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$129.80-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| August 3, 2024 | July 29, 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(9,540) | $(11,697) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 4,233 | 2,950 |
| Share-based compensation | 16,640 | 7,968 |
| Warrant contra revenue | 3,218 | 436 |
| Write-downs (releases) for excess and obsolete inventory | (298) | 181 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (12,197) | 21,574 |
| Inventories | (5,352) | 5,049 |
| Contract assets | (2,838) | 1,397 |
| Prepaid and other current assets | (2,790) | (859) |
| Other non-current assets | 647 | (2,505) |
| Accounts payable | 5,789 | 2,483 |
| Accrued expenses, compensation and other liabilities | (3,662) | (1,519) |
| Deferred revenue | (1,086) | (850) |
| Net cash provided by (used in) operating activities | (7,236) | 24,608 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (5,863) | (5,312) |
| Maturities of short-term investments | 162,061 | 59,228 |
| Purchases of short-term investments | (113,716) | (60,526) |
| Net cash provided by (used in) investing activities | 42,482 | (6,610) |
| Cash flows from financing activities: | ||
| Payments on technology license obligations | (838) | (2,726) |
| Proceeds from employee share incentive plans | 3,513 | 3,440 |
| Tax withheld related to RSU settlement | (1,071) | (180) |
| Net cash provided by financing activities | 1,604 | 534 |
| Effect of exchange rate changes on cash | 108 | (70) |
| Net increase in cash and cash equivalents | 36,958 | 18,462 |
| Cash and cash equivalents at beginning of the period | 66,942 | 108,583 |
| Cash and cash equivalents at end of the period | $103,900 | $127,045 |
| Supplemental cash flow information: | ||
| Purchases of property and equipment included in accounts payable, accrued expenses and other liabilities | $27,320 | $5,243 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.