8-K
filed February 23, 2023, 6:59 PM ET
ticker GDYN
CIK 0001743725
earnings
confidence high
sentiment positive
materiality 0.70
Grid Dynamics Q4 revenue $80.6M beats guidance; full-year revenue up 47% to $310.5M
GRID DYNAMICS HOLDINGS, INC.
2022-FY EPS reported
-$0.42
revenue$310,482,000
- Q4 revenue $80.6M, above outlook of $77-78M; up 21.1% YoY; full-year revenue $310.5M, up 47% YoY.
- GAAP net loss $(6.7)M ($(0.09)/share) in Q4 vs. $(3.6)M loss a year ago; non-GAAP net income $10.5M ($0.14/diluted).
- Non-GAAP EBITDA $16.5M in Q4 vs. $11.6M in Q4 2021; full-year non-GAAP EBITDA $58.2M vs. $39.1M.
- Acquired Texas-based Mutual Mobile in Dec 2022, adding mobile, UI/UX, AR/VR capabilities.
- TMT vertical grew 38.8% YoY; Retail grew 17.4% YoY; added 13 new enterprise customers in Q4.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
GRID DYNAMICS HOLDINGS, INC. reported quarter ended December 31, 2022 results: revenue $80.6 million, net income $(6.7) million, EPS $(0.09) per share.
- Period
- quarter ended December 31, 2022
- Revenue
- $80.6 million
- Net income
- $(6.7) million
- EPS
- $(0.09) per share
- Result
- reported results
Exact text from the filing
Total revenue was $80.6 million, a decrease of (0.7)% sequentially and an increase of 21.1% year-over-year. • GAAP gross profit was $32.3 million or 40.1% of revenue, compared to GAAP gross profit of $27.3 million or 41.1% of revenue in the fourth quarter of 2021. Non-GAAP gross profit was $32.7 million or 40.6% of revenue, compared to non-GAAP gross profit of $27.6 million or 41.4% of revenue in the fourth quarter of 2021. • GAAP Net loss attributable to common stockholders was $(6.7) million, or $(0.09) per share, based on 74.0 million weighted-average common shares outstanding in fourth quarter of 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
GRID DYNAMICS HOLDINGS, INC. reported year ended December 31, 2022 results: revenue $310.5 million, net income $(29.2) million, EPS $(0.42) per share.
- Period
- year ended December 31, 2022
- Revenue
- $310.5 million
- Net income
- $(29.2) million
- EPS
- $(0.42) per share
- Result
- reported results
Exact text from the filing
Total revenue was $310.5 million, an increase of 47.0% year-over-year. • GAAP gross profit was $120.6 million or 38.8% of revenue, compared to GAAP gross profit of $87.7 million or 41.5% of revenue in 2021. Non-GAAP gross profit was $121.9 million or 39.3% of revenue, compared to non-GAAP gross profit of $88.4 million or 41.8% of revenue in 2021. • GAAP Net loss attributable to common stockholders was $(29.2) million, or $(0.42) per share, based on 69.2 million weighted-average common shares outstanding
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.