secwatch.observer — SEC 8-K summary
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Issuer:     Credo Technology Group Holding Ltd (CRDO)
CIK:        0001807794
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001628280-24-007214
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Credo Q3 FY24 revenue $53.1M (+20% QoQ); guides Q4 revenue $59-62M
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- Revenue $53.1M, up 20% QoQ; GAAP net income $0.4M ($0.00 diluted EPS); non-GAAP net income $6.3M ($0.04 diluted EPS).
- GAAP gross margin 61.4%; non-GAAP gross margin 62.2%; ending cash/short-term investments $409.1M.
- Q4 FY24 guidance: revenue $59-62M; GAAP gross margin 63.2-65.2%; non-GAAP gross margin 64.0-66.0%.
- CEO cites accelerating opportunity for high-speed, energy-efficient connectivity solutions driving growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807794/000162828024007214/0001628280-24-007214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807794/000162828024007214/crdo-20240227.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007214

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