Bringing

professionals

companies

the careers

and the talent they desire
27 Jul 2017

DHI Group, Inc. Reports Second Quarter 2017 Results

NEW YORK, July 27, 2017 /PRNewswire/ --

  • Second quarter 2017 total revenues of $52.4 million, net income of $1.8 million and diluted EPS of $0.04
  • Cash flow from operations of $9.2 million; Adjusted EBITDA of $9.5 million, which was impacted by $1.1 million of disposition related and other costs
  • Commenced process of divesting non-tech businesses to streamline the operating portfolio

DHI Group, Inc. (NYSE: DHX) ("DHI" or the "Company"), a leading online career resource and talent acquisition platform for technology professionals and other select professional communities, today reported financial results for the quarter ended June 30, 2017.

"Our business performed in line with our expectations in the second quarter as we transitioned to a new organization structure that will enable us to operate as a more focused, flexible, and agile company to execute our tech-focused strategy," said Michael Durney, President and Chief Executive Officer of DHI Group, Inc. "In addition, we made progress on our product initiatives to deepen engagement with professionals and address customer pain points. The positive impact we've seen so far strengthens our conviction in the plan and our ability to change the arc of growth and profitability for the Company, and ultimately enhance shareholder value."

Q2 2017 Tech-Focused Product and Business Highlights

  • Launched new marketing initiatives for Dice with the "Hack Your Career" campaign to increase engagement with tech professionals, and partnerships with Bustle, a digital media company serving millennial women, and Spiceworks, a tech networking community
  • "Open Web First" go-to-market strategy that leads with social sourcing drove 103% year-over-year growth in Open Web customers, increasing penetration of Dice recruitment package customers to 34% as of June 30, 2017, up from 30% as of March 31, 2017 and from 16% a year ago
  • Dice Careers app new downloads grew 28% year-over-year in the second quarter. As of June 30, 2017, cumulative downloads were 81% higher than June 30, 2016, which drove 52% growth in average monthly unique visitors
  • Launched ClearanceJobs Voice, which adds live discussion between employers and candidates through the website

Q2 and Year-to-Date 2017 Financial Highlights

"The market dynamics for our business remained challenging to our renewal and new business efforts. While we're not content with these results, they are consistent with the 2017 outlook we provided in May," said Luc Grégoire, Chief Financial Officer. "However, we advanced our strategy to return the business to growth with the current process to divest our non-tech businesses, redeploying resources in a more effective and cost efficient manner, and increasing the focus on key drivers and levers of our technology talent solutions business. Looking forward, we are optimistic that the steps we have taken will begin to stabilize our business."

The following summarizes consolidated financial results for the quarters ended June 30, 2017 and 2016:

 

($ in millions, except per share data)




Q2 2017


Q2 2016


Change


Revenues


$

52.4



$

57.7



(9)%



Net income (1)(2)


$

1.8



$

4.9



(63)%



Diluted earnings per share (3)


$

0.04



$

0.10



(60)%











Adjusted EBITDA (4) (5)


$

9.5



$

16.0



(41)%



Adjusted EBITDA margin



18.2

%



27.7

%












(1) Includes the impact of disposition related and others costs, net of tax, of $0.7 million and $0.1 million for Q2 2017 and 2016, respectively.

(2) Net income in Q2 2017 was reduced by $0.2 million due to additional income tax expense related to the adoption of a new accounting standard, ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting. No material difference to Q2 2016, had the new standard been applied to that period.

(3) Disposition related and other costs reduced diluted earnings per share in Q2 2017 by $0.01 with no material change to Q2 2016.

(4) Q2 2017 includes the impact of disposition related and other costs of $1.1 million.

(5) Reconciliations of Net Income to Adjusted EBITDA and of Operating Cash Flows to Adjusted EBITDA are included toward the end of this press release.









 

The following summarizes Revenues, Adjusted EBITDA and Adjusted EBITDA Margin results for the quarter and year-to-date periods ended June 30, 2017 and 2016 ($ in millions). A reconciliation of Operating Income (Loss) to Adjusted EBITDA is included toward the end of this press release.



