secwatch.observer — SEC 8-K summary
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Issuer:     Credo Technology Group Holding Ltd (CRDO)
CIK:        0001807794
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001628280-23-020320
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credo Q4 revenue down 14.5% YoY to $32.1M; full-year revenue up 73% to $184M
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- Q4 GAAP net loss $15.9M ($0.11 diluted loss per share); non-GAAP net loss $5.7M ($0.04/share).
- Q4 GAAP gross margin 57.9%, non-GAAP 58.2%; ending cash & short-term investments $217.8M.
- Full fiscal year 2023 revenue $184M, up 73% vs. FY2022; CEO cites generative AI as demand driver.
- Q1 FY2024 revenue guidance $33-35M; GAAP gross margin guided 57.8%-59.8%.
- GAAP operating expenses expected $34-36M ($26-28M non-GAAP) in Q1 FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807794/000162828023020320/0001628280-23-020320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807794/000162828023020320/crdo-20230531.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-020320

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