secwatch.observer — SEC 8-K summary
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Issuer:     Credo Technology Group Holding Ltd (CRDO)
CIK:        0001807794
Form:       8-K
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0001628280-22-031075
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credo Technology reports Q2 FY23 record revenue $51.4M, up 94% YoY; guides Q3 $54-56M
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- Record revenue of $51.4M in Q2 FY23, up 11% QoQ and 94% YoY.
- GAAP net loss of $3.4M ($0.02 per share); non-GAAP net income of $2.4M ($0.02 diluted EPS).
- Q3 FY23 guidance: revenue between $54M and $56M (up ~73% YoY at midpoint); GAAP gross margin 58.7%-60.7%.
- Full FY23 revenue expected to be at least $200M, representing >88% growth vs FY22.
- Ending cash and short-term investments of $240.5M provides strong balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807794/000162828022031075/0001628280-22-031075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807794/000162828022031075/crdo-20221130.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-031075

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