Revenues


Adjusted EBITDA



Q2
2017



Q2
2016



Change


Fx Impact


Q2
2017



Q2 2017
Margin


Q2
2016



Q2 2016
Margin

Tech & Clearance


$

31.3



$

34.2



(8)%


$(0.1)


$

13.0



42%


$

16.6



49%

Global Industry Group (GIG)


14.5



16.5



(12)%


(0.7)


1.5



10%


4.2



25%

Healthcare


6.6



7.0



(6)%



0.2



3%


0.9



13%

Talent Acquisition Brands


52.4



57.7



(9)%


(0.8)


14.7



28%


21.7



38%

Corporate






—%



(2.7)



n.m.


(4.1)



n.m.

Talent Acquisition Brands less
Corporate


52.4



57.7



(9)%


(0.8)


12.0



23%


17.7



31%

Brightmatter Group






—%



(2.5)



n.m.


(1.7)



n.m.

Slashdot Media






—%





n.m.


0.1



n.m.

Total


$

52.4



$

57.7



(9)%


$(0.8)


$

9.5



18%


$

16.0



28%

 



Revenues


Adjusted EBITDA



YTD
2017



YTD
2016



Change



Fx Impact


YTD
2017



YTD
2017
Margin


YTD
2016


YTD
2016
Margin

Tech & Clearance


$

63.0



$

68.2



(8)%



$(0.4)


$

26.4



42%


$

31.7



46%

Global Industry Group (GIG)


28.3



33.1



(15)%



(1.5)


2.6



9%


7.0



21%

Healthcare


13.3



13.9



(4)%




0.6



5%


1.6



12%

Talent Acquisition Brands


104.6



115.2



(9)%



(1.9)


29.6



28%


40.3



35%

Corporate






n.m.




(5.3)



n.m.


(7.6)



n.m.

Talent Acquisition Brands
less Corporate


104.6



115.2



(9)%



(1.9)


24.3



23%


32.7



28%

Brightmatter Group




0.1



n.m.




(4.3)



n.m.


(3.6)



n.m.

Slashdot Media




0.7



n.m.






n.m.


(0.2)



n.m.

Total


$

104.6



$

116.0



(10)%



$(1.9)


$

20.0



19%


$

28.9



25%

 



Supplemental Balance Sheet Information



June 30,
2017


December
31, 2016


YTD 2017
Change


June 30,
2016


YOY
Change

Deferred revenue (1)


$

86.4



$

84.6



$

1.8



$

85.9



$

0.5


Long-Term Debt, net


$

69.9



$

84.8



$

(14.9)



$

97.6



$

(27.7)


Plus: Deferred financing costs


1.1



1.2



(0.1)



1.4



(0.3)


Total principal outstanding


$

71.0



$

86.0



$

(15.0)



$

99.0



$

(28.0)


(1) The YTD increase in deferred revenue primarily reflects an increase in the Tech & Clearance and Global Industry Group segments of $0.9 million each.

 

Business Outlook

The Company expects its year-over-year rate of decline in revenue to abate progressively in the second half of 2017, while spending should increase only modestly as increased investment in its core tech business will be mostly offset by efficiencies from realigning and simplifying the organization. This outlook does not consider the impact of potential divestitures, as there is no assurance as to their timing or execution. On today's conference call, management will discuss additional details of its tech-focused strategy, including context around the financial impact of the Company's 2017 strategic objectives and operational plans.

Conference Call Information

The Company will host a conference call accompanied by a presentation of supporting materials today at 8:30 a.m. Eastern Time to discuss its financial results, recent developments, and progress on its tech-focused strategy. Speaking on the call will be Michael Durney, President and Chief Executive Officer, and Luc Grégoire, Chief Financial Officer.

The conference call and presentation will be available live through the Company's website in the Investor Relations section under Presentations & Events at www.dhigroupinc.com. The conference call can also be accessed by dialing 1-844-890-1790 or for international callers by dialing 1-412-380-7407.  Please ask to be joined to the DHI Group, Inc. call.

A replay will be available one hour after the call and can be accessed by dialing 1-877-344-7529 or 1-412-317-0088 for international callers; the replay passcode is 10110589. The replay will be available until August 3, 2017. The presentation will be available for download after the conference call through the Company's website in the Investor Relations section under Presentations & Events at www.dhigroupinc.com.

Investor Contact

Brendan Metrano
VP, Investor Relations
DHI Group, Inc.
212-448-4181
ir@dhigroupinc.com

Media Contact

Rachel Ceccarelli
Director, Corporate Communications
DHI Group, Inc.
212-448-8288
media@dhigroupinc.com

About DHI Group, Inc.

