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Jun 30, 2024
Grid Dynamics Q2 2024 Earnings Report
Reported record revenue and GAAP net loss for the second quarter of 2024.
Key Takeaways
Grid Dynamics reported record revenue of $83.0 million for Q2 2024, a 7.4% increase year-over-year. However, the company also reported a GAAP net loss of $0.8 million, or $(0.01) per share.
Total revenues were $83.0 million, an increase of 4.0% on a sequential basis and 7.4% on a year-over-year basis.
GAAP gross profit was $29.6 million or 35.6% of revenues.
GAAP net loss attributable to common stockholders was $0.8 million, or $(0.01) per share.
The company exited the second quarter with the highest billable engineers in the company’s history.
Revenue by Segment
Forward Guidance
The Company expects revenue in the third quarter of 2024 to be in the range of $84.0 million to $86.0 million. Non-GAAP EBITDA in the third quarter of 2024 is expected to be between $12.3 million and $13.3 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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