Grid Dynamics: Q4 Earnings Snapshot

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SAN RAMON, Calif. (AP) _ Grid Dynamics Holdings, Inc. (GDYN) on Thursday reported a loss of $4.7 million in its fourth quarter.

The San Ramon, California-based company said it had a loss of 10 cents per share. Earnings, adjusted for one-time gains and costs, were 4 cents per share.

The company posted revenue of $30.1 million in the period.

For the year, the company reported a loss of $12.6 million, or 28 cents per share. Revenue was reported as $111.3 million.

For the current quarter ending in April, Grid Dynamics said it expects revenue in the range of $35 million to $36.5 million.

The company expects full-year revenue of $156 million.

Grid Dynamics shares have risen 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.80, a climb of 23% in the last 12 months.


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