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Dice Holdings, Inc. Reports Fourth Quarter and Full Year 2010 Results

NEW YORK Feb. 1, 2011 December 31, 2010

Fourth Quarter Results

December 31, 2010 $37.9 million $26.7 million $2.7 million $0.3 million

$10.9 million $7.2 million $0.8 million $0.5 million June 30, 2011

December 31, 2010 $5.7 million $3.9 million $0.08 $0.06 $0.02

December 31, 2010 $12.4 million $6.4 million

December 31, 2010 $17.0 million $11.4 million

Operating Segment Results

September 30, 2010 North America North America June 30, 2010

December 31, 2010 $24.8 million

December 31, 2010 $9.7 million $0.3 million

$2.7 million December 31, 2010 August 11, 2010 May 6, 2010

June 10, 2009 $0.7 million December 31, 2010

Full Year 2010 Operating Results

December 31, 2010 $129.0 million $110.0 million $0.5 million

$88.2 million December 31, 2010 $33.7 million $4.4 million $2.6 million

December 31, 2010 $18.9 million $13.5 million December 31, 2009 $0.28 December 31, 2010 $0.20

December 31, 2010 $47.1 million $22.8 million December 31, 2010 $52.1 million $49.6 million

Balance Sheet

December 31, 2010 $49.2 million $44.7 million September 30, 2010 $33.9 million December 31, 2009 $15.3 million December 31, 2009

$4.2 million December 31, 2010 $45.2 million $41.0 million $14.8 million September 30, 2010 $57.0 million $42.2 million $16.0 million

Recent Developments

January 2011 $6.0 million

Management Comments

Scot Melland

Michael Durney

Business Outlook

February 1, 2011 March 31, 2011 December 31, 2011 December 31, 2009

Quarter ending
March 31, 2011

Year ending
December 31, 2011

Revenues

$39  mm

$172 mm

Year/Year Increase in Revenues

46%

33%

Estimated Contribution by Segment

Tech & Clearance

65%

65%

Finance

25%

25%

Energy

8%

8%

Other

2%

2%

Sales & Marketing expense

$15 mm

$57 mm

Adjusted EBITDA

$14 mm

$71 mm

Depreciation and amortization

$4.0 mm

$15.5 mm

Non-cash stock compensation expense

$1.5 mm

$  5.5 mm

Interest expense, net

$0.5 mm

$  2.0 mm

Income taxes

$2.9 mm

$17.3 mm

Net income

$5.1 mm

$30.7 mm

Adjusted EBITDA Margin

36%

41%

Fully diluted share count

70 mm

71 mm

Conference Call Information

8:30 a.m. Eastern time Scot W. Melland Michael P. Durney

February 8, 2011

www.diceholdingsinc.com

Upcoming Investor Conference

Wednesday, February 9, 2011 San Francisco, California 2:05 PM Pacific time 5:05 PM Eastern time www.diceholdingsinc.com

Investor Contact :

Jennifer Bewley

Director, Investor Relations

Dice Holdings, Inc.

212-448-4181

[email protected]

Media Contact :

Makovsky + Company

Kona Luseni

212-508-9684

[email protected]

About Dice Holdings, Inc.

North America Europe Middle East Asia Australia

Notes Regarding the Use of Non-GAAP Financial Measures

the United States

Adjusted EBITDA

$250,000

We consider Adjusted EBITDA, as defined above, to be an important indicator to investors because it provides information related to our ability to provide cash flows to meet future debt service, capital expenditures and working capital requirements and to fund future growth as well as to monitor compliance with financial covenants.  We present Adjusted EBITDA as a supplemental performance measure because we believe that this measure provides our board of directors, management and investors with additional information to measure our performance, provide comparisons from period to period and company to company by excluding potential differences caused by variations in capital structures (affecting interest expense) and tax positions (such as the impact on periods or companies of changes in effective tax rates or net operating losses), and to estimate our value.  

We present Adjusted EBITDA because covenants in our Credit Agreement contain ratios based on this measure.  Our Credit Agreement is material to us because it is one of our primary sources of liquidity.  If our Adjusted EBITDA were to decline below certain levels, covenants in our Credit Agreement that are based on Adjusted EBITDA may be violated and could cause a default and acceleration of payment obligations under our Credit Agreement.

Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our profitability or liquidity.

Free Cash Flow

We define free cash flow as net cash provided by operating activities minus capital expenditures. We believe free cash flow is an important non-GAAP measure as it provides useful cash flow information regarding our ability to service, incur or pay down indebtedness or repurchase our common stock.  We use free cash flow as a measure to reflect cash available to service our debt as well as to fund our expenditures.  A limitation of using free cash flow versus the GAAP measure of net cash provided by operating activities is that free cash flow does not represent the total increase or decrease in the cash balance from operations for the period since it excludes cash used for capital expenditures during the period.

Net Cash/Net Debt

Net Cash is defined as cash and cash equivalents and marketable securities less total debt. Net Debt is defined as total debt less cash and cash equivalents and marketable securities. We consider Net Cash and Net Debt to be important measures of liquidity and indicators of our ability to meet ongoing obligations.  We also use Net Cash and Net Debt, among other measures, in evaluating our choices for capital deployment.  Net Cash and Net Debt presented herein are non-GAAP measures and may not be comparable to similarly titled measures used by other companies.

Forward-Looking Statements

December 31, 2009 www.diceholdingsinc.com

You should keep in mind that any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

DICE HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(in thousands except per share amounts)

For the three months
ended December 31,

For the year
ended December 31,

2010

2009

2010

2009

Revenues

$ 37,889

$ 26,680

$ 128,997

$ 109,991

Operating expenses:

Cost of revenues

2,600

1,931

9,573

7,501

Product development

2,132

980

6,747

3,866

Sales and marketing

11,696

9,061

44,183

35,241

General and administrative

6,129

4,008

20,736

18,857

Depreciation

1,040

929

4,122

3,715

Amortization of intangible assets

2,913

2,540

11,431

14,270

Change in acquisition related contingencies

528

47

Total operating expenses

27,038

19,449

96,839

83,450

Operating income

10,851

7,231

32,158

26,541

Interest expense

(569)

(1,631)

(3,376)

(6,801)

Deferred financing cost write-off

(1,388)

Interest income

24

40

112

213

Gain from interest rate hedges

454

216

1,505

Other expense

(4)

(77)

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