earnings
confidence high
sentiment positive
materiality 0.70
Grid Dynamics Q2 revenue $83.0M, above guidance; GAAP net loss $0.8M
GRID DYNAMICS HOLDINGS, INC.
2024-Q2 EPS reported
-$0.06
revenue$162,854,000
- Record revenue of $83.0M, above guidance range of $80-82M; up 7.4% YoY and 4% sequential.
- GAAP net loss $0.8M ($(0.01)/share) vs Q2 2023 net income $2.6M ($0.03). Non-GAAP net income $6.0M ($0.08 diluted).
- Finance vertical revenue up 86.2% YoY and 22.7% sequential; Retail and TMT top verticals.
- Non-GAAP EBITDA $11.7M vs $12.0M YoY; gross margin 35.6% GAAP, 36.2% non-GAAP.