2023 Q4 Form 10-Q Financial Statement

#000162828023036440 Filed on November 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $78.07M $77.42M
YoY Change -3.11% -4.61%
Cost Of Revenue $49.96M $49.27M
YoY Change 3.44% 1.6%
Gross Profit $28.11M $28.15M
YoY Change -12.91% -13.83%
Gross Profit Margin 36.01% 36.36%
Selling, General & Admin $25.32M $24.61M
YoY Change -23.74% -26.06%
% of Gross Profit 90.05% 87.41%
Research & Development $3.863M $3.402M
YoY Change -17.76% -17.81%
% of Gross Profit 13.74% 12.08%
Depreciation & Amortization $2.671M $2.480M
YoY Change 55.38% 52.43%
% of Gross Profit 9.5% 8.81%
Operating Expenses $29.18M $28.01M
YoY Change -22.99% -25.15%
Operating Profit -$1.065M $143.0K
YoY Change -81.02% -103.01%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $2.569M $3.159M
YoY Change 496.06% 117.86%
Pretax Income $1.504M $3.302M
YoY Change -129.03% -200.06%
Income Tax -$1.398M $2.600M
% Of Pretax Income -92.95% 78.74%
Net Earnings $2.902M $676.0K
YoY Change -143.3% -110.15%
Net Earnings / Revenue 3.72% 0.87%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.04 $0.01
COMMON SHARES
Basic Shares Outstanding 75.59M shares 75.34M shares
Diluted Shares Outstanding 77.34M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $257.2M $253.7M
YoY Change 0.19% -0.58%
Cash & Equivalents $257.2M $253.7M
Short-Term Investments
Other Short-Term Assets $13.19M $1.696M
YoY Change 5712.33% 826.78%
Inventory
Prepaid Expenses $2.807M
Receivables $49.82M $46.58M
Other Receivables $0.00 $0.00
Total Short-Term Assets $324.0M $326.1M
YoY Change 0.26% 2.09%
LONG-TERM ASSETS
Property, Plant & Equipment $11.36M $10.44M
YoY Change 38.26% 39.17%
Goodwill $53.87M $54.63M
YoY Change 18.35% 51.94%
Intangibles
YoY Change
Long-Term Investments $1.300M $1.000M
YoY Change 30.0% 0.0%
Other Assets $2.549M $1.684M
YoY Change 108.25% 44.55%
Total Long-Term Assets $111.2M $109.7M
YoY Change 26.32% 54.98%
TOTAL ASSETS
Total Short-Term Assets $324.0M $326.1M
Total Long-Term Assets $111.2M $109.7M
Total Assets $435.2M $435.8M
YoY Change 5.84% 11.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.621M $3.721M
YoY Change -7.08% -16.9%
Accrued Expenses $2.943M $4.097M
YoY Change 126.04% 130.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $42.22M $52.47M
YoY Change 9.08% 65.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.761M $6.900M
YoY Change 19.96% 82.78%
Total Long-Term Liabilities $6.761M $6.900M
YoY Change 19.96% 82.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.22M $52.47M
Total Long-Term Liabilities $6.761M $6.900M
Total Liabilities $52.26M $62.83M
YoY Change 8.64% 59.83%
SHAREHOLDERS EQUITY
Retained Earnings -$15.89M -$18.79M
YoY Change 12.5% 153.24%
Common Stock $8.000K $7.000K
YoY Change 14.29% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $382.9M $372.9M
YoY Change
Total Liabilities & Shareholders Equity $435.2M $435.8M
YoY Change 5.84% 11.69%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $2.902M $676.0K
YoY Change -143.3% -110.15%
Depreciation, Depletion And Amortization $2.671M $2.480M
YoY Change 55.38% 52.43%
Cash From Operating Activities $7.556M $10.96M
YoY Change -37.1% 153.88%
INVESTING ACTIVITIES
Capital Expenditures $2.277M $1.840M
YoY Change 34.89% -257.53%
Acquisitions
YoY Change
Other Investing Activities -$250.0K $0.00
YoY Change -97.3%
Cash From Investing Activities -$2.527M -$1.840M
YoY Change -76.91% 57.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.854M -1.020M
YoY Change 148.86% -100.99%
NET CHANGE
Cash From Operating Activities 7.556M 10.96M
Cash From Investing Activities -2.527M -1.840M
Cash From Financing Activities -1.854M -1.020M
Net Change In Cash 3.175M 8.100M
YoY Change 873.93% -92.36%
FREE CASH FLOW
Cash From Operating Activities $7.556M $10.96M
Capital Expenditures $2.277M $1.840M
Free Cash Flow $5.279M $9.120M
YoY Change -48.87% 66.27%

