secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001628280-23-004826
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grid Dynamics Q4 revenue $80.6M beats guidance; full-year revenue up 47% to $310.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000162828023004826/0001628280-23-004826-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000162828023004826/gdyn-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-004826

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