earnings
confidence high
sentiment positive
materiality 0.90
Credo Q3 revenue $31.8M (+136% YoY); IPO net proceeds $171.9M; Q4 guide $37-41M
Credo Technology Group Holding Ltd
2022-Q3 EPS reported
-$0.24
revenue$68,951,000
- Q3 revenue $31.8M (+136% YoY); GAAP net loss $0.1M; non-GAAP net income $2.4M ($0.03 diluted EPS).
- Completed IPO Jan 27, sold 18.4M shares, net proceeds $171.9M; ending cash $240.5M.
- Q4 FY2022 guidance: revenue $37-41M (midpoint +97% YoY); non-GAAP gross margin 59%-61%.
- GAAP gross margin 60.1%; non-GAAP 60.7%; GAAP OpEx $19.6M; non-GAAP OpEx $18.2M.