DHI Group (DHX) Q4 2021 earnings summary

Executive summary

• Q4 2021 revenue rose 26% YoY to $33.7M; bookings increased 35% to $36.2M, and adjusted EBITDA was $7.1M.

• Subscription-led model: more than 90% of revenue was subscription-based, with a 90% FY21 revenue renewal rate.

Financial highlights

• Q4 revenue was $33.7M, up 26% YoY; net income was $0.2M and adjusted EBITDA was $7.1M.

• FY21 revenue totaled $119.9M; adjusted EBITDA was $26.2M, versus $22.6M in FY20.

• Q4 bookings reached $36.2M, up 35% YoY; operating cash flow was $3.0M and capex was $3.6M.

Outlook and guidance

• Managing for adjusted EBITDA margin at or near 20%; quarterly margin was 21% in Q4 2021.

• 2022 go-to-market plans include expanding Dice’s commercial accounts team and marketing channels, alongside government-account campaigns for ClearanceJobs.