CRDO Q3 2023 Earnings — Credo Technology Group Holding Ltd Revenue & Financial Results | Market Cap Arena

CRDOCredo Technology Group Holding Ltd

$21B

Q3 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$54M+70.7% YoY

Gross Profit

$32M58.9% margin

Operating Income

-$3M-5.3% margin

Net Income

$3M5.2% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

+5.6%

Cash Flow

Operating Cash Flow

-$2M

Free Cash Flow

-$9M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$417M

Total Liabilities

$63M

Stockholders' Equity

$355M

Cash & Equivalents

$124M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$54M	$32M	+70.7%
Gross Profit	$32M	$19M	+67.4%
Operating Income	-$3M	-$451,000	-539.9%
Net Income	$3M	-$144,000	+2060.4%

Revenue Segments

Product

$38M70%

License

$12M22%

Product Engineering Services

$4M7%

IP License Engineering Services

$887,0002%

Geographic Segments

CHINA

$29M54%

UNITED STATES

$17M30%

REST OF THE WORLD

$7M13%

HONG KONG

$2M3%