secwatch.observer — SEC 8-K summary
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Issuer:     GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK:        0001743725
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001628280-24-019988
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grid Dynamics Q1 revenue $79.8M, beats guidance; net loss narrows to $3.9M
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- Revenue of $79.8M (flat YoY, +2.2% QoQ) above guidance of $77-79M.
- GAAP net loss narrowed to $3.9M ($0.05 loss per share) from $8.0M loss a year ago.
- Non-GAAP net income $5.2M ($0.07 diluted EPS); Non-GAAP EBITDA $10.3M.
- Finance vertical revenue surged 57% YoY; Healthcare & Pharma separated as new vertical at 3.8% of revenue.
- CEO reports record billable engineers; new client wins at Fortune 1000 retailers and Fortune 500 telecom.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743725/000162828024019988/0001628280-24-019988-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743725/000162828024019988/gdyn-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-019988

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