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DHI(DHX) - 2021 Q3 - Earnings Call Transcript
2021-11-11 04:13
Financial Data and Key Metrics Changes - Total revenue for Q3 2021 was $30.8 million, representing a 13% year-over-year increase [24] - Total bookings for the quarter were $30.8 million, up 40% year-over-year [24] - Adjusted EBITDA for Q3 was $6.4 million, with a margin of 21% compared to $5.9 million and a margin of 22% in the same quarter last year [31] Business Line Data and Key Metrics Changes - Dice revenue was $22.3 million, up 8% sequentially and 12% year-over-year, with bookings increasing 46% year-over-year [24][13] - ClearanceJobs (CJ) revenue grew to $8.5 million, up 4% sequentially and 16% year-over-year, with bookings increasing 29% year-over-year [26][19] Market Data and Key Metrics Changes - The unemployment rate for technologists remains low, with Microsoft forecasting 140 million new digital jobs by 2025 [10] - The company added over 300 net new clients in the Dice customer base during Q3 [17] Company Strategy and Development Direction - The company is focused solely on the technology career marketplace in the U.S. through Dice and ClearanceJobs, aiming for increased revenue growth [9] - There are significant growth opportunities in both commercial accounts and the staffing and recruiting industry for Dice [15][16] - ClearanceJobs is targeting government contractors and U.S. government agencies for growth [20][21] Management's Comments on Operating Environment and Future Outlook - Management expects total revenue growth in Q4 2021 to approach 20% year-over-year, driven by strong bookings performance [35] - The company aims to maintain adjusted EBITDA margins at or near 20% while investing in sales and marketing [36] Other Important Information - The company repurchased approximately 1.8 million shares for $6.8 million, with a remaining authorization of $11 million under the buyback program [34] - Deferred revenue at the end of Q3 was $43.4 million, up 22% from the previous year [32] Q&A Session Summary Question: Areas of strength in Dice driving performance - Management noted that all sales teams are outperforming plans, with a focus on commercial accounts [41] Question: Productivity of existing sales reps - Approximately 50% of sales reps are above quota year-to-date, with 80% above 90% of their quota [43] Question: Investment in lead generation programs - The marketing team has exceeded expectations, generating over 50% of new business bookings from marketing qualified leads [47] Question: Conversion ratio of leads - The conversion ratio for leads is about 20%, with over 50% of bookings coming from marketing qualified leads [52] Question: Pricing environment and potential for price increases - Management indicated that there is an opportunity to leverage the platform for price increases, with an average price escalation of 9% in contracts [53][54] Question: Strengths in ClearanceJobs - The majority of strength is coming from military contractors, with ongoing efforts to sign government agency contracts [62] Question: Trends in tech recruiting market - There is elevated interest in cybersecurity and cloud engineering roles, along with consistent demand for Java developers [66]
DHI(DHX) - 2021 Q3 - Quarterly Report
2021-11-09 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 quarter ended September 30, 2021 ______________________________________________ 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. ...
DHI(DHX) - 2021 Q2 - Earnings Call Transcript
2021-08-08 02:58
DHI Group, Inc. (NYSE:DHX) Q2 2021 Earnings Conference Call August 5, 2021 5:00 PM ET Company Participants Todd Kehrli – MKR Investor Relations Art Zeile – Chief Executive Officer Kevin Bostick – Chief Financial Officer Conference Call Participants Josh Vogel – Sidoti Zach Cummins – B. Riley FBR Operator Good afternoon, and welcome to the DHI Group’s Fiscal 2021 Second Quarter Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, there will be a ...
DHI(DHX) - 2021 Q2 - Quarterly Report
2021-08-05 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 quarter ended June 30, 2021 ______________________________________________ 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. (Exac ...
DHI(DHX) - 2021 Q1 - Earnings Call Transcript
2021-05-09 12:27
DHI Group, Inc. (NYSE:DHX) Q1 2021 Earnings Conference Call May 5, 2021 5:00 PM ET Company Participants Todd Kehrli - Investor Relations, President at MKR Investor Relations Arthur Zeile - President & Chief Executive Officer Kevin Bostick - Chief Financial Officer Conference Call Participants Aman Gulani - B. Riley Securities Josh Vogel - Sidoti & Co. Bill Dezellem - Tieton Capital Operator Good afternoon and welcome to the DHI Group Inc., First Quarter 2021 Financial Results Conference Call. All participan ...
DHI(DHX) - 2021 Q1 - Quarterly Report
2021-05-04 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 quarter ended March 31, 2021 ______________________________________________ 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. (Exa ...
DHI(DHX) - 2020 Q4 - Annual Report
2021-02-09 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, 2020 ______________________________________________ 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) - 2020 Q4 - Earnings Call Transcript
2021-02-06 03:36
DHI Group, Inc. (NYSE:DHX) Q4 2020 Earnings Conference Call February 4, 2021 5:00 PM ET Company Participants Todd Kehrli - Investor Relations, President at MKR Investor Relations Arthur Zeile - President & Chief Executive Officer Kevin Bostick - Chief Financial Officer Conference Call Participants Aman Gulani - B. Riley Securities Josh Vogel - Sidoti & Co. Bill Dezellem - Tieton Capital Operator Good day, and welcome to the DHI Group Inc. Fourth Quarter and Year-End 2020 Financial Results. All participants ...
DHI(DHX) - 2020 Q3 - Earnings Call Transcript
2020-11-05 00:26
DHI Group, Inc. (NYSE:DHX) Q3 2020 Results Earnings Conference Call November 4, 2020 5:00 PM ET Company Participants Todd Kehrli - Investor Relations, President at MKR Investor Relations Art Zeile - President, Chief Executive Officer Kevin Bostick - Chief Financial Officer Conference Call Participants Aman Gulani - B. Riley Securities Josh Vogel - Sidoti & Co. Operator Good afternoon everyone and welcome to the DHI Group Incorporated third quarter 2020 financial results conference call. All participants wil ...
DHI(DHX) - 2020 Q3 - Quarterly Report
2020-11-04 21:20
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 quarter ended September 30, 2020 ______________________________________________ OR ☐ TRANSITION PERIOD PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO C ...