Grid Dynamics Beats Q1 Estimates with $104.1M Revenue and $0.09 Adjusted EPS
Grid Dynamics reported a $1.5 million Q1 net loss (2 cents per share) but achieved adjusted EPS of $0.09, topping the 8-cent consensus. Q1 revenue hit $104.1 million versus the $103.2 million forecast, with Q2 guidance of $106M–$108M and full-year outlook of $435M–$465M.
1. Q1 Financial Performance
Grid Dynamics posted a net loss of $1.5 million in Q1, or 2 cents per share. Adjusted earnings reached $0.09 per share, outperforming the 8-cent consensus, while revenue came in at $104.1 million, exceeding the $103.2 million projected by analysts.
2. Guidance and Outlook
For Q2, the company anticipates revenue between $106 million and $108 million. Full-year revenue is expected in a range of $435 million to $465 million, reflecting management’s confidence in sustained growth despite the first-quarter net loss.