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  • Updates from DHI (Dice)
    By on August 5, 2019 | Comments Off on Updates from DHI (Dice)  Comments

    DHI Group, Inc. the owners of Dice.com and other job boards reported earnings recently. In summary, their revenue was pretty flat except for ClearanceJobs.com which is now up to $6 million in revenue. They also published what they are up to with each site which I thought you would find interesting.

    Second Quarter 2019 Financial Highlights

    • Revenues were $37.4 million. Ongoing tech-focused1 revenues were up 1% year over year and 2% excluding the effect of foreign exchange
    • Dice revenues were $23.2 million, down 1%, compared to the prior year period and up slightly on a sequential basis
    • eFinancialCareers revenues were $8.1 million, in line with the prior year period, excluding foreign exchange
    • ClearanceJobs revenues were $6.0 million, up 17% year over year
    • Net income was $3.1 million, or $0.06 per diluted share, compared to a net loss of $(0.2) million, or $0.00 per diluted share in the year ago quarter
    • Cash flow from operations was $11.1 million
    • Cash was $7.6 million; total debt reduced to $10 million
    • Adjusted EBITDA2 was $9.1 million and Adjusted EBITDA margin2 was 24%

    Commenting on the quarter, Art Zeile, President and CEO of DHI Group, Inc., said:

    “We are pleased to report our second consecutive quarter of year-over-year growth in our ongoing tech-focused1revenues, reflecting the solid progress we continue to make on our product, sales and marketing efforts. We further strengthened our product offering, adopting several industry leading product features from ClearanceJobs into our Dice and eFinancialCareers brands, and continued to build out our commercial sales team, which was launched late last year. While we still have lots of work ahead, we expect these efforts will further position DHI to become the industry leader for matching tech professionals with employers.”

    1 Excludes Dice Europe, which ceased operations August 31, 2018.  
    See “Notes Regarding the Use of Non-GAAP Financial Measures” later in this press release.

    Second Quarter 2019 Product Highlights

    Dice

    • Released Candidate Match, which uses DHI’s AI-based technology skills data model to grade each candidate’s skills, experience and relevance against the requirements of a job posting.
    • Launched improved employer Jobs Management in beta, with new features including improved search, metrics-at-a-glance and usage status, that enable a better workflow for our clients when it comes to managing their job postings.
    • Launched new personalized Dice.com home page for candidates that curates job recommendations, suggests profile updates and highlights salary predictions and career paths based on their profile.
    • Launched Job Search and Job Alerts in beta, which deliver improved search relevance and user experience to candidates by applying our tech skills data model.

    eFinancialCareers

    • Launched Recruiter Profile, which is the first step in creating a trusted network between recruiters and candidates. Recruiters can now create a profile with personalized photos, contact information and job postings that can be shared with candidates.
    • Launched Messaging platform in beta, which is an in-app messaging service that allows recruiters and candidates to chat in real time. In ClearanceJobs, Messaging and Recruiter Profile were successful in more than doubling recruiter connections with candidates.

    ClearanceJobs

    • Launched BrandAmp, which gives employers effective new ways to bring their job postings to life. With large format photos, videos, social links and featured company recruiters, BrandAmp creates a compelling first impression to security-cleared professionals.

    Business Outlook

    The Company expects its ongoing tech-focused1 business will continue to achieve modest year over year revenue growth in the second half of the year. The Company further anticipates that Dice will turn to positive year over year revenue growth in the fourth quarter of 2019. The Company expects its Adjusted EBITDA marginfor the full year to be approximately 23%, as the Company continues to increase its product and engineering capacity, as well as invest in more sales and marketing resources to accelerate growth. The Company is unable to provide guidance for net income because it cannot reasonably assess the impact of stock-based compensation and income tax expense.

  • Dice Owner Sells Off Hcareers Job Board
    By on May 23, 2018 | Comments Off on Dice Owner Sells Off Hcareers Job Board  Comments

    DHI Group, Inc. (NYSE: DHX) the parent company of tech job board Dice.com, has sold its hospitality job board, Hcareers, to Virgil Holdings, Inc. for approximately $16.5 million in cash.

    The transaction closed today and DHI will use the proceeds in accordance with its stated capital allocation strategy, including the “reduction of the balance on its revolving credit facility, support of strategic initiatives and potential return of capital to shareholders.” This sales comes on the heel of selling off its Healthecareers job site business back in December of last year.

    With a sale price of $16.5 million I would guesstimate Hcareers annual revenue at around $5 million. So thats roughly 3X revenue which most sites of this size tend to go for.

    DHI announced last year it would be divesting its non core job sites and this marks another milestone in that process. Their new CEO said this about the deal in a press release.;

    “Virgil Holdings, Inc. is a great new home for Hcareers, which will no doubt benefit from being part of a company closely aligned with the hospitality industry that is transforming how candidates and employers come together,” said Art Zeile, President and CEO of DHI Group, Inc. “We are pleased with the outcome of this transaction, as it helps us concentrate on our core strategy of bringing relevant career opportunities to tech professionals and qualified technology talent to employers.”

