earnings
confidence high
sentiment positive
materiality 0.75
Grid Dynamics posts record Q3 revenue of $57.9M, up 120% YoY; non-GAAP net income $7.9M
GRID DYNAMICS HOLDINGS, INC.
2021-Q3 EPS reported
-$0.07
revenue$144,743,000
- Revenue $57.9M, up 21.5% sequentially and 120% YoY; organic revenue $44.1M (+14.8% seq).
- GAAP net loss $0.5M ($0.01/share); non-GAAP net income $7.9M ($0.11/diluted share).
- Non-GAAP gross margin 43.9%; non-GAAP EBITDA $12.5M.
- Retail vertical grew 43.5% seq and 198.2% YoY; 215 customers, 7 new organic in Q3.
- CEO says exceeded expectations; confidence in Q4/2022; redeemed all outstanding warrants.