earnings
confidence medium
sentiment positive
materiality 0.75
Grid Dynamics Q1 revenue record $71.4M, up 82.5% YoY; non-GAAP EPS $0.10
GRID DYNAMICS HOLDINGS, INC.
2022-Q1 EPS reported
-$0.04
revenue$71,410,000
- Revenue $71.4M, record, up 7.3% seq and 82.5% YoY.
- GAAP net loss $2.7M ($0.04 loss/share); Non-GAAP net income $6.9M ($0.10 diluted EPS).
- TMT vertical 30% of rev, grew 48.8% YoY; Retail vertical 32.6%, grew 163.4% YoY.
- Total customers 213, up from 184 a year ago; added 6 new enterprise customers.
- CEO notes confidence in Q2 based on demand trends; guidance implies continued growth.