secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001628280-22-012631
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grid Dynamics Q1 revenue record $71.4M, up 82.5% YoY; non-GAAP EPS $0.10
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000162828022012631/0001628280-22-012631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000162828022012631/gdyn-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012631

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