DHI Group has netted a 29% year-over-year increase in total revenue for the second quarter, taking the indicator to $37.1 million.
Its total bookings climbed by 27% during the same timeframe to stand at $35.3 million.
Income from continuing operations was $1.5 million, compared to a loss of $200,000 in the same period of 2021, while net income also stood at $1.5 million.
The company’s adjusted EBITDA came to $7.8 million, giving an adjusted EBITDA margin of 21%, versus $7.1 million and 25% in the year-ago quarter.
DHI Group operates tech-centric U.S.-based job sites Dice.com and ClearanceJobs.com.
Announcing the results, president and CEO Art Zeile said that Dice had added 137 net new customers during the quarter. ClearanceJobs had performed “extremely well”, he added, noting that the site had gained 48 net new customers.
“With the significant supply-demand gap created by the increasing need for technologists and their record low unemployment rate, more employers need access to our growing community of tech candidates, and our sophisticated tool set, to find, attract, engage and hire the highest quality tech professionals,” said the CEO.
“We believe the total addressable market for our subscription-based offering is large and we are just scratching the surface in selling our offering to employers as open tech job postings reach record levels.”
CFO Kevin Bostick said that continued strong bookings growth should see third-quarter total revenue in the range of $37 million to $38 million, equivalent to growth of between 20% and 23% year over year.
For the full year 2022, the company is increasing its expected total revenue range to $145 million to $147 million from its previous range of $144 million to $146 million, he added.
Bostick said that DHI Group would “continue to balance our strong financial performance with increased sales and marketing investment to drive continued double-digit revenue growth.”