GRID DYNAMICS HOLDINGS INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
GDYN$14.06+5.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Loss and Comprehensive Loss
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF LOSS AND
COMPREHENSIVE LOSS
(In thousands, except per share data)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $79,817 | $80,080 |
| Cost of revenue | 52,152 | 51,505 |
| Gross profit | 27,665 | 28,575 |
| Operating expenses | ||
| Engineering, research, and development | 4,372 | 4,203 |
| Sales and marketing | 7,292 | 5,634 |
| General and administrative | 21,543 | 24,730 |
| Total operating expenses | 33,207 | 34,567 |
| Loss from operations | (5,542) | (5,992) |
| Other income/(expense), net | 2,525 | 1,682 |
| Loss before income taxes | (3,017) | (4,310) |
| Provision for income taxes | 931 | 3,660 |
| Net loss | $(3,948) | $(7,970) |
| Foreign currency translation adjustments, net of tax | (178) | 495 |
| Comprehensive loss | $(4,126) | $(7,475) |
| Loss per share | ||
| Basic | $(0.05) | $(0.11) |
| Diluted | $(0.05) | $(0.11) |
| Weighted average shares outstanding | ||
| Basic | 76,151 | 74,459 |
| Diluted | 76,151 | 74,459 |
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