CRDOCredo Technology Group Holding Ltd

$21B

Q1 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$35M-24.5% YoY

Gross Profit

$21M59.2% margin

Operating Income

-$14M-41.0% margin

Net Income

-$12M-33.3% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

+9.4%

Cash Flow

Operating Cash Flow

$25M

Free Cash Flow

$19M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$396M

Total Liabilities

$48M

Stockholders' Equity

$347M

Cash & Equivalents

$127M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$35M	$46M	-24.5%
Gross Profit	$21M	$28M	-24.8%
Operating Income	-$14M	-$218,000	-6501.4%
Net Income	-$12M	-$73,000	-15923.3%

Revenue Segments

Product

$30M86%

License

$3M8%

Product Engineering Services

$2M7%

Geographic Segments

CHINA

$16M46%

UNITED STATES

$6M18%

TAIWAN

$5M15%

REST OF THE WORLD

$5M15%

HONG KONG

$2M6%

CRDO Q1 2024 Earnings — Credo Technology Group Holding Ltd Revenue & Financial Results | Market Cap Arena