DHI Group Inc Reports Q2 2024 Financial Results
Intellectia.AI Updated: 2024-08-08
DHI Group, Inc. Reports Q2 2024 Financial Results
Overview: DHI Group, Inc. reported its financial results for the second quarter ending June 30, 2024.
Key Financial Metrics:
| Metric | Q2 2024 | Q2 2023 | YoY Change (%) | Consensus Estimate | Q1 2024 | QoQ Change (%) |
|---|---|---|---|---|---|---|
| Total Revenue | $36.0M | $38.7M | -7% | $36.1M | $36.3M | -1% |
| Earnings per Share (EPS) | $0.02 | $0.00 | N/A | $0.03 | $(0.01) | N/A |
Interpretation: DHI Group's total revenue for Q2 2024 was $36.0 million, which is a 7% decrease from Q2 2023 and slightly below the consensus estimate of $36.1 million. Quarter-over-quarter, revenue also decreased by 1% from Q1 2024. Despite lower revenue, the company managed to achieve an EPS of $0.02, a substantial increase from $0.00 in Q2 2023 and an improvement from the negative EPS in Q1 2024.
Revenue Performance by Segment:
| Segment | Q2 2024 Revenue | Q2 2023 Revenue | YoY Change (%) |
|---|---|---|---|
| ClearanceJobs | $13.4M | $12.4M | 8% |
| Dice | $23.1M | $26.8M | -14% |
Interpretation: The ClearanceJobs segment showed robust performance, with an 8% increase in revenue year-over-year driven by high demand for government security-cleared professionals. Conversely, the Dice segment experienced a 14% decline in revenue compared to the same period last year. This decrease is largely attributed to challenging macroeconomic conditions impacting renewal rates and new business activities.
Operational Data: No additional key operational data were provided.
Management Comments: There were no specific comments from the company's officers provided in the report.
Dividends and Share Repurchase Program: No information about dividends or share repurchase programs was provided.
Forward Guidance: The earnings report did not include any forward guidance.
Stock Price Movement: Following the earnings release, DHI Group's stock price saw a decline of approximately 5.85%.
DHI Group, Inc. offers career marketplaces for technology and government security clearance professionals, and their recent financial performance highlights both strengths and challenges in their key market segments. With the stock price reacting negatively to the earnings release, investors may be cautious about the decreasing revenue trends, particularly in the Dice segment.
