GDYN Earnings Prediction
The chart below shows how GDYN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GDYN sees a +3.47% change in stock price 10 days leading up to the earnings, and a +3.14% change 10 days following the report. On the earnings day itself, the stock moves by -0.72%. This data can give you a slight idea of what to expect for the next quarter's release.
GDYN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
87.44M
12.94%
5.30%
Gross Margin
37.43%
2.94%
5.14%
Operating Margin
2.44%
1255.56%
4780.00%
Net Margin
4.90%
463.22%
-600.00%
EPS
0.05
400.00%
-600.00%
No Data Available
GDYN Earnings Analysis
Grid Dynamics Holdings, Inc. Class A Common Stock Corporation (GDYN.O) Earnings Conference Call
Positive
Record Revenue Achievement: Grids Dynamics reported a record revenue of $87.4 million, exceeding guidance range of $84 million to $86 million.
EBITDA Exceeds Guidance: The non-GAAP EBITDA of $14.8 million exceeded guidance range of $12.3 million to $13.3 million.
Retail Growth Metrics: The retail vertical grew by 11.4% and 12.4% on a sequential and year-over-year basis, respectively.
Headcount Increase: The company ended the third quarter with a total headcount of 4,298, up from 3,961 in the second quarter of 2024.
Partnership Revenue Contribution: Year-to-date, partnership revenue contribution is 18% of total revenue.
Negative
Customer Revenue Contribution: During the third quarter, our revenue from our top five and top ten customers were 39.8% and 59.2%, respectively, versus 36.8% and 54% in the same period a year ago, respectively.
Customer Count Decline: During the third quarter, we had a total of 201 customers, down from 208 in the second quarter of 2024 and 224 in the year-ago quarter.
Health Care Revenue Decline: Our health care and pharma, representing 2.9% of our revenues, decreased 20.5% and 26.9% sequentially and on a year-over-year basis, respectively.
Quarterly Non-GAAP Net Income: Our non-GAAP net income during the quarter was $4.3 million or $0.05 per share based on a diluted share count of 78.8 million shares, compared to the second quarter loss of $0.8 million or $0.01 per share based on a diluted share count of 76.6 million.
Gross Profit Analysis: Our GAAP gross profit during the quarter was $32.7 million or 37.4%, compared to $29.6 million or 35.6% in the second quarter of 2024 and $28.2 million or 36.4% in the year-ago quarter.
GDYN FAQs
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GDYN Earning Call Sentiment
Grid Dynamics Holdings, Inc. (GDYN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GDYN.O
4.35%Positive
The earnings call reveals strong financial performance, with record revenue and significant profitability growth. Positive guidance for Q3 and Q4, alongside expanding AI capabilities, bolster sentiment. Risks, such as competitive pressures and regulatory issues, are present but mitigated by strong partnerships and client trust. The Q&A highlights growth driven by AI solutions and stable pricing, indicating positive market sentiment. Despite no share repurchase program, the overall outlook is optimistic. Given the strong financial results and optimistic guidance, a positive stock price movement is expected over the next two weeks.
