Credo Technology Group Holding Ltd

For the period ended Apr 27, 2024. Filed Jun 24, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Jun 24, 2024

CRDO$132.89+10.3%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(in thousands, except per share amounts)

	Year Ended
	April 27, 2024	April 29, 2023	April 30, 2022
Revenue:
Product sales	$145,048	$141,475	$73,721
Product engineering services	19,898	10,780	7,741
IP license	28,024	31,939	25,015
Total revenue	192,970	184,194	106,477
Cost of revenue:
Cost of product sales revenue	70,498	75,143	40,082
Cost of product engineering services revenue	2,225	972	1,918
Cost of IP license revenue	816	1,885	462
Total cost of revenue	73,539	78,000	42,462
Gross profit	119,431	106,194	64,015
Operating expenses:
Research and development	95,531	76,774	47,949
Selling, general and administrative	60,193	48,248	34,900
Impairment charges	765	2,407	3,134
Total operating expenses	156,489	127,429	85,983
Operating loss	(37,058)	(21,235)	(21,968)
Other income (expense), net	14,313	3,321	(245)
Loss before income taxes	(22,745)	(17,914)	(22,213)
Provision (benefit) for income taxes	5,624	(1,367)	(37)
Net loss	$(28,369)	$(16,547)	$(22,176)
Net loss per share:
Basic and diluted	$(0.18)	$(0.11)	$(0.25)
Weighted-average shares used in computing net loss per share:
Basic and diluted	155,091	146,556	88,398

ContentsView on SEC.gov

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