secwatch.observer — SEC 8-K summary
======================================

Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001213900-21-040510
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grid Dynamics Q2 revenue $47.7M record, up 113% YoY; non-GAAP net income $6.1M
------------------------------------------------------------------------------

- Revenue $47.7M, up 21.8% sequentially and 113.1% YoY; organic revenue $38.4M, up 17.7% sequentially.
- GAAP net loss $(1.5)M ($(0.03)/share) improved from $(2.1)M in Q1; non-GAAP net income $6.1M ($0.10 diluted).
- Non-GAAP EBITDA $9.7M, up from $5.3M in Q1 and $1.2M in Q2 2020.
- 212 total customers (161 from acquisitions, 51 organic); organic added 5 new customers in Q2.
- Non-retail verticals 73.3% of revenue; Tech/Media/Telecom largest at 33.8%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000121390021040510/0001213900-21-040510-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000121390021040510/ea145210-8k_griddyn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-040510

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer