Credo Technology Group Holding Ltd
For the period ended Aug 3, 2024. Filed Sep 5, 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.
Aug 3, 2024 · Filed Sep 5, 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)
| August 3, 2024 | April 27, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $103,900 | $66,942 |
| Short-term investments | 294,716 | 343,061 |
| Accounts receivable | 71,859 | 59,662 |
| Inventories | 31,557 | 25,907 |
| Contract assets | 24,400 | 21,562 |
| Prepaid expenses and other current assets | 15,921 | 13,131 |
| Total current assets | 542,353 | 530,265 |
| Property and equipment, net | 70,241 | 43,665 |
| Right of use assets | 15,860 | 13,077 |
| Other non-current assets | 16,411 | 14,925 |
| Total assets | $644,865 | $601,932 |
| Liabilities and Shareholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $38,473 | $13,417 |
| Accrued compensation and benefits | 7,808 | 9,000 |
| Accrued expenses and other current liabilities | 20,218 | 18,301 |
| Deferred revenue | 2,917 | 3,902 |
| Total current liabilities | 69,416 | 44,620 |
| Non-current operating lease liabilities | 13,530 | 11,133 |
| Other non-current liabilities | 8,817 | 5,981 |
| Total liabilities | 91,763 | 61,734 |
| Commitments and contingencies (Note 7) | ||
| Shareholders' equity: | ||
| Ordinary shares, $0.00005 par value; 1,000,000 shares authorized; 165,965 and 164,305 shares issued and outstanding at August 3, 2024 and April 27, 2024, respectively | 8 | 8 |
| Additional paid in capital | 698,354 | 676,054 |
| Accumulated other comprehensive loss | (375) | (519) |
| Accumulated deficit | (144,885) | (135,345) |
| Total shareholders' equity | 553,102 | 540,198 |
| Total liabilities and shareholders' equity | $644,865 | $601,932 |
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