CRDO Q2 2024 Earnings — Credo Technology Group Holding Ltd Revenue & Financial Results | Market Cap Arena

CRDOCredo Technology Group Holding Ltd

$21B

Q2 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$44M-14.3% YoY

Gross Profit

$26M59.3% margin

Operating Income

-$9M-20.2% margin

Net Income

-$7M-15.0% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+25.5%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

$3M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$406M

Total Liabilities

$56M

Stockholders' Equity

$350M

Cash & Equivalents

$129M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$44M	$51M	-14.3%
Gross Profit	$26M	$28M	-6.6%
Operating Income	-$9M	-$2M	-410.4%
Net Income	-$7M	-$3M	-97.1%

Revenue Segments

Product

$34M78%

License

$7M17%

Product Engineering Services

$2M6%

Geographic Segments

HONG KONG

$19M42%

UNITED STATES

$8M18%

REST OF THE WORLD

$7M16%

CHINA

$5M12%

TAIWAN

$5M11%