DHI Group, Inc. (NYSE:DHX) is a leading provider of data, insights and employment connections through our specialized services for technology professionals and other select online communities. Our mission is to empower tech professionals and organizations to compete and win through expert insights and relevant employment connections. Employers and recruiters use our websites and services to source, hire and connect with the most qualified and highly-skilled tech professionals, while professionals use our websites and services to find ideal employment opportunities, relevant job advice and tailored career-related data. For over 25 years, we have built our Company on providing employers and professionals with career connections, news, tools and information. Today, we serve multiple markets located throughout North America, Europe, the Middle East and the Asia Pacific region.

Notes Regarding the Use of Non-GAAP Financial Measures

The Company has provided certain non-GAAP financial information as additional information for its operating results.  These measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States ("GAAP") and may be different from similarly titled non-GAAP measures reported by other companies.  The Company believes that its presentation of non-GAAP measures, such as adjusted earnings before interest, taxes, depreciation, amortization, non-cash stock based compensation expense, other non-recurring income or expense ("Adjusted EBITDA") and Adjusted EBITDA margin provides useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations. In addition, the Company's management uses these measures for reviewing the financial results of the Company and for budgeting and planning purposes.  The non-GAAP measures apply to consolidated results and results by segment or other measure as shown within this document.  The Company has provided required reconciliations to the most comparable GAAP measures elsewhere in the document.

Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP metrics used by management to measure operating performance.  Management uses Adjusted EBITDA as a performance measure for internal monitoring and planning, including preparation of annual budgets, analyzing investment decisions and evaluating profitability and performance comparisons between us and our competitors.  The Company also uses this measure to calculate amounts of performance based compensation under the senior management incentive bonus program.  Adjusted EBITDA, as defined in our Credit Agreement, represents net income plus (to the extent deducted in calculating such net income) interest expense, income tax expense, depreciation and amortization, non-cash stock option expenses, losses resulting from certain dispositions outside the ordinary course of business, certain writeoffs in connection with indebtedness, impairment charges with respect to long-lived assets, expenses incurred in connection with an equity offering, extraordinary or non-recurring non-cash expenses or losses, transaction costs in connection with the Credit Agreement up to $250,000, deferred revenues written off in connection with acquisition purchase accounting adjustments, writeoff of non-cash stock compensation expense, and business interruption insurance proceeds, minus (to the extent included in calculating such net income) non-cash income or gains, interest income, and any income or gain resulting from certain dispositions outside the ordinary course of business.

We present Adjusted EBITDA as a supplemental performance measure because we believe that this measure provides our board of directors, management and investors with additional information to measure our performance, provide comparisons from period to period and company to company by excluding potential differences caused by variations in capital structures (affecting interest expense) and tax positions (such as the impact on periods or companies of changes in effective tax rates or net operating losses), and to estimate our value.

We also present Adjusted EBITDA because covenants in our Credit Agreement contain ratios based on this measure.  Our Credit Agreement is material to us because it is one of our primary sources of liquidity.  If our Adjusted EBITDA were to decline below certain levels, covenants in our Credit Agreement that are based on Adjusted EBITDA may be violated and could cause a default and acceleration of payment obligations under our Credit Agreement.

Adjusted EBITDA Margin is computed as Adjusted EBITDA divided by Revenues. Adjusted EBITDA and Adjusted EBITDA Margin are not measurements of our financial performance under GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP as a measure of our profitability.

Forward-Looking Statements

This press release and oral statements made from time to time by our representatives contain forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information without limitation concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions.  These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements.  These factors include, but are not limited to, our ability to execute our tech-focused strategy, the review of potential dispositions of certain of our businesses and the terms and timing of any such transactions, competition from existing and future competitors in the highly competitive market in which we operate, failure to adapt our business model to keep pace with rapid changes in the recruiting and career services business, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, the uncertainty surrounding the United Kingdom's future departure from the European Union, including uncertainty in respect of the regulation of data protection and data privacy, failure to attract qualified professionals to our websites or grow the number of qualified professionals who use our websites, failure to successfully identify or integrate acquisitions, U.S. and foreign government regulation of the Internet and taxation, our ability to borrow funds under our revolving credit facility or refinance our indebtedness and restrictions on our current and future operations under such indebtedness.  These factors and others are discussed in more detail in the Company's filings with the Securities and Exchange Commission, all of which are available on the Investors page of our website at www.dhigroupinc.com, including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2016, under the headings "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations."