    The new owner, Virgil Holdings Inc. owns and operates Virgil Careers, a career transition platform. Virgil is based in New York City.

  • News from the Job Board World
    By on December 11, 2017 | Comments Off on News from the Job Board World  Comments

    job board news

    DHI Group just announced the sale of its health job site, Heath eCareers via press release this morning. j2 Global is the new owner. According to the release, the purchase price was $15 million.

    DHI Sells Health Job Site for $15 Million

    Indeed.com reclaims domain

    Job search-engine Indeed has recovered lndeed.net following a dispute at the Alternative Dispute Resolution forum.Indeed claimed that the domain was being used in bad faith to attract legitimate users for commercial gain.

    Sole panelist Paul DeCicco said that the original owner of the domain, Zhiteng Sun, was likely aware of Indeed’s reputation and trademarks at the time of registration, evidencing bad faith and that the domain was “confusingly similar’ to Indeed’s trademark. [Link]

    Oilpro Lawsuit Exposes DHI Group’s Hypocrisy

    Oilpro.com has filed a lawsuit against DHI Group in Texas alleging that Dice Open Web, under the direction of DHI Group’s executive team, illegally scraped and mined data from rival sites – the same practices it says Oilpro engaged in two years ago.

    This is after the founder of OilPro was sentenced a year in jail! Wait now he’s suing them? You can’t make this stuff up…[Link]. Joel Cheesman also has a writeup on it here.

    Life Sciences Recruitment Site Clora Raises $3.3 Million

    It often takes about 14 years and $2 billion to develop a drug and get it into the hands of doctors and patients. However, a marketplace with enough breadth and quality of talent could dramatically reduce this cost. This is the premise of Clora, a Cambridge, Massachusetts-based startup that raised its first $3.3 million seed round with the aim of helping life sciences companies hire the right talent quickly. They take 20% of the hired person’s salary so they are pay per hire. [Link]

     

  • Job Board Notes
    By on December 5, 2017 | Comments Off on Job Board Notes  Comments

    job board news

    Indeed only wants affiliate partners with 5,000 monthly visitors.

    A reader sent me this;

    hen reviewing applications, the Business Development team looks for the following:

    -The publisher meets the traffic requirement. The partner must have a minimum of 5,000 legitimate, unique pageviews per day.

    -The appearance and quality of the website is well established/designed. The job seeker experience is important to Indeed, so this is important.

    -The partnership would have growth and potential. They primarily partner with websites that are job opportunity focused or has relevance that adds value to Indeed.

    Again, If you are approved, a representative from the Business Development Team will reach out and contact you directly. However, if you do not hear a response, your application was not approved at this time.

    JobG8 Launches Email Alerts

    Allowing Job boards to increase their reach and earn more revenue 

    Jobg8, a Global provider of solutions for Job Boards, has launched an email job alerting service which maximizes the effect of push technology to broaden a jobs reach. The new service provides candidates with more job matches and what’s more the job board gets paid for the privilege.

    If you already buy traffic from them your jobs will automatically be included. The emails come from integrating with a job board or recruiter’s candidate list who have opted in and requested to be sent job alerts by email. [Blog post]

    CDLjobs.com Forms ATS Partnership

    CDLjobs.com, a leading truck driving jobs website, today announced it has launched a new value-added option to its trucking company clients who want to recruit top truck drivers in the United States through TruckRight.

    TruckRight is considered by some to be the next generation of Applicant Tracking Systems as it enables Recruiting, Safety and HR to work seamlessly on a truly “All in One” platform. This feature-rich system encompasses Onboarding, Compliance Management, Electronic Driver Qualification Files and allows trucking companies to upload their own content.

    [Press Release]

    Job Board for Puerto Ricans Coming to the US

    A Central Florida entrepreneur has created a bilingual online job board to help find work for the thousands of Puerto Rican evacuees who are making their way to the state after fleeing deplorable conditions left in the wake of Hurricane Maria.

    LatinoJobsOnline.com has job postings in both English and Spanish in places like Orlando, Miami, Jacksonville, Tampa and even outside Florida. Unlike other leading job search websites, posting translations are readily accessible for non-English speakers. The job board was started by Robert Newland, a local businessman who owns the Lake Mary-based international talent management organization Newland Associates Group, Inc.

    [Full story]

    Analysts Think Dice.com Stock is Going Higher

    Several other equities research analysts also recently commented on the company. B. Riley reiterated a neutral rating and issued a $3.00 price objective on shares of DHI Group in a report on Wednesday, August 2nd. Cantor Fitzgerald reaffirmed a hold rating and set a $4.00 price objective on shares of DHI Group in a report on Friday, July 28th. Finally, ValuEngine cut DHI Group from a buy rating to a hold rating in a research note on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $6.25.

    [Full story]