CRDO Q3 2024 Earnings — Credo Technology Group Holding Ltd Revenue & Financial Results | Market Cap Arena

CRDOCredo Technology Group Holding Ltd

$21B

Q3 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$53M-2.2% YoY

Gross Profit

$33M61.4% margin

Operating Income

-$6M-11.1% margin

Net Income

$428,0000.8% margin

EPS (Diluted)

$0.00

QoQ Revenue Growth

+20.5%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$6M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$592M

Total Liabilities

$58M

Stockholders' Equity

$534M

Cash & Equivalents

$96M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$53M	$54M	-2.2%
Gross Profit	$33M	$32M	+1.8%
Operating Income	-$6M	-$3M	-104.8%
Net Income	$428,000	$3M	-84.8%

Revenue Segments

Product

$40M75%

Product Engineering Services

$12M22%

License

$1M2%

Geographic Segments

HONG KONG

$28M54%

UNITED STATES

$15M29%

REST OF THE WORLD

$5M9%

TAIWAN

$3M7%

CHINA

$798,0002%