Grid Dynamics Q1 2024 Equity Update
Ticker: GDYN · Form: 10-Q · Filed: 2024-05-02T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, equity
TL;DR
GDYN equity accounts shifted in Q1 2024. Check the details.
AI Summary
Grid Dynamics Holdings, Inc. reported its first quarter 2024 results, ending March 31, 2024. The company's financial statements show changes in its equity accounts, including common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income, for the periods ending December 31, 2023, and March 31, 2024.
Why It Matters
This filing provides insight into the company's financial structure and how its equity has evolved, which can impact investor perception and valuation.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not indicate any immediate or significant new risks.
Key Numbers
- 2024-03-31 — Reporting Period End (End of the first quarter of 2024.)
- 2023-12-31 — Prior Period End (End of the previous fiscal year.)
Key Players & Entities
- GRID DYNAMICS HOLDINGS, INC. (company) — Filer
- 20240331 (date) — Reporting Period End Date
- 20240502 (date) — Filing Date
- ChaSerg Technology Acquisition Corp (company) — Former Company Name
FAQ
What were the specific changes in Grid Dynamics' retained earnings from December 31, 2023, to March 31, 2024?
The filing indicates a change in retained earnings for the period from January 1, 2024, to March 31, 2024, but the exact dollar amount requires further examination of the detailed financial statements within the 10-Q.
How did the Additional Paid-In Capital change during the first quarter of 2024?
The filing shows a period for 'AdditionalPaidInCapitalMember' from January 1, 2024, to March 31, 2024, indicating a change occurred, with specific figures detailed in the full report.
What is the significance of the 'AccumulatedOtherComprehensiveIncomeMember' figures for the periods ending March 31, 2024, and December 31, 2023?
These figures represent unrealized gains or losses that have not yet been recognized in the income statement, and their changes reflect fluctuations in items like foreign currency translation adjustments or pension adjustments.
When did Grid Dynamics Holdings, Inc. change its name from ChaSerg Technology Acquisition Corp?
The company changed its name from ChaSerg Technology Acquisition Corp on June 15, 2018.
What is the Standard Industrial Classification (SIC) code for Grid Dynamics Holdings, Inc.?
The SIC code for Grid Dynamics Holdings, Inc. is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
From the Filing
0001628280-24-020035.txt : 20240502 0001628280-24-020035.hdr.sgml : 20240502 20240502163255 ACCESSION NUMBER: 0001628280-24-020035 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 87 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240502 DATE AS OF CHANGE: 20240502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRID DYNAMICS HOLDINGS, INC. CENTRAL INDEX KEY: 0001743725 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 830632724 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38685 FILM NUMBER: 24909039 BUSINESS ADDRESS: STREET 1: 7660 FAY AVENUE STREET 2: SUITE H, UNIT 339 CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: (619) 736-6855 MAIL ADDRESS: STREET 1: 7660 FAY AVENUE STREET 2: SUITE H, UNIT 339 CITY: LA JOLLA STATE: CA ZIP: 92037 FORMER COMPANY: FORMER CONFORMED NAME: ChaSerg Technology Acquisition Corp DATE OF NAME CHANGE: 20180615 10-Q 1 gdyn-20240331.htm 10-Q gdyn-20240331 12-31 false 0001743725 2024 Q1 1 1 50.3 49.7 9 1 1 1 1 1 0001743725 2024-01-01 2024-03-31 0001743725 2024-04-29 xbrli:shares 0001743725 2024-03-31 iso4217:USD 0001743725 2023-12-31 iso4217:USD xbrli:shares 0001743725 2023-01-01 2023-03-31 0001743725 us-gaap:CommonStockMember 2023-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001743725 us-gaap:RetainedEarningsMember 2023-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001743725 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001743725 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001743725 us-gaap:CommonStockMember 2024-03-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001743725 us-gaap:RetainedEarningsMember 2024-03-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001743725 us-gaap:CommonStockMember 2022-12-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001743725 us-gaap:RetainedEarningsMember 2022-12-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001743725 2022-12-31 0001743725 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001743725 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001743725 us-gaap:CommonStockMember 2023-03-31 0001743725 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001743725 us-gaap:RetainedEarningsMember 2023-03-31 0001743725 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001743725 2023-03-31 0001743725 us-gaap:RestrictedStockUnitsRSUMember 2024-01-01 2024-03-31 0001743725 us-gaap:PerformanceSharesMember 2024-01-01 2024-03-31 0001743725 srt:ScenarioPreviouslyReportedMember srt:NorthAmericaMember 2023-01-01 2023-03-31 0001743725 srt:NorthAmericaMember 2023-01-01 2023-03-31 0001743725 srt:EuropeMember srt:ScenarioPreviouslyReportedMember 2023-01-01 2023-03-31 0001743725 srt:EuropeMember 2023-01-01 2023-03-31 0001743725 gdyn:OtherGeographicRegionsNotIndividuallyDisclosedMember srt:ScenarioPreviouslyReportedMember 2023-01-01 2023-03-31 0001743725 gdyn:OtherGeographicRegionsNotIndividuallyDisclosedMember 2023-01-01 2023-03-31 0001743725 srt:ScenarioPreviouslyReportedMember 2023-01-01 2023-03-31 0001743725 gdyn:NextSphereTechnologiesIncMember 2023-04-18 xbrli:pure 0001743725 gdyn:NextSphereTechnologiesIncMember 2023-04-18 2023-04-18 0001743725 gdyn:MutualMobileIncMember 2022-12-23 gdyn:employee 0001743725 gdyn:MutualMobileIncMember 2022-12-23 2022-12-23 0001743725 gdyn:NextSphereTechnologiesIncMember 2023-10-01 2023-12-31 0001743725 gdyn:MutualMobileIncMember 2023-10-01 2023-12-31 0001743725 gdyn:NextSphereTechnologiesIncMember us-gaap:CustomerRelationshi