You should keep in mind that any forward-looking statement made by the Company or its representatives herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by applicable law.

DHI GROUP, INC.


 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


(Unaudited)


     (in thousands except per share amounts)


















For the three months
ended June 30,


For the six months
ended June 30,






2017


2016


2017


2016














Revenues

$

52,400



$

57,673



$

104,590



$

115,959















Operating expenses:









Cost of revenues

7,668



8,079



15,065



16,614



Product development

6,356



6,245



12,807



13,305



Sales and marketing

19,751



18,646



39,650



39,148



General and administrative

10,046



11,508



21,325



22,721



Depreciation

2,819



2,563



5,127



5,161



Amortization of intangible assets

571



2,070



1,132



4,536



Disposition related and other costs

1,187



77



1,187



3,347





Total operating expenses

48,398



49,188



96,293



104,832



Operating income

4,002



8,485



8,297



11,127



Interest expense

(814)



(820)



(1,604)



(1,692)



Other expense

9



(17)



(7)



(32)



Income before income taxes

3,197



7,648



6,686



9,403



Income tax expense

1,375



2,794



3,524



3,438



Net income

$

1,822



$

4,854



$

3,162



$

5,965















Basic earnings per share

$

0.04



$

0.10



$

0.07



$

0.12



Diluted earnings per share

$

0.04



$

0.10



$

0.07



$

0.12















Weighted average basic shares outstanding

47,953



48,607



47,775



49,034



Weighted average diluted shares outstanding

48,268



49,279



48,308



49,850



























 

DHI GROUP, INC.


CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS


(Unaudited)


(in thousands)














For the three months
ended June 30,


For the six months
ended June 30,




2017


2016


2017


2016


Cash flows from operating activities:










Net income

$

1,822



$

4,854



$

3,162



$

5,965



Adjustments to reconcile net income to net cash flows
from operating activities:










Depreciation

2,819



2,563



5,127



5,161




Amortization of intangible assets

571



2,070



1,132



4,536




Deferred income taxes

426



313



648



229




Amortization of deferred financing costs

81



81



162



162




Stock based compensation

2,086



2,806



4,588



6,423




Change in accrual for unrecognized tax benefits

35



101



70



115




Loss on sale of business



77





639



Changes in operating assets and liabilities:










Accounts receivable

6,205



2,490



11,231



4,857




Prepaid expenses and other assets

412



336



(1,082)



(169)




Accounts payable and accrued expenses

1,342



(2,771)



(1,007)



(4,875)




Income taxes receivable/payable

(2,883)



1,627



(1,465)



(1,293)




Deferred revenue

(3,750)



(2,299)



1,101



3,252




Other, net

27



(63)



45



(77)



Net cash flows from operating activities

9,193



12,185



23,712



24,925



Cash flows from investing activities:










Cash received from sale of business







2,429




Purchases of fixed assets

(3,535)



(3,187)



(7,730)



(5,506)



Net cash flows (used in) from investing activities

(3,535)



(3,187)



(7,730)



(3,077)



Cash flows from financing activities:










Payments on long-term debt

(7,000)



(8,000)



(15,000)



(11,000)




Proceeds from long-term debt



6,000





9,000




Payments under stock repurchase plan



(8,915)





(22,632)




Proceeds from stock option exercises





403



1,028




Purchase of treasury stock related to vested
restricted stock and performance stock units

(17)



(68)



(1,109)



(2,520)



Net cash flows used in financing activities

(7,017)



(10,983)



(15,706)



(26,124)



Effect of exchange rate changes

150



(1,008)



193



(313)



Net change in cash for the period

(1,209)



(2,993)



469



(4,589)



Cash, beginning of period

24,665



32,454



22,987



34,050



Cash, end of period

$

23,456



$

29,461



$

23,456



$

29,461



 

DHI GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands)







