Yahoo Finance Grid Dynamics Holdings Full Year 2023 Earnings: EPS Beats Expectations
Grid Dynamics Holdings (NASDAQ:GDYN) Full Year 2023 Results
Key Financial Results
Revenue: US$312.9m (flat on FY 2022).
Net loss: US$1.77m (loss narrowed by 94% from FY 2022).
US$0.023 loss per share (improved from US$0.42 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grid Dynamics Holdings EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 59%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 4.9% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Grid Dynamics Holdings' balance sheet.
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