Third-quarter revenue fell 5.7% year over year at DHI Group Inc. (NYSE: DHX), which operates the Dice and ClearanceJobs websites. The decline occurred in its Dice operations, where revenue fell 11.7%. ClearanceJobs revenue rose 5.9%. 

Bookings were down 7% year over year to $28.9 million in the third quarter. Dice bookings fell 15% year over year to $16.3 million but ClearanceJobs bookings rose 4% to $12.6 million. 

The Denver-based firm defines bookings as the value of all contractually committed services in which the contract start date is during the period and will be recognized as revenue within 12 months of the contract start date. 

Significant year-over-year growth in new tech job postings is encouraging and reflects that a broader recovery is starting to take place across DHI’s industry, according to President and CEO Art Zeile.  

“AI initiatives are increasingly driving demand for tech professionals,” Zeile said in a press release. “As businesses ramp up their investment in AI technology initiatives, we believe our 8.8 million technologist profiles and our proprietary tech skills mapping and search algorithms will be essential tools for employers looking to find the ideal candidates for their open tech job postings.” 

CFO Transition 

The company also reported CFO Raime Leeby on Nov. 11 resigned from her position, effective Nov. 15, to pursue an opportunity outside DHI. Current Vice President of Finance and Controller Greg Schippers, who has over 10 years of experience at DHI Group, will step in as interim CFO. 

Leeby was appointed CFO in December 2023 and previously was chief strategy officer and interim CFO at US Med-Equip.  

“Raime will be leaving at the end of the week to pursue an exciting opportunity with a former employer,” Zeile said. “We are grateful for her outstanding contributions as CFO, during which she strengthened our finance team’s processes, accountability and culture.”  

Leeby will continue to serve the company as a consultant through Dec. 31 to help support a transition, according to a regulatory filing. 

DHI Group – Q3 2024 

Guidance 

DHI Group forecast fourth-quarter revenue to be down 7% to 8% year over year. It also expects fourth-quarter bookings to be down 8% to 10% year over year but return to growth in 2025. 

Share price 

Shares in DHI Group were down 10.51% to $1.58 as of 12:11 p.m. Eastern time today. They were 8.62% above their 52-week low.