Credo Q2 FY2024 revenue $44M, up 25% QoQ; non-GAAP net income $1.2M

Credo Technology Group Holding Ltd

2024-Q2 EPS reported -$0.12 revenue$79,130,000

Revenue $44.0M, 25% sequential growth; GAAP net loss $6.6M ($0.04 diluted EPS loss).
Non-GAAP net income $1.2M ($0.01 diluted EPS); gross margin 59.3% GAAP, 59.9% non-GAAP.
Cash and short-term investments $240.5M as of Oct 28, 2023.
Q3 FY2024 guidance: revenue $51M-$53M, non-GAAP gross margin 59%-61%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Credo Technology Group Holding Ltd reported fiscal quarter ended October 28, 2023 results: revenue $44.0 million, net income GAAP net loss of $6.6 million and non-GAAP net income of $1.2 million, EPS GAAP diluted net loss per share of $0.04 and non-GAAP diluted net income per share of $0.01. Guidance initiated.

Period: fiscal quarter ended October 28, 2023
Revenue: $44.0 million
Net income: GAAP net loss of $6.6 million and non-GAAP net income of $1.2 million
EPS: GAAP diluted net loss per share of $0.04 and non-GAAP diluted net income per share of $0.01
Guidance: initiated
Result: reported results

Exact text from the filing

market, today reported financial results for the second quarter of fiscal year 2024, ended October 28, 2023. Second Quarter of Fiscal Year 2024 Financial Highlights • Revenue of $44.0 million, grew by 25% quarter over quarter • GAAP gross margin of 59.3% and non-GAAP gross margin of 59.9% • GAAP operating expenses of $35.0 million and non-GAAP operating expenses of

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Source: SEC EDGAR

accession 0001628280-23-040220

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