ASSETS

June 30, 2017


December 31, 2016

Current assets





Cash

$

23,456



$

22,987



Accounts receivable, net

32,335



43,148



Income taxes receivable

737



731



Prepaid and other current assets

4,508



3,312




Total current assets

61,036



70,178


Fixed assets, net

19,346



16,610


Acquired intangible assets, net

48,002



49,120


Goodwill

174,790



171,745


Deferred income taxes

361



306


Other assets

2,073



2,136




Total assets

$

305,608



$

310,095














LIABILITIES AND STOCKHOLDERS' EQUITY




Current liabilities





Accounts payable and accrued expenses

$

19,500



$

20,220



Deferred revenue

86,380



84,615



Income taxes payable

2,029



3,467




Total current liabilities

107,909



108,302


Long-term debt, net

69,922



84,760


Deferred income taxes

8,586



7,901


Accrual for unrecognized tax benefits

2,584



2,513


Other long-term liabilities

2,800



2,736




Total liabilities

191,801



206,212


Total stockholders' equity

113,807



103,883




Total liabilities and stockholders' equity

$

305,608



$

310,095








 

Supplemental Information and Non-GAAP Reconciliations

On the pages that follow, the Company has provided certain supplemental information that we believe will assist the reader in assessing our business operations and performance, including certain non-GAAP financial information and required reconciliations to the most comparable GAAP measure.  A statement of operations and statement of cash flows for the three and six month periods ended June 30, 2017 and 2016 and a balance sheet as of June 30, 2017 and December 31, 2016 are provided elsewhere in this press release.

DHI GROUP, INC.


NON-GAAP SUPPLEMENTAL DATA


(Unaudited)


(dollars in thousands except per customer data)
























For the three months
ended June 30,


For the six months
ended June 30,




2017


2016


2017


2016


Reconciliation of Net Income to Adjusted EBITDA:









Net income

$

1,822



$

4,854



$

3,162



$

5,965




Interest expense

814



820



1,604



1,692




Income tax expense

1,375



2,794



3,524



3,438




Depreciation

2,819



2,563



5,127



5,161




Amortization of intangible assets

571



2,070



1,132



4,536




Non-cash stock compensation expense

2,086



2,806



4,588



5,523




Severance—Slashdot Media







981




Accelerated stock based compensation expense—
Slashdot Media







900




Loss on sale of business



77





639




Costs related to strategic alternatives process

(23)





807






Costs related to divestitures

70





70






Other

(9)



17



7



32



Adjusted EBITDA

$

9,525



$

16,001



$

20,021



$

28,867












Reconciliation of Operating Cash Flows to Adjusted
EBITDA:









Net cash provided by operating activities

$

9,193



$

12,185



$

23,712



$

24,925




Interest expense

814



820



1,604



1,692




Amortization of deferred financing costs

(81)



(81)



(162)



(162)




Income tax expense

1,375



2,794



3,524



3,438




Deferred income taxes

(426)



(313)



(648)



(229)




Severance—Slashdot Media







981




Change in accrual for unrecognized tax benefits

(35)



(101)



(70)



(115)




Change in accounts receivable

(6,205)



(2,490)



(11,231)



(4,857)




Change in deferred revenue

3,750



2,299



(1,101)



(3,252)




Costs related to strategic alternatives process

(23)





807






Costs related to divestitures

70





70






Changes in working capital and other

1,093



888



3,516



6,446



Adjusted EBITDA

$

9,525



$

16,001



$

20,021



$

28,867























Dice Recruitment Package Customers









Beginning of period

6,800



7,450



7,050



7,600



End of period

6,750



7,300



6,700



7,300













Average for the period (1)

6,750



7,350



6,800



7,400













Dice Average Monthly Revenue per
   Recruitment Package Customer (2)

$

1,108



$

1,124



$

1,109



$

1,121























(1) Reflects the daily average of recruitment package customers during the period.


(2) Reflects the simple average of each period presented.


 

DHI GROUP, INC.

