GDYN - Grid Dynamics GAAP EPS of $0.03 beats by $0.03 revenue of $77.3M beats by $0.68M

August, 03 2023 04:52 PM Grid Dynamics Holdings Inc.

2023-08-03 16:52:30 ET

Grid Dynamics press release ( NASDAQ: GDYN ): Q2 GAAP EPS of $0.03 beats by $0.03 .
Revenue of $77.3M (-0.1% Y/Y) beats by $0.68M .
Cash provided by operating activities was $22.6 million for the six months ended June 30, 2023, compared to cash provided by operating activities of $15.3 million for the six months ended June 30, 2022.
Cash and cash equivalents totaled $246.2 million as of June 30, 2023, compared to $256.7 million as of December 31, 2022.
The Company expects its third-quarter outlook to be similar to the second quarter outlook provided in May 2023 for both revenue and Non-GAAP EBITDA. Revenue in the third quarter of 2023 is expected to be between $76 million and $78 million and Non-GAAP EBITDA is expected to be between $10 million and $11 million.
For the third quarter of 2023, we expect our basic share count to be in the 75-76 million range and diluted share count to be in the 78-79 million range.

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