secwatch.observer — SEC 8-K summary
======================================

Issuer:     Credo Technology Group Holding Ltd (CRDO)
CIK:        0001807794
Form:       8-K
Filed at:   2023-08-24T23:59:59+00:00
Accession:  0001628280-23-030511
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credo Tech Q1 FY2024 rev $35.1M (+9% QoQ), net loss $11.7M; Q2 guidance $42-44M
-------------------------------------------------------------------------------

- Q1 revenue $35.1M, up 9% quarter-over-quarter; GAAP net loss $11.7M ($0.08 per share), non-GAAP net loss $4.7M ($0.03).
- GAAP gross margin 59.2%, non-GAAP 59.8%. Cash and short-term investments $237.6M.
- Q2 FY2024 guidance: revenue $42-44M, GAAP gross margin 57.8-59.8%, non-GAAP opex $27-29M.
- CEO expects sequential growth through FY2024, led by multiple customers and expanding connectivity solutions.
- Ticker: CRDO (Nasdaq).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807794/000162828023030511/0001628280-23-030511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807794/000162828023030511/crdo-20230824.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-030511

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