secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001628280-24-006330
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000162828024006330/0001628280-24-006330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000162828024006330/gdyn-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-006330

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