NON-GAAP SUPPLEMENTAL DATA (CONTINUED)

(Unaudited)

(in thousands)


















For the three months ended June 30, 2017

Reconciliation of Operating Income (Loss)
to Adjusted EBITDA:

Tech &
Clearance


Global
Industry
Group


Healthcare


Corporate


Brightmatter
Group


Slashdot
Media


Total

Operating income (loss)

$

10,712



$

510



$

(642)



$

(3,906)



$

(2,672)



$



$

4,002



Depreciation

1,695



247



537



26



314





2,819



Amortization of intangible assets



363



163





45





571



Non-cash stock compensation expense

545



408



141



1,131



(139)





2,086



Costs related to strategic alternatives
process







(23)







(23)



Costs related to divestiture process







70







70


Adjusted EBITDA

$

12,952



$

1,528



$

199



$

(2,702)



$

(2,452)



$



$

9,525



















For the three months ended June 30, 2016

Reconciliation of Operating Income (Loss)
to Adjusted EBITDA:

Tech &
Clearance


Global
Industry
Group


Healthcare


Corporate


Brightmatter
Group


Slashdot
Media


Total

Operating income (loss)

$

13,291



$

2,477



$

107



$

(5,452)



$

(1,914)



$

(24)



$

8,485



Depreciation

1,770



230



495



33



35





2,563



Amortization of intangible assets

729



1,074



218





49





2,070



Non-cash stock compensation expense

781



428



124



1,357



116





2,806



Loss on sale of business











77



77


Adjusted EBITDA

$

16,571



$

4,209



$

944



$

(4,062)



$

(1,714)



$

53



$

16,001



















For the six months ended June 30, 2017

Reconciliation of Operating Income (Loss)
to Adjusted EBITDA:

Tech &
Clearance


Global
Industry
Group


Healthcare


Corporate


Brightmatter
Group


Slashdot
Media


Total

Operating income (loss)

$

22,156



$

628



$

(1,092)



$

(8,533)



$

(4,862)



$



$

8,297



Depreciation

3,151



472



1,045



54



405





5,127



Amortization of intangible assets



727



325





80





1,132



Non-cash stock compensation expense

1,110



818



273



2,313



74





4,588



Costs related to strategic alternatives
process







807







807



Costs related to divestiture process







70







70


Adjusted EBITDA

$

26,417



$

2,645



$

551



$

(5,289)



$

(4,303)



$



$

20,021



















For the six months ended June 30, 2016

Reconciliation of Operating Income (Loss)
to Adjusted EBITDA:

Tech &
Clearance


Global
Industry
Group


Healthcare


Corporate


Brightmatter
Group


Slashdot
Media


Total

Operating income (loss)

$

25,124



$

3,123



$

(171)



$

(10,229)



$

(3,947)



$

(2,773)



$

11,127



Depreciation

3,507



452



1,091



67



44





5,161



Amortization of intangible assets

1,456



2,545



436





99





4,536



Non-cash stock compensation expense

1,595



842



234



2,575



233



44



5,523



Slashdot media related costs











2,520



2,520


Adjusted EBITDA

$

31,682



$

6,962



$

1,590



$

(7,587)



$

(3,571)



$

(209)



$

28,867


 

Segment Definitions:








Tech & Clearance: Dice, Dice Europe and ClearanceJobs; Global Industry Group: eFinancialCareers, Rigzone, Hcareers and BioSpace; Healthcare: Health eCareers






 

DHI GROUP, INC.

SUPPLEMENTAL DATA - REVENUE DETAIL

(Unaudited)

(in thousands)






















































Revenue

($ in millions)


Q2
2017


Q2
2016


Change


$ Fx
Impact


YTD

2017


YTD
2016


Change


$ Fx
Impact

Tech and Clearance


$

31.3



$

34.2



(8)%


$

(0.1)



$

63.0



$

68.2



(8)%


$

(0.4)


eFinancialCareers


8.0



9.1



(12)%


(0.6)



15.9



18.1



(12)%


(1.4)


Tech-focused businesses


39.3



43.3



(9)%


(0.7)



78.9



86.3



(9)%


(1.8)



















Health eCareers


6.6



7.0



(6)%




13.3



13.9



(4)%



HCareers


3.8



4.0



(5)%




7.4



7.8



(5)%



Rigzone


1.7



2.4



(29)%


(0.1)



3.4



5.3



(36)%


(0.1)


BioSpace


1.0



1.0



—%




1.6



2.0



(20)%



Non-tech businesses


13.1



14.4



(9)%


(0.1)



25.7



29.0



(11)%


(0.1)


Slashdot Media






n.m.






0.7



n.m



Total


$

52.4



$

57.7



(9)%


$

(0.8)



$

104.6



$

116.0



(10)%


$

(1.9)



















 

 

View original content:http://www.prnewswire.com/news-releases/dhi-group-inc-reports-second-quarter-2017-results-300495068.html

SOURCE DHI Group, Inc.