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DHI Group (DHX) investor relations material
DHI Group LD Micro Main Event XIX Investor Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic initiatives and product innovation
Launched a new self-service subscription option and began testing a premium candidate experience for ClearanceJobs, marking the first monetization of the candidate side of the marketplace.
Acquired an applicant tracking system (ATS) for $2 million, integrating it with ClearanceJobs and quickly doubling its customer base.
Over 90% of revenue is recurring, with most contracts spanning one year or more; about 25% of customers are on two- or three-year contracts.
Contracts are tailored to the number of profile views, supporting strong revenue visibility and predictability.
Forbes named Dice the top career site for tech and IT jobs in 2024.
Financial performance and capital allocation
2023 revenue reached $142 million with $141 million in bookings, both growing at a 6% CAGR over five years.
Adjusted EBITDA was $35 million (25% margin), with 2024 guidance targeting a 26% margin.
Operating cash flow was $21 million; capital expenditures were $14 million, mostly capitalized software development labor.
Share buyback program resumed in January 2024 after a mid-2023 pause, with $2 million in repurchases including employee grant vesting.
Debt at end of 2024 was $32 million (0.9x leverage), with $2 million cash on hand; since 2019, 19 million shares repurchased, reducing dilution by 6%.
Market positioning and growth drivers
Dice and ClearanceJobs serve highly specialized tech and security-cleared talent markets, with limited direct competition.
Dice has 4,400 subscription clients, with a target market of over 100,000 U.S. companies; ClearanceJobs has 1,900 clients, with over 10,000 potential facility-cleared companies and 100+ federal agencies as prospects.
About half of U.S. tech staffing firms are clients, with ongoing efforts to capture the remainder.
Case studies show long-term client spend growth, especially among non-big tech firms, highlighting value for less prominent employers.
ClearanceJobs bookings have grown at a 15% CAGR over five years, with a 47% EBITDA margin; Dice bookings peaked in 2022 but are stabilizing as AI demand rises.
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