secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001213900-21-056748
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grid Dynamics posts record Q3 revenue of $57.9M, up 120% YoY; non-GAAP net income $7.9M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000121390021056748/0001213900-21-056748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000121390021056748/ea149837-8k_griddyn.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-056748

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