secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001628280-23-036387
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grid Dynamics Q3 revenue flat at $77.4M; GAAP net income $0.7M, EPS $0.01
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- Revenue $77.4M, flat YoY; GAAP net income $0.7M (EPS $0.01) vs loss of $6.7M in Q3 2022.
- Non-GAAP net income $5.9M ($0.08 diluted EPS) vs $11.0M ($0.15) prior year; EBITDA $10.7M vs $17.1M.
- Gross margin declined to 36.4% GAAP from 40.3% YoY; non-GAAP gross margin 37.0% vs 40.7%.
- Finance vertical revenue grew 20.2% YoY to 9.4% of total; CPG & Manufacturing dropped 39.8% YoY.
- Signed 10 new enterprise customers in Q3; total 28 YTD; CEO cites improving demand trends for Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000162828023036387/0001628280-23-036387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000162828023036387/gdyn-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-036387

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