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 Operations
(unaudited, in thousands, except per share amounts)
| Three Months Ended | ||
|---|---|---|
| August 3, 2024 | July 29, 2023 | |
| Revenue: | ||
| Product sales | $53,839 | $30,028 |
| Product engineering services | 3,486 | 2,293 |
| IP license | 2,389 | 2,774 |
| Total revenue | 59,714 | 35,095 |
| Cost of revenue: | ||
| Cost of product sales revenue | 21,884 | 13,868 |
| Cost of product engineering services revenue | 452 | 293 |
| Cost of IP license revenue | 95 | 144 |
| Total cost of revenue | 22,431 | 14,305 |
| Gross profit | 37,283 | 20,790 |
| Operating expenses: | ||
| Research and development | 30,409 | 22,638 |
| Selling, general and administrative | 21,325 | 12,543 |
| Total operating expenses | 51,734 | 35,181 |
| Operating loss | (14,451) | (14,391) |
| Other income, net | 5,533 | 2,157 |
| Loss before income taxes | (8,918) | (12,234) |
| Provision (benefit) for income taxes | 622 | (537) |
| Net loss | $(9,540) | $(11,697) |
| Net loss per share: | ||
| Basic and diluted | $(0.06) | $(0.08) |
| Weighted-average shares: | ||
| Basic and diluted | 165,140 | 149,277 |
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