Facts In Submission

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FiniteLivedIntangibleAssetsAccumulatedAmortization
4461000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1040000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
12572000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
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CY2023Q3 us-gaap Accrued Liabilities Current
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CY2022Q4 us-gaap Accrued Liabilities Current
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CY2023Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1264000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
1345000 usd
CY2023Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
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CY2022Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
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CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Current
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CY2023Q3 us-gaap Other Sundry Liabilities Current
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CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
1836000 usd
CY2023Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
7250000 usd
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
8525000 usd
CY2017Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
500000 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
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CY2023Q3 us-gaap Line Of Credit
LineOfCredit
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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229906000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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234841000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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229906000 usd
CY2023Q3 us-gaap Deferred Revenue Current
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400000 usd
CY2022Q4 us-gaap Deferred Revenue Current
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1100000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1065000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
845000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2785000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2397000 usd
CY2023Q3 gdyn Variable Lease Cost Reversal
VariableLeaseCostReversal
56000 usd
CY2022Q3 gdyn Variable Lease Cost Reversal
VariableLeaseCostReversal
-16000 usd
gdyn Variable Lease Cost Reversal
VariableLeaseCostReversal
318000 usd
gdyn Variable Lease Cost Reversal
VariableLeaseCostReversal
-88000 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
92000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
133000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
288000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
400000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
1213000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
962000 usd
us-gaap Lease Cost
LeaseCost
3391000 usd
us-gaap Lease Cost
LeaseCost
2709000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1024000 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
602000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2664000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2220000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
369000 usd
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1729000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5005000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3243000 usd
CY2023Q3 gdyn Noncash Increase Decrease In Operating Lease Right Of Use Asset
NoncashIncreaseDecreaseInOperatingLeaseRightOfUseAsset
-8000 usd
CY2022Q3 gdyn Noncash Increase Decrease In Operating Lease Right Of Use Asset
NoncashIncreaseDecreaseInOperatingLeaseRightOfUseAsset
-129000 usd
gdyn Noncash Increase Decrease In Operating Lease Right Of Use Asset
NoncashIncreaseDecreaseInOperatingLeaseRightOfUseAsset
18000 usd
gdyn Noncash Increase Decrease In Operating Lease Right Of Use Asset
NoncashIncreaseDecreaseInOperatingLeaseRightOfUseAsset
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CY2023Q3 gdyn Noncash Increase Decrease In Operating Lease Liability
NoncashIncreaseDecreaseInOperatingLeaseLiability
8000 usd
CY2022Q3 gdyn Noncash Increase Decrease In Operating Lease Liability
NoncashIncreaseDecreaseInOperatingLeaseLiability
129000 usd
gdyn Noncash Increase Decrease In Operating Lease Liability
NoncashIncreaseDecreaseInOperatingLeaseLiability
-18000 usd
gdyn Noncash Increase Decrease In Operating Lease Liability
NoncashIncreaseDecreaseInOperatingLeaseLiability
1015000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M18D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1084000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4140000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3206000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2214000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1816000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
89000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12549000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1410000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
11139000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2600000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3400000 usd
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.795
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-1.018
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7200000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
2.400
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.474
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7267000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17551000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27677000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
42599000 usd
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
21.61
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
676000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-6659000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4667000 usd
us-gaap Net Income Loss
NetIncomeLoss
-22512000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75464000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68623000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75026000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
67566000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1875000 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77339000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68623000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75026000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67566000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2187000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8151000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7435000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7632000 shares
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

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0001628280-23-036440-index.html Edgar Link pending
0001628280-23-036440.txt Edgar Link pending
0001628280-23-036440-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gdyn-20230930.htm Edgar Link pending
gdyn-20230930.xsd Edgar Link pending
gdyn-20230930xex311.htm Edgar Link pending
gdyn-20230930xex312.htm Edgar Link pending
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gdyn-20230930_def.xml Edgar Link unprocessable
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gdyn-20230930_pre.xml Edgar Link unprocessable
gdyn-20230930_lab.xml Edgar Link unprocessable
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