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Press Release: DHI Group Reports Fourth Quarter -4-

· 02/04/2021 16:15
EBITDA: Net income (loss) $ 1,995 $ 3,521 $ (30,015) $12,551 Interest expense 238 191 1,073 703 Income tax expense (benefit) (434) 685 (2,419) 3,773 Depreciation 2,940 2,542 12,019 9,743 Non-cash stock based compensation 1,391 1,569 6,327 5,704 Loss on sale of business -- -- -- 537 Disposition related and other costs -- -- -- 1,700 Legal contingencies and related fees -- (14) -- 149 Impairment of intangible assets -- -- 15,200 -- Impairment of goodwill -- -- 23,626 -- Impairment of equity investment -- -- 2,002 -- Gain on sale of equity investment -- -- (200) -- Severance and related costs 864 -- 2,285 -- Other 44 60 26 (1) Adjusted EBITDA $ 7,038 $ 8,554 $ 29,924 $34,859 Reconciliation of Operating Cash Flows to Adjusted EBITDA: Net cash provided by operating activities $ 4,239 $ 3,935 $ 18,683 $22,923 Interest expense 238 191 1,073 703 Amortization of deferred financing costs (37) (37) (147) (147) Income tax expense (benefit) (434) 685 (2,419) 3,773 Deferred income taxes 698 (1,920) 2,918 (2,493) Change in accrual for unrecognized tax benefits 508 212 446 (107) Change in accounts receivable 3,438 5,550 (859) (1,694) Change in deferred revenue (1,306) (191) 8,193 4,583 Disposition related and other costs -- -- -- 1,700 Legal contingencies and related fees -- (14) -- 149 Severance and related costs 864 -- 2,285 -- Changes in working capital and other (1,170) 143 (249) 5,469 Adjusted EBITDA $ 7,038 $ 8,554 $ 29,924 $34,859 Dice Recruitment Package Customers Beginning of period 5,300 6,100 6,000 6,200 End of period 5,150 6,000 5,150 6,000 Average for the period (1) 5,200 6,100 5,500 6,100 Dice Average Monthly Revenue per Recruitment Package Customer (2) $ 1,120 $ 1,144 $ 1,132 $1,135 (1) Reflects the daily average of recruitment package customers during the period. (2) Reflects the simple average of each period presented.

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SOURCE DHI Group, Inc.

/Web site: www.dicholdingsinc.com

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February 04, 2021 16:15 ET (21:15 GMT)