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Mar 31, 2022
Grid Dynamics Q1 2022 Earnings Report
Reported record revenue, marking the fifth consecutive quarter of record revenues, with growth across most verticals and customers.
Key Takeaways
Grid Dynamics reported record revenue of $71.4 million for Q1 2022, an increase of 82.5% year-over-year. The company experienced growth across most verticals and customers, with non-retail verticals representing 67.4% of revenue.
Total revenue was $71.4 million, an 82.5% year-over-year increase.
GAAP gross profit was $26.8 million, or 37.5% of revenue.
GAAP Net loss attributable to common stockholders was $(2.7) million, or $(0.04) per share.
Cash and cash equivalents totaled $153.3 million as of March 31, 2022.
Revenue by Segment
Forward Guidance
The Company expects revenue in the second quarter of 2022 to be between $72.0 million and $73.5 million. Non-GAAP EBITDA in the second quarter of 2022 is expected to be between $9.5 million and $11.0 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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