Grid Dynamics Q3 revenue $81.2M (+40% YoY); Non-GAAP EPS $0.15, EBITDA $17.1M

GRID DYNAMICS HOLDINGS, INC.

2022-Q3 EPS reported -$0.33 revenue$229,906,000

Revenue $81.2M, record 9th consecutive quarter; up 4.9% seq and 40.1% YoY.
GAAP net loss $(6.7)M ($(0.10)/share); Non-GAAP net income $11.0M ($0.15/diluted share).
Non-GAAP EBITDA $17.1M vs $12.5M in Q3 2021; gross margin 40.3% GAAP, 40.7% non-GAAP.
TMT vertical grew 49.7% YoY to 32.4% of revenue; Retail up 38.3% YoY; Finance +16.3%.
CEO cites new Fortune 30 clients, strengthened cloud partnerships, robust 2023 pipeline.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GRID DYNAMICS HOLDINGS, INC. reported quarter ended September 30, 2022 results: revenue $81.2 million, net income $(6.7) million, EPS $(0.10) per share.

Period: quarter ended September 30, 2022
Revenue: $81.2 million
Net income: $(6.7) million
EPS: $(0.10) per share
Result: reported results

Exact text from the filing

Grid Dynamics Reports Third Quarter 2022 Financial Results Record Revenue of $81.2 million

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Source: SEC EDGAR

accession 0001628280-22-028178

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