DHI Group, Inc. Reports Fourth Quarter and Full Year 2017 Results

NEW YORK, Feb. 7, 2018

• Fourth quarter 2017 total revenues of $50.9 million, net income of $11.8 million and diluted EPS of $0.24, including $0.18 net benefit to EPS from unusual items impacting comparability to previous periods
• Cash flows from operations of $7.2 million in the fourth quarter;  Adjusted EBITDA of $11.4 million including $1.8 million net benefit from unusual items impacting comparability to previous periods
• Completed the disposition of Health eCareers for $15.0 million, resulting in a $6.7 million pre-tax gain

DHI Group, Inc. (NYSE: DHX) ("DHI" or the "Company"), a leading online career resource and talent acquisition platform for technology professionals and other select professional communities, today reported financial results for the quarter and year ended December 31, 2017.

"We accomplished a number of things in the fourth quarter, including having all the senior leaders of the functional areas in place, so the organization can execute on our strategy and our product roadmap. The early results are encouraging and the cadence that we established in the fourth quarter has set a strong foundation for 2018," said Michael Durney, President and Chief Executive Officer of DHI Group, Inc. "We initiated a number of product features and enhancements in the quarter and in the new year that we feel really good about. Given the favorable fundamentals of tech career services and the strong competitive environment, it's critical we move to capture market opportunity and ultimately work to return our business to growth."

Q4 2017 Tech-Focused Product and Business Highlights

Notable achievements as part of the tech-focused strategy:

• Launched several product features and improvements, including a new homepage and search functionality for eFinancialCareers, our new Dice homepage in beta that has reduced bounce rates and increased application rates, and a new salary tool which has improved user engagement
• Completed a Company-wide migration to a cloud-based platform, which will drive cost savings, improve SEO, result in faster response time, and accelerate product development and experimentation
• "Open Web First" go-to-market strategy drove 51% year-over-year growth in Dice customers with Open Web, increasing penetration of Dice recruitment package customers to 39% as of December 31, 2017, up from 24% a year ago
• On-boarded 80 additional search API clients and now have more than 950 customers with API integrations as of December 31, 2017, a 50% increase year-over-year
• Dice Careers app cumulative downloads were 58% higher than December 31, 2016

Q4 and Fiscal Year 2017 Segment Financial Highlights

"Fourth quarter results met our expectation of continuing modest top line trend improvement, and our continued focus on efficiency allowed us to maintain our levels of investment in product and marketing, without unduly impacting profitability," said Luc Grégoire, Chief Financial Officer. "We begin 2018 well positioned to execute our tech-focused strategy and realize the significant opportunity in the growing online tech recruitment market. While it may take a bit more time for our product roadmap to gain momentum and improve financial performance, initial feedback on product initiatives gives us confidence we are on the right path."