Internet Software and Services
Company Overview of Dice Holdings, Inc.
Dice Holdings, Inc. provides career Websites and career fairs for professional communities. It operates in Tech & Clearance, Finance, Energy, Healthcare, and Hospitality segments. It operates Dice.com, a recruiting and career development Website for technology and engineering professionals in the United States; ClearanceJobs.com, which matches security-cleared professionals with hiring companies searching for employees; and The IT Job Board, a technology career site for the United Kingdom, Germany, Belgium, and the Netherlands, as well as a media service that targets IT decision makers and professionals. The company also operates eFinancialCareers.com, a financial services careers Website; R...
1040 Avenue of the Americas
New York, NY 10018
Founded in 1991
Key Executives for Dice Holdings, Inc.
Chief Executive Officer
Total Annual Compensation: $380.0K
Vice President of Business & Legal Affairs
Total Annual Compensation: $294.7K
Global Managing Director of Efinancialcareers
Total Annual Compensation: $270.3K
Compensation as of Fiscal Year 2012.
Dice Holdings, Inc. Key Developments
Dice Holdings, Inc. Appoints Bryan Bassett as Managing Director of HEALTHeCAREERS Network, Health Callings and BioSpace
Feb 13 14
Bryan Bassett has joined Dice Holdings, Inc. as Managing Director of HEALTHeCAREERS Network, Health Callings and BioSpace. Bassett founded HEALTHeCAREERS in 1992 and led as CEO until the business was sold to Warburg Pincus in 2007. Bryan has a deep understanding of the healthcare market and pioneered the association strategy that is foundational to HEALTHeCAREERS' success.
Dice Holdings Announces Appointment of Brian Schipper to the Board of Directors
Feb 10 14
Dice Holdings, Inc. announced Brian (Skip) Schipper, Vice President of Human Resources at Twitter, has been appointed to the company's board of directors. Prior to joining Twitter, Mr. Schipper was the Chief Human Resources Officer at Groupon where he oversaw the HR and administration functions globally and was integral to building the company's global HR infrastructure. Previously, Mr. Schipper was the Chief Human Resources Officer at Cisco Systems and has held executive level human resources roles at Microsoft, DoubleClick, PepsiCo, Compaq and Harris Corporation.
Dice Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter Ending March 31, 2014 and for the Year Ending December 31, 2014; Announces Impairment Charges
Feb 4 14
Dice Holdings, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. Revenues for the quarter ended December 31, 2013 totaled $58.4 million, an increase of 11% from $52.7 million in the comparable quarter of 2012 due primarily to revenues from businesses acquired within the past year. The company's net loss for the quarter ended December 31, 2013 totaled approximately $5.9 million, resulting in diluted loss per share of $0.11 compared to net income of $9.0 million or $0.15 per diluted share reported last year. Operating loss was $5.55 million against operating income of $14.6 million reported last year. Loss before income taxes was $7.5 million against income before income taxes of $14.2 million reported last year. Net cash flows from operating activities were $7.9 million against $10.1 million reported last year. Purchase of fixed assets was $1.8 million against $1.9 million reported last year. Adjusted EBITDA for the quarter totaled $19.2 million or 33% of revenues against $19.5 million reported last year.
Revenues for the year ended December 31, 2013 increased 9% to $213.5 million, as compared to $195.4 million in 2012. The increase was primarily driven by businesses acquired during the last year and strong growth at Rigzone. Net income for the year was $16.2 million or $0.27 per diluted share compared to net income of $38.1 million or $0.59 per diluted share reported last year. Operating income was $30.1 million against $58.9 million reported last year. Income before income taxes was $27.3 million against $56.8 million reported last year. Net cash provided by operating activities totaled $48.6 million, compared to $54.7 million in 2012. Purchase of fixed assets was $9.9 million against $5.9 million reported last year. Adjusted EBITDA for the year was $72.6 million or 34% of revenues against $77.4 million or 40% of revenues reported last year. Net Debt, defined as total debt less cash and cash equivalents and investments, was $79.6 million at December 31, 2013 compared to net debt of $15.3 million at September 30, 2013. The increase in debt was primarily driven by the acquisition of on Target jobs.
For the quarter, the company reported impairment of goodwill and intangible assets of $15 million.
For the first quarter ending March 31, 2014, the company expects adjusted EBITDA in the range of $18 million - $18.5 million, adjusted EBITDA margin to be 30% and net income expected to in the range of $4.4 million - $4.7 million. The company expects revenues of $60 million to $61 million.
For the year ending December 31, 2014, the company expects adjusted EBITDA in the range of $72.5 million - $75 million, adjusted EBITDA margin to be 30% and net income expected to in the range of $18 million - $19.5 million. Revenues are expected to be in the range of $242 million to $250 million.
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