CRDO Q1 2023 Earnings — Credo Technology Group Holding Ltd Revenue & Financial Results | Market Cap Arena

CRDOCredo Technology Group Holding Ltd

$21B

Q1 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$46M+333.3% YoY

Gross Profit

$28M59.5% margin

Operating Income

-$218,000-0.5% margin

Net Income

-$73,000-0.2% margin

EPS (Diluted)

$-0.00

QoQ Revenue Growth

+23.8%

Cash Flow

Operating Cash Flow

-$12M

Free Cash Flow

-$17M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$406M

Total Liabilities

$64M

Stockholders' Equity

$342M

Cash & Equivalents

$244M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$46M	$11M	+333.3%
Gross Profit	$28M	$5M	+434.0%
Operating Income	-$218,000	-$12M	+98.1%
Net Income	-$73,000	-$13M	+99.4%

Revenue Segments

Product

$35M76%

License

$10M22%

Product Engineering Services

$824,0002%

Geographic Segments

CHINA

$23M49%

UNITED STATES

$12M26%

REST OF THE WORLD

$5M11%

HONG KONG

$5M10%

MEXICO

$2M3%

TAIWAN, PROVINCE OF CHINA

$67,0000%