CRDO Q2 2023 Earnings — Credo Technology Group Holding Ltd Revenue & Financial Results | Market Cap Arena

CRDOCredo Technology Group Holding Ltd

$21B

Q2 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$51M+94.4% YoY

Gross Profit

$28M54.4% margin

Operating Income

-$2M-3.4% margin

Net Income

-$3M-6.5% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+10.5%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

-$4M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$414M

Total Liabilities

$70M

Stockholders' Equity

$344M

Cash & Equivalents

$191M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$51M	$26M	+94.4%
Gross Profit	$28M	$16M	+75.2%
Operating Income	-$2M	-$4M	+51.1%
Net Income	-$3M	-$4M	+18.0%

Revenue Segments

Product

$44M86%

Product Engineering Services

$4M7%

License

$2M4%

IP License Engineering Services

$1M2%

Geographic Segments

CHINA

$31M62%

UNITED STATES

$6M13%

REST OF THE WORLD

$5M9%

TAIWAN, PROVINCE OF CHINA

$3M6%

MEXICO

$3M5%

HONG KONG

$2M5%