Grid Dynamics Q4 revenue $78.1M beats guidance; GAAP net income turns positive

GRID DYNAMICS HOLDINGS, INC.

2023-FY EPS reported -$0.02 revenue$312,910,000

Q4 revenue $78.1M, flat sequentially and down 3.1% YoY; full year $312.9M, up 0.8% YoY.
GAAP net income Q4 $2.9M ($0.04 diluted EPS) vs net loss of $6.7M ($0.09 loss) in Q4 2022.
Non-GAAP net income Q4 $5.7M ($0.07 diluted) vs $10.5M ($0.14) in prior year; margin compressed.
Q4 revenue exceeded guidance range of $76M-$78M; CEO cites improving demand environment.
Added 5 new enterprise logos in Q4; Retail vertical mix declined to 31.5% from 34.3% sequentially.

item 2.02 item 9.01

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 the fourth quarter ended December 31, 2023 results: revenue $78.1 million, net income $2.9 million, EPS $0.04 per share.

Period: the fourth quarter ended December 31, 2023
Revenue: $78.1 million
Net income: $2.9 million
EPS: $0.04 per share
Result: reported results

Exact text from the filing

Total revenue was $78.1 million, flat sequentially and decreased 3.1% year-over-year.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GRID DYNAMICS HOLDINGS, INC. reported the full year ended December 31, 2023 results: revenue $312.9 million, net income $1.8 million, EPS $(0.02) per share.

Period: the full year ended December 31, 2023
Revenue: $312.9 million
Net income: $1.8 million
EPS: $(0.02) per share
Result: reported results

Exact text from the filing

Total revenue was $312.9 million, an increase of 0.8% year-over-year.

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Source: SEC EDGAR

accession 0001628280-24-006330

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