NASDAQ$GDYN
Grid Dynamics Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported revenue of $80.6 million, representing a 21.1% year-over-year increase, and non-GAAP EPS of $0.14, exceeding expectations.
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.
Headline financials
Revenue & EPS history
Grid Dynamics · Revenue · Quarterly
$80.6M
Revenue by segment
Grid Dynamics · $80.6M total across 5 segments · Q4 2022
- TMT$27.2M+38.8%33.7%
- Retail$25.7M+17.4%31.8%
- CPG/Manufacturing$14.1M+3.4%17.5%
- Other$7.42M+10.8%9.2%
- Finance$6.24M+30.6%7.7%
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.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
+3.2%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+4.7%
Avg return
30 days after
69%
20 / 29 earnings
Positive
+28.3%
Q3 2021
Best reaction
-20.6%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | +8.7% | +28.3% | |
| Q4 2025 | -7.0% | -7.4% | -19.3% | |
| Q3 2025 | +22.9% | +18.0% | +15.3% | |
| Q1 2025 | -3.1% | -5.3% | -11.0% | |
| Q4 2024 | +4.3% | -2.8% | -20.6% | |
| Q3 2024 | -4.3% | +0.6% | +14.9% | |
| Q2 2024 | +7.3% | +4.7% | +7.9% | |
| Q1 2024 | +1.6% | +9.7% | -4.1% | |
| Q4 2023 | +5.0% | +2.7% | -9.5% | |
| Q3 2023 | +16.5% | +13.6% | +23.0% | |
| Q2 2023 | +16.9% | +13.9% | +21.8% | |
| Q1 2023 | -20.6% | -25.0% | -13.8% | |
| Q4 2022 | +4.0% | -1.9% | -9.9% | |
| Q3 2022 | -9.7% | -13.8% | -4.7% | |
| Q2 2022 | +2.7% | +0.6% | +2.8% | |
| Q1 2022 | +14.6% | +5.1% | +22.7% | |
| Q4 2021 | -15.5% | +7.0% | +23.6% | |
| Q3 2021 | +28.3% | +28.1% | +30.5% | |
| Q2 2021 | +18.5% | +15.1% | +44.0% | |
| Q1 2021 | +7.2% | +7.2% | +8.8% | |
| Q4 2020 | -7.7% | -4.4% | +2.3% | |
| Q3 2020 | +10.9% | +12.5% | +37.3% | |
| Q2 2020 | +4.2% | +8.4% | +8.4% | |
| Q1 2020 | -15.2% | -12.1% | -6.5% | |
| Q2 2019 | +1.8% | -15.6% | -32.1% | |
| Q4 2019 | +1.8% | -15.6% | -32.1% | |
| Q3 2019 | +4.5% | +4.1% | +6.7% | |
| Q1 2019 | +0.3% | +0.3% | +0.7% | |
| Q4 2018 | -0.2% | -0.2% | +0.1% |
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