Loading...
•
Jun 30, 2022
Grid Dynamics Q2 2022 Earnings Report
Reported record revenue, reflecting growth across most verticals and customers.
Key Takeaways
Grid Dynamics reported a record revenue of $77.3 million for Q2 2022, representing a 62.2% year-over-year increase. The company experienced growth across most of its verticals and customers, marking the eighth consecutive quarter of record revenues.
Total revenue reached $77.3 million, a 62.2% increase year-over-year.
GAAP gross profit was $28.9 million, or 37.3% of revenue, compared to $19.8 million, or 41.5% of revenue in the prior year.
GAAP Net loss attributable to common stockholders was $(13.2) million, or $(0.20) per share.
Non-GAAP Net income was $8.2 million, or $0.12 per diluted share.
Revenue by Segment
Forward Guidance
The Company expects revenue in the third quarter of 2022 to be between $78.5 million and $80.0 million. Non-GAAP EBITDA in the third quarter of 2022 is expected to be between $12.6 million and $13.6 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
Loading earnings performance data...
Loading earnings reaction data...