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Dec 31, 2022
Grid Dynamics Q4 2022 Earnings Report
Reported revenue of $80.6 million, representing a 21.1% year-over-year increase, and non-GAAP EPS of $0.14, exceeding expectations.
Key Takeaways
Grid Dynamics reported strong Q4 2022 financial results, with revenue reaching $80.6 million, a 21.1% increase year-over-year. The company exceeded its revenue outlook and added 13 new enterprise customers. Non-GAAP EPS was $0.14. The company also acquired Mutual Mobile, Inc. in December 2022.
Total revenue was $80.6 million, a 21.1% increase year-over-year.
GAAP gross profit was $32.3 million or 40.1% of revenue.
Non-GAAP Net income was $10.5 million, or $0.14 per diluted share.
The company acquired Texas-based Mutual Mobile, Inc. in December 2022.
Revenue by Segment
Forward Guidance
The Company expects revenue in the first quarter of 2023 to be in the range of $78 million to $80 million and Adjusted EBITDA in the first quarter of 2023 is expected to be between $10 million and $11 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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