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Credo Technology Group Holding Ltd  (CRDO)
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Credo Technology Group Holding Ltd

CRDO's Financial Statements and Analysis



Credo Technology Group Holding Ltd reported break-even for the third quarter of 2024 compare to earnings per share of $0.02 recorded in the same quarter a year ago an improvement compare to $-0.04 realized in previous quarter.


third quarter of 2024
Earnings Per Share Revenues
$ 0 $  53 Mill
$-0.02     $-2M     -3.15 %



Credo Technology Group Holding Ltd's Revenue fell by -3.15 % in third quarter of 2024 (Jan 27 2024) year on year, to $53 million and advanced by 21.9 % sequentially.


Credo Technology Group Holding Ltd is

More on CRDO's Income Statement



Credo Technology Group Holding Ltd 's net income of $0.428 million in the third quarter of 2024 decreased by -84.84 % from net earnings of $2.823 million achieved in III. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-6.623 million recorded in previous quarter.

More on CRDO's Growth

Credo Technology Group Holding Ltd Inventories
Inventories declined by -37.38 % to $31.51 million from III. Quarter a year ago, sequentially inventories fell by -11.9 %. In Jan 27 2024 company's net cash and cash equivalents decreased by $-33 million, capital expenditures grew by -6.89-25.98%, to $-5 millions compare to same quarter a year ago

More on CRDO's Cash flow Statement


Credo Technology Group Holding Ltd does not pay out common stock dividend.

In trailing twelve-month period Credo Technology Group Holding Ltd earned $ 0.10 cash per share, on a free-cash flow basis .

Book value grew by 37.29 % sequentially to $3.19 per share.
Tangible Book value grew to $ 3.19 per share from $ 2.33.

Company issued 16.93 million shares or 11.27 % in Jan 27 2024.


More on CRDO's Dividends

 Market Capitalization (Millions) 3,338
 Shares Outstanding (Millions) 167
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 163
 Net Income (TTM) (Millions $) -34
 Cash Flow (TTM) (Millions $) -28
 Capital Exp. (TTM) (Millions $) -16
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 382




Credo Technology Group Holding Ltd does not pay out common stock dividend.

In trailing twelve-month period Credo Technology Group Holding Ltd had $ 0.10 cash flow per share, on a free-cash flow basis .

Book value grew by 37.29 % sequentially to $3.19 per share.
Tangible Book value grew to $ 3.19 per share from $ 2.33.

Company issued 16.93 million shares or 11.27 % in Jan 27 2024.


More on CRDO's Balance Sheets

 Market Capitalization (Millions) 3,338
 Shares Outstanding (Millions) 167
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 163
 Net Income (TTM) (Millions $) -34
 Cash Flow (TTM) (Millions $) -28
 Capital Exp. (TTM) (Millions $) -16
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 382
   


  News about Credo Technology Group Holding Ltd Earnings

Credo Technology Group Holding Ltd Sees $2.05 Million Boost in Earnings from Income Tax Provisions



Credo Technology Group Holding Ltd, an innovator in secure, high-speed connectivity solutions, recently released its financial results for the third quarter of fiscal year 2024. While some aspects of the report indicate a decline in performance, other indicators point towards potential future growth. This article will analyze the implications of these financial results and discuss how they may impact Credo Technology Group's future performance.
Financial Performance Overview:
1. Earnings per Share (EPS): In the financial third quarter of 2024, Credo reported an EPS of $0.00, significantly lower compared to $0.02 in the same period a year earlier and an improvement from the previous reportin...

Credo Technology Group Holding Ltd Reports Wider Loss, but Shows Promise with Improved EPS

Credo Technology Group Holding Ltd, a leading provider of secure and high-speed connectivity solutions, recently announced its financial results for the second quarter of fiscal year 2024, which ended on October 28, 2023. Despite reporting a wider loss of $-0.04 per share compared to $-0.02 per share a year ago, the company managed to improve its EPS from $-0.08 per share from the previous reporting season.
However, the revenue for the period decreased significantly by -16.064% to $43.12 million from $51.37 million compared to the same reporting season a year ago. On a positive note, sequential revenue improved by 23.935% from $34.79 million. The net loss for the most recent fiscal period was $-6.623 mil...

Credo Technology Group Holding Ltd Reports Growing Deficit and Declining Revenue in Q3 2023


Introduction
Credo Technology Group Holding Ltd, a prominent player in the technology industry, recently released its financial report for the quarter ending July 29, 2023. The report highlighted weak orders as the primary cause of the company's losses for the period. This article will analyze the key findings from the report, focusing on the net deficit per share, revenue, inventories, accounts receivable, and future financial expectations.
Net Deficit Per Share and Revenue
The Jul 29, 2023 report revealed that Credo Technology Group's net deficit per share rose significantly to $-0.08 from $0.00 compared to the same period the previous year. This increase is a clear indication of the chall...

Credo Technology Group Battles Drastic Revenue Plunge in Q4 2023, Reports 57% Year-Over-Year Decline


Introduction
In the midst of the continually evolving semiconductor market, Credo Technology Group Holding Ltd has released its financial results for the February to April 2023 period. The company's report reveals a narrowed loss per share compared to previous years, along with a drastic decline in revenue. Despite the challenging conditions, Credo Technology Group Holding Ltd is demonstrating signs of recovery and offering potential for future growth.
Loss per Share Improvement and Decline in Revenue
During the February to April 2023 period, Credo Technology Group Holding Ltd faced a loss per share of $-0.07, showcasing a significant improvement from the $-0.25 loss it incurred a year earli...


Date modified: 2024-02-29T15:53:37+00:00





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