Grid Dynamics Q4 revenue $66.5M (+120.9% YoY); FY revenue $211.3M; Ukraine war cited as risk

GRID DYNAMICS HOLDINGS, INC.

Q4 revenue $66.5M (+120.9% YoY); GAAP net loss $3.6M (-$0.05/sh); non-GAAP net income $7.1M ($0.10 diluted).
FY2021 revenue $211.3M (+89.9% YoY); GAAP net loss $7.7M (-$0.13/sh); non-GAAP net income $24.2M ($0.36 diluted).
Organic Q4 revenue $51.3M (+76% YoY) excluding $15.2M from Daxx/Tacit acquisitions.
CEO notes Russia-Ukraine war; business continuity activated, expedited hiring in Europe/LatAm, formed Grid Dynamics India.
Added 23 new customers in 2021 (vs 16 in 2020); total 221 customers at Q4 end.

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