Credo Technology Group Holding Ltd
For the period ended Jan 27, 2024. Filed Feb 28, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 27, 2024 · Filed Feb 28, 2024
CRDO$132.89+10.3%Stored close · as of Nov 9, 2026
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Condensed Consolidated Balance Sheets
(unaudited, in thousands, except per share amounts)
| January 27, 2024 | April 29, 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $96,073 | $108,583 |
| Short-term investments | 313,061 | 109,228 |
| Accounts receivable | 44,760 | 49,541 |
| Inventories | 31,507 | 46,023 |
| Contract assets | 17,909 | 9,445 |
| Prepaid expenses and other current assets | 8,133 | 5,412 |
| Total current assets | 511,443 | 328,232 |
| Property and equipment, net | 44,899 | 40,222 |
| Right of use assets | 13,634 | 14,860 |
| Other non-current assets | 22,490 | 13,975 |
| Total assets | $592,466 | $397,289 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $10,294 | $6,067 |
| Accrued compensation and benefits | 6,913 | 6,471 |
| Accrued expenses and other current liabilities | 18,268 | 14,454 |
| Deferred revenue | 4,722 | 4,040 |
| Total current liabilities | 40,197 | 31,032 |
| Non-current operating lease liabilities | 11,601 | 12,869 |
| Other non-current liabilities | 6,701 | 5,753 |
| Total liabilities | 58,499 | 49,654 |
| Commitments and contingencies (Note 7) | ||
| Shareholders' equity: | ||
| Ordinary shares, $0.00005 par value; 1,000,000 shares authorized; 163,068 and 148,651 shares issued and outstanding at January 27, 2024 and April 29, 2023, respectively | 8 | 7 |
| Additional paid in capital | 659,162 | 454,795 |
| Accumulated other comprehensive loss | (335) | (191) |
| Accumulated deficit | (124,868) | (106,976) |
| Total shareholders' equity | 533,967 | 347,635 |
| Total liabilities and shareholders' equity | $592,466 | $397,289 |
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