Credo Technology Group Holding Ltd

For the period ended Nov 2, 2024. Filed Dec 3, 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.

Nov 2, 2024 · Filed Dec 3, 2024

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

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Contents

Condensed Consolidated Statements of Operations

(unaudited, in thousands, except per share amounts)

	Three Months Ended		Six Months Ended
	November 2, 2024	October 28, 2023	November 2, 2024	October 28, 2023
Revenue:
Product sales	$64,443	$34,247	$118,282	$64,275
Product engineering services	4,632	2,434	8,118	4,727
IP license	2,959	7,354	5,348	10,128
Total revenue	72,034	44,035	131,748	79,130
Cost of revenue:
Cost of product sales revenue	25,883	17,346	47,767	31,214
Cost of product engineering services revenue	571	171	1,023	464
Cost of IP license revenue	68	401	163	545
Total cost of revenue	26,522	17,918	48,953	32,223
Gross profit	45,512	26,117	82,795	46,907
Operating expenses:
Research and development	31,742	21,736	62,151	44,374
Selling, general and administrative	22,177	13,256	43,502	25,799
Total operating expenses	53,919	34,992	105,653	70,173
Operating loss	(8,407)	(8,875)	(22,858)	(23,266)
Other income, net	4,474	2,702	10,007	4,859
Loss before income taxes	(3,933)	(6,173)	(12,851)	(18,407)
Provision (benefit) for income taxes	292	450	914	(87)
Net loss	$(4,225)	$(6,623)	$(13,765)	$(18,320)
Net loss per share:
Basic and diluted	$(0.03)	$(0.04)	$(0.08)	$(0.12)
Weighted-average shares:
Basic and diluted	166,487	150,232	165,789	149,755

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.