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Mar 31, 2024
Grid Dynamics Q1 2024 Earnings Report
Reported revenue of $79.8 million and a GAAP net loss of $3.9 million.
Key Takeaways
Grid Dynamics reported first quarter revenue of $79.8 million, which was higher than the outlook range. However, the company experienced a GAAP net loss of $3.9 million.
Total revenues were $79.8 million, an increase of 2.2% on a sequential basis and flat on a year-over-year basis.
GAAP gross profit was $27.7 million, or 34.7% of revenues.
GAAP net loss attributable to common stockholders was $3.9 million, or $(0.05) per share.
The company reached the highest number of billable engineers in its history.
Revenue by Segment
Forward Guidance
The Company expects revenue in the second quarter of 2024 to be in the range of $80.0 million to $82.0 million and Non-GAAP EBITDA in the second quarter of 2024 is expected to be between $10.5 million and $11.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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