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Dec 31, 2021
Grid Dynamics Q4 2021 Earnings Report
Reported record revenue with substantial year-over-year growth and strategic expansion.
Key Takeaways
Grid Dynamics reported a record fourth quarter revenue of $66.5 million, representing a 120.9% increase year-over-year. The company's growth was driven by expansions across various verticals and customer acquisitions, including contributions from recent acquisitions. Despite a GAAP net loss, the company achieved non-GAAP profitability and significant EBITDA growth.
Total revenue reached $66.5 million, marking a 120.9% increase year-over-year.
GAAP gross profit was $27.3 million, or 41.1% of revenue.
Non-GAAP net income was $7.1 million, or $0.10 per diluted share.
The company's cash and cash equivalents totaled $144.4 million at the end of the year.
Revenue by Segment
Forward Guidance
The company expects revenue in the first quarter of 2022 to be in the range of $55 million to $60 million, with adjusted EBITDA expected to be between 8% and 12% of revenue, or $4.4 million and $7.2 million.
Positive Outlook
- Revenue in the first quarter of 2022 is expected to be in the range of $55 million to $60 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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