Credo Technology Group Holding Ltd

For the period ended Jan 27, 2024. Filed Feb 28, 2024.

About this filing

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

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations

(unaudited, in thousands, except per share amounts)

	Three Months Ended		Nine Months Ended
	January 27, 2024	January 28, 2023	January 27, 2024	January 28, 2023
Revenue:
Product sales	$39,975	$38,033	$104,250	$117,645
Product engineering services	11,830	3,635	16,557	8,209
IP license	1,253	12,602	11,381	26,252
Total revenue	53,058	54,270	132,188	152,106
Cost of revenue:
Cost of product sales revenue	18,912	21,833	50,126	62,016
Cost of product engineering services revenue	1,471	228	1,935	746
Cost of IP license revenue	117	222	662	1,735
Total cost of revenue	20,500	22,283	52,723	64,497
Gross profit	32,558	31,987	79,465	87,609
Operating expenses:
Research and development	24,236	20,530	68,610	55,371
Selling, general and administrative	14,233	11,936	40,032	34,674
Impairment charges	—	2,407	—	2,407
Total operating expenses	38,469	34,873	108,642	92,452
Operating loss	(5,911)	(2,886)	(29,177)	(4,843)
Other income, net	4,291	2,530	9,150	1,618
Loss before income taxes	(1,620)	(356)	(20,027)	(3,225)
Benefit for income taxes	(2,048)	(3,179)	(2,135)	(2,615)
Net income (loss)	$428	$2,823	$(17,892)	$(610)
Net income (loss) per share:
Basic	$—	$0.02	$(0.12)	$—
Diluted	$—	$0.02	$(0.12)	$—
Weighted-average shares:
Basic	157,155	146,908	152,063	146,000
Diluted	167,160	156,519	152,063	146,000

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.