secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0001628280-22-004898
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000162828022004898/0001628280-22-004898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000162828022004898/gdyn-20220303.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-004898

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