DHI Group, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>DHI Group, Inc. has filed its Q1 2024 10-Q report, detailing financial performance and operational status as of March 31, 2024.</b>

AI Summary

DHI GROUP, INC. (DHX) filed a Quarterly Report (10-Q) with the SEC on May 10, 2024. DHI Group, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on December 31st. The filing was made on May 10, 2024. The company's previous name was DICE HOLDINGS, INC., with a name change date of March 21, 2007.

Why It Matters

For investors and stakeholders tracking DHI GROUP, INC., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial data, including revenue, net income, and balance sheet information, crucial for assessing the company's current financial health and performance trends. Understanding the details within this report allows stakeholders to evaluate DHI Group's strategic direction and its ability to navigate the competitive landscape of the talent acquisition technology sector.

Risk Assessment

Risk Level: medium — DHI GROUP, INC. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains routine financial information. However, the absence of specific financial performance metrics in the provided text means a deeper risk assessment based on numbers is not possible, necessitating a medium risk classification.

Analyst Insight

Review the full 10-Q filing to analyze specific financial metrics, revenue segments, and management's discussion of results to understand DHI Group's performance and outlook.

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed period of report)
• 2024-05-10 — Filing Date (Filed as of date)
• 2024-01-01 — Quarter Start Date (First quarter of fiscal year 2024)
• 2023-12-31 — Previous Fiscal Year End (Fiscal year end)

Key Players & Entities

• DHI GROUP, INC. (company) — Filer name
• DHX (company) — Ticker symbol
• 2024-03-31 (date) — Conformed period of report
• 2024-05-10 (date) — Filed as of date
• DICE HOLDINGS, INC. (company) — Former company name

FAQ

Industry Context

DHI Group operates in the talent acquisition technology sector, connecting employers with specialized technology professionals.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.

What Investors Should Do

1. Analyze the detailed financial statements within the 10-Q for revenue, expenses, and profitability.
2. Examine the Management's Discussion and Analysis (MD&A) section for insights into business performance and future outlook.
3. Review any disclosed risk factors or legal proceedings that could impact the company.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-10: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, following the 10-K annual report.

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share DHX New York Stock Exchange

Filing Documents

• dhx-20240331.htm (10-Q) — 858KB
• q12024311certificationofce.htm (EX-31.1) — 7KB
• q12024312certificationofcf.htm (EX-31.2) — 8KB
• q12024321certificationofce.htm (EX-32.1) — 5KB
• q12024322certificationofcf.htm (EX-32.2) — 6KB
• 0001393883-24-000088.txt (&nbsp;) — 5098KB
• dhx-20240331.xsd (EX-101.SCH) — 36KB
• dhx-20240331_cal.xml (EX-101.CAL) — 57KB
• dhx-20240331_def.xml (EX-101.DEF) — 179KB
• dhx-20240331_lab.xml (EX-101.LAB) — 517KB
• dhx-20240331_pre.xml (EX-101.PRE) — 380KB
• dhx-20240331_htm.xml (XML) — 502KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Unaudited Financial Statements

Item 1. Unaudited Financial Statements 2 Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 Condensed Consolidated Statements of Operations for the three-month periods ended March 31, 2024 and 2023 Condensed Consolidated Statements of Comprehensive Income for the three-month periods ended March 31, 2024 and 2023 Condensed Consolidated Statements of Stockholders' Equity for the three-month periods ended March 31, 2024 and 2023 Condensed Consolidated Statements of Cash Flows for thee-month periods ended March 31, 2024 and 2023 Notes to Condensed Consolidated Financial Statements

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 17

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 28

Controls and Procedures

Item 4. Controls and Procedures 28

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 30

Risk Factors

Item 1A. Risk Factors 30

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30

Other Information

Item 5. Other Information 31

Exhibits

Item 6. Exhibits 32

SIGNATURES

SIGNATURES Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 1 Table of Contents PART I

Financial Statements

ITEM 1. Financial Statements DHI GROUP, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (in thousands, except per share data) March 31, 2024 December 31, 2023 ASSETS Current assets Cash $ 3,240 $ 4,206 Accounts receivable, net of allowance for doubtful accounts of $ 1,307 and $ 1,313 31,760 22,225 Income taxes receivable — 221 Prepaid and other current assets 3,030 4,237 Total current assets 38,030 30,889 Fixed assets, net 24,492 25,272 Capitalized contract costs 7,297 6,364 Operating lease right-of-use assets 4,460 4,759 Investments 1,673 1,918 Acquired intangible assets 23,800 23,800 Goodwill 128,100 128,100 Other assets 4,051 4,100 Total assets $ 231,903 $ 225,202 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $ 14,610 $ 17,408 Deferred revenue 55,040 49,463 Income taxes payable 1,064 — Operating lease liabilities 2,136 2,006 Total current liabilities 72,850 68,877 Deferred revenue 676 508 Operating lease liabilities 6,023 6,543 Long-term debt 41,000 38,000 Deferred income taxes 3,194 2,214 Accrual for unrecognized tax benefits 1,113 1,032 Other long-term liabilities 462 486 Total liabilities 125,318 117,660 Commitments and contingencies (Note 11) Stockholders' equity Convertible preferred stock, $ .01 par value, authorized 20,000 shares; no shares issued and outstanding — — Common stock, $ .01 par value, authorized 240,000 ; issued: 80,564 and 78,764 shares, respectively; outstanding: 48,029 and 46,875 shares, respectively 807 789 Additional paid-in capital 263,950 261,824 Accumulated other comprehensive loss ( 61 ) ( 83 ) Accumulated earnings 30,716 32,228 Treasury stock, 32,535 and 31,889 shares, respectively ( 188,827 ) ( 187,216 ) Total stockholders' equity 106,585 107,542 Total liabilities and stockholders' equity $ 231,903 $ 225,202 See accompanying notes to the condensed consolidated financial statements. 2 Table of Contents DHI GROUP, INC. COND

View Full Filing

View this 10-Q filing on SEC EDGAR