secwatch.observer — SEC 8-K summary
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Issuer:     Credo Technology Group Holding Ltd (CRDO)
CIK:        0001807794
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001628280-22-005568
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credo Q3 revenue $31.8M (+136% YoY); IPO net proceeds $171.9M; Q4 guide $37-41M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807794/000162828022005568/0001628280-22-005568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807794/000162828022005568/crdo-20220309.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-005568

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer