Trade Grid Dynamics Holdings Inc - GDYN CFD

Grid Dynamics Holdings, Inc. Company profile

About Grid Dynamics Holdings Inc

Grid Dynamics Holdings, Inc. is providing enterprise-level digital transformation services. The Company offers collaborations to provide digital transformation initiatives, which include consulting, development of prototypes and enterprise-scale delivery of digital platforms. The Company is focused on providing technical consulting, software design, development, testing and Internet service operations. The Company offers solutions across various industries, including retail, technology, consumer packaged goods (CPG)/manufacturing, and finance sectors. The Company’s services include digital transformation strategy consulting, emerging technology engineering services, lean labs and legacy replatforming solutions. It applies various technologies, such as artificial intelligence (AI), data science, cloud computing, Big Data and DevOps to enable digital transformation across the enterprise.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Grid Dynamics Holdings Inc revenues increased 90% to $211.3M. Net loss decreased 39% to $7.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects General and administrative - Balancing v decrease of 56% to $10.9M (expense), Engineering, research, and development decrease of 21% to $5.5M (expense).