DHI Group Files Q2 2024 10-Q

TL;DR

DHI Group's Q2 2024 10-Q is in - check financials for latest performance.

AI Summary

DHI Group, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details the company's financial performance and position. Key financial data points such as revenue, net income, and cash flows for the reported periods are presented. The company's balance sheet reflects its assets, liabilities, and equity as of June 30, 2024, and December 31, 2023.

Why It Matters

This filing provides investors with a detailed look at DHI Group's financial health and operational results for the second quarter of 2024, influencing investment decisions.

Risk Assessment

Risk Level: medium — Quarterly reports can reveal significant shifts in financial performance or strategic direction that may impact a company's stock price.

Key Numbers

• 2024-06-30 — End of Reporting Period (Marks the end of the fiscal quarter for which financial data is reported.)
• 2024-08-07 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 2023-12-31 — Previous Year End (Provides a comparative balance sheet date from the prior fiscal year.)

Key Players & Entities

• DHI GROUP, INC. (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240807 (date) — Filing date
• 212-448-6605 (phone_number) — Company business phone number

FAQ

Key Financial Figures

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

Filing Documents

• dhx-20240630.htm (10-Q) — 1191KB
• q22024311certificationofce.htm (EX-31.1) — 7KB
• q22024312certificationofcf.htm (EX-31.2) — 8KB
• q22024321certificationofce.htm (EX-32.1) — 5KB
• q22024322certificationofcf.htm (EX-32.2) — 6KB
• 0001393883-24-000102.txt ( ) — 5986KB
• dhx-20240630.xsd (EX-101.SCH) — 37KB
• dhx-20240630_cal.xml (EX-101.CAL) — 58KB
• dhx-20240630_def.xml (EX-101.DEF) — 186KB
• dhx-20240630_lab.xml (EX-101.LAB) — 534KB
• dhx-20240630_pre.xml (EX-101.PRE) — 391KB
• dhx-20240630_htm.xml (XML) — 729KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Unaudited Financial Statements

Item 1. Unaudited Financial Statements 2 Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 Condensed Consolidated Statements of Operations for the three and six month periods ended June 30, 2024 and 2023 Condensed Consolidated Statements of Comprehensive Income for the three and six month periods ended June 30, 2024 and 2023 Condensed Consolidated Statements of Stockholders' Equity for the three and six month periods ended June 30, 2024 and 2023 Condensed Consolidated Statements of Cash Flows for the six month periods ended June 30, 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 19

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 33

Controls and Procedures

Item 4. Controls and Procedures 33

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 35

Risk Factors

Item 1A. Risk Factors 35

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35

Other Information

Item 5. Other Information 36

Exhibits

Item 6. Exhibits 37

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) June 30, 2024 December 31, 2023 ASSETS Current assets Cash $ 2,955 $ 4,206 Accounts receivable, net of allowance for doubtful accounts of $ 1,238 and $ 1,313 22,269 22,225 Income taxes receivable 360 221 Prepaid and other current assets 3,746 4,237 Total current assets 29,330 30,889 Fixed assets, net 23,168 25,272 Capitalized contract costs 7,078 6,364 Operating lease right-of-use assets 7,098 4,759 Investments 1,873 1,918 Acquired intangible assets 23,800 23,800 Goodwill 128,100 128,100 Other assets 3,938 4,100 Total assets $ 224,385 $ 225,202 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $ 12,205 $ 17,408 Deferred revenue 51,709 49,463 Operating lease liabilities 1,715 2,006 Total current liabilities 65,629 68,877 Deferred revenue 559 508 Operating lease liabilities 9,533 6,543 Long-term debt 35,000 38,000 Deferred income taxes 2,264 2,214 Accrual for unrecognized tax benefits 1,145 1,032 Other long-term liabilities 432 486 Total liabilities 114,562 117,660 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: 80,902 and 78,764 shares, respectively; outstanding: 48,348 and 46,875 shares, respectively 810 789 Additional paid-in capital 266,253 261,824 Accumulated other comprehensive loss ( 30 ) ( 83 ) Accumulated earnings 31,659 32,228 Treasury stock, 32,554 and 31,889 shares, respectively ( 188,869 ) ( 187,216 ) Total stockholders' equity 109,823 107,542 Total liabilities and stockholders' equity $ 224,385 $ 225,202 See accompanying notes to the condensed consolidated financial statements. 2 Table of Contents DHI GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS

View Full Filing

View this 10-Q filing on SEC EDGAR