secwatch.observer — SEC 8-K summary
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Issuer:     Credo Technology Group Holding Ltd (CRDO)
CIK:        0001807794
Form:       8-K
Filed at:   2022-08-31T23:59:59+00:00
Accession:  0001628280-22-024051
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credo Q1 FY2023 revenue $46.5M, up 24% QoQ; guides Q2 $48.5-52.5M, +91% YoY
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- Revenue $46.5M, up 24% QoQ from $37.5M; product revenue up 37% sequentially.
- GAAP net loss $0.1M ($0.00 EPS); non-GAAP net income $5.4M ($0.03 diluted EPS).
- Q2 FY2023 guidance: revenue $48.5-52.5M (91% YoY growth); GAAP gross margin 58.5-60.5%.
- Management reiterates FY2023 revenue target of at least $200M (88%+ YoY growth).
- Ending cash $243.8M; non-GAAP gross margin 60.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807794/000162828022024051/0001628280-22-024051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807794/000162828022024051/crdo-20220831.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-024051

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