswire· 2024-03-13 12:30
CENTENNIAL, Colo.--(BUSINESS WIRE)--DHI Group, Inc. (NYSE: DHX) announced today that ClearanceJobs, its leading online community for security-cleared professionals in the defense and intelligence industries, has released its 2024 Security Clearance Compensation Report. In a year marked by inflation and budget uncertainties, companies took bold action by implementing significant salary hikes. In 2023, cleared candidates received a noteworthy 6% boost in compensation, increasing the average cleared salary to ...
DHI(DHX) - 2023 Q4 - Earnings Call Transcript
2024-02-08 03:17
DHI Group, Inc. (NYSE:DHX) Q4 2023 Earnings Conference Call February 7, 2023 5:00 PM ET Company Participants Todd Kehrli - MKR Investor Relations Art Zeile - Chief Executive Officer Raime Leeby - Chief Financial Officer Conference Call Participants Zach Cummins - B. Riley Max Michaelis - Lake Street Capital Markets Kevin Liu - K. Liu & Company Operator Good afternoon and welcome to DHI Group Fourth Quarter and Full Year 2023 Financial Results Conference Call. All participants will be in listen-only mode. [O ...
DHI Group (DHX) Q4 Earnings Miss Estimates
Zacks Investment Research· 2024-02-08 01:01
DHI Group (DHX) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this provider of websites and career fairs for professionals would post earnings of $0.03 per share when it actually produced earnings of $0.03, delivering no surprise.Over the la ...
DHI(DHX) - 2023 Q4 - Annual Report
2024-02-07 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________ FORM 10-K ______________________________________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ______________________________________________ OR ☐ TRANSITION PERIOD PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO C ...
DHI(DHX) - 2023 Q3 - Earnings Call Transcript
2023-11-02 02:02
DHI Group, Inc. (NYSE:DHX) Q3 2023 Results Conference Call November 1, 2023 5:00 PM ET Company Participants Todd Kehrli - MKR Investor Relations Art Zeile - Chief Executive Officer Julie Roby - SVP of FP&A Conference Call Participants Ethan Widell - B. Riley Eric Martinuzzi - Lake Street Kevin Liu - K. Liu & Company Operator Good afternoon everyone, and welcome to DHI Group Incorporated Third Quarter 2023 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions ...
DHI(DHX) - 2023 Q3 - Quarterly Report
2023-10-31 16:00
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 September 30, 2023 ______________________________________________ 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 specifi ...