DHI Group, Inc. Raises Full Year Revenue Guidance at 2022 Analyst Day

Rhea-AI Summary

DHI Group, Inc. (NYSE: DHX) has raised its full-year 2022 revenue guidance to between $148 million and $149 million, reflecting a year-over-year growth of 23% to 24%. The company anticipates third-quarter revenue between $37 million and $38 million, representing a 20% to 23% increase. DHI plans to focus on sales and marketing investments to capture market share, maintaining Adjusted EBITDA margins of approximately 20% while aiming for 20% revenue growth in 2023.

Positive

• Raised full-year 2022 revenue guidance to $148M-$149M, 23%-24% YoY growth.
• Third-quarter revenue expected at $37M-$38M, 20%-23% YoY increase.
• Plans to maintain Adjusted EBITDA margins around 20% in 2022.

Negative

• None.

Webcast Replay of the Analyst Day is Available on the Company's Website

CENTENNIAL, Colo., Sept. 8, 2022 /PRNewswire/ -- DHI Group, Inc. (NYSE: DHX) today announced that at its 2022 virtual analyst day event held earlier today, the company raised its full year revenue guidance and provided a continued revenue growth outlook for 2023.

"Based on our continued strong bookings growth across both Dice and CJ, we are increasing our full year 2022 revenue guidance and now expect total revenue to be in the range of $148 million to $149 million, representing growth of between 23% and 24% year over year," commented Kevin Bostick Chief Financial Officer of DHI Group, Inc. "We continue to expect third quarter total revenue to be in the range of $37 million to $38 million, representing growth of between 20% and 23% year over year and will continue to operate the business to Adjusted EBITDA margins at or near 20% throughout 2022 as we continue to balance our strong financial performance with increased sales and marketing investment to drive continued double-digit revenue growth.

"While we are not yet providing specific long-term guidance for 2023, DHI intends to maintain its investment strategy in sales and marketing to capture incremental market share for each of its brands' total addressable market. As a result, DHI intends to stay within the Rule of 40 in 2023, with a bias to driving bookings and revenue growth, and anticipates maintaining Adjusted EBITDA margins of approximately 20%. As such, DHI expects to drive bookings and revenue growth in 2023 approaching or near 20% year over year. We anticipate that DHI's business model will see margin expansion approaching approximately 30% Adjusted EBITDA margins over time, however, the near-term focus will remain on investing to drive top-line growth."

DHI's 2022 investor day, with its theme "Where Tech Connects" was hosted by Art Zeile, President and Chief Executive Officer, with presentations by senior management that included details on:

• The tech hiring market and DHI's market opportunity
• The company's products and client needs
• The company's sales growth strategy
• The company's brand and awareness strategy
• The company's view on marketplaces that serve security-cleared talent
• The company's financial model and outlook

Speakers during the event included:

• Art Zeile, Chief Executive Officer
• Paul Farnsworth, Chief Technology Officer
• Arie Kanofsky, Chief Revenue Officer
• Michelle Marian, Chief Marketing Officer
• Evan Lesser, President and Founder of ClearanceJobs
• Kevin Bostick, Chief Financial Officer

Management also hosted a real-time question and answer session at the end of the investor presentation.

A replay of the event is available in the investor relations section of the DHI website at www.dhigroupinc.com.

Investor Contact
Todd Kehrli or Jim Byers
MKR Investor Relations, Inc.
212-448-4181
ir@dhigroupinc.com

Media Contact
Rachel Ceccarelli
VP of Engagement
212-448-8288
media@dhigroupinc.com

About DHI Group, Inc.
DHI Group, Inc (NYSE: DHX) is a provider of AI-powered career marketplaces that focus on technology roles. DHI's two brands, Dice and ClearanceJobs, enable recruiters and hiring managers to efficiently search for and connect with highly skilled technologists based on the skills requested. The Company's patented algorithm manages over 100,000 unique technology skills. Additionally, our marketplaces allow technology professionals to find their ideal next career opportunity, with relevant advice and personalized insights. Learn more at www.dhigroupinc.com.

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SOURCE DHI Group, Inc.

FAQ

What is DHI Group's updated revenue guidance for 2022?

DHI Group has raised its revenue guidance to between $148 million and $149 million for 2022.

What is the expected third-quarter revenue for DHI Group in 2022?

DHI Group expects third-quarter revenue to be between $37 million and $38 million.

What are DHI Group's Adjusted EBITDA margins for 2022?

DHI Group aims to maintain Adjusted EBITDA margins at approximately 20% in 2022.

What growth rate is DHI Group anticipating for 2023?

DHI Group anticipates a revenue growth rate of around 20% year over year for 2023.