Financial Snapshot

Revenue
$217.6M
TTM
Gross Margin
62.22%
TTM
Net Earnings
-$26.21M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
781.31%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$553.1M
Q3 2024
Cash
Q3 2024
P/E
-180.6
Sep 13, 2024 EST
Free Cash Flow
-$15.31M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020
Revenue $193.0M $184.2M $106.5M $58.70M $53.84M
YoY Change 4.76% 72.99% 81.4% 9.03%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020
Revenue $193.0M $184.2M $106.5M $58.70M $53.84M
Cost Of Revenue $73.54M $78.00M $42.46M $20.42M $7.729M
Gross Profit $119.4M $106.2M $64.02M $38.28M $46.11M
Gross Profit Margin 61.89% 57.65% 60.12% 65.21% 85.64%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020
Selling, General & Admin $60.19M $48.25M $34.90M $28.67M $16.47M
YoY Change 24.76% 38.25% 21.74% 74.05%
% of Gross Profit 50.4% 45.43% 54.52% 74.89% 35.72%
Research & Development $95.53M $76.77M $47.95M $34.85M $27.56M
YoY Change 24.43% 60.12% 37.61% 26.41%
% of Gross Profit 79.99% 72.3% 74.9% 91.03% 59.78%
Depreciation & Amortization $13.77M $9.500M $4.800M $2.200M $1.800M
YoY Change 44.96% 97.92% 118.18% 22.22%
% of Gross Profit 11.53% 8.95% 7.5% 5.75% 3.9%
Operating Expenses $156.5M $125.0M $85.98M $63.51M $44.04M
YoY Change 25.17% 45.4% 35.38% 44.23%
Operating Profit -$37.06M -$18.83M -$21.97M -$25.23M $2.071M
YoY Change 96.82% -14.29% -12.94% -1318.45%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $14.31M $3.321M -$245.0K -$62.00K $24.00K
YoY Change 330.98% -1455.51% 295.16% -358.33%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020
Pretax Income -$22.75M -$17.91M -$22.21M -$25.30M $2.095M
YoY Change 26.97% -19.35% -12.19% -1307.45%
Income Tax $5.624M -$1.367M -$37.00K $2.215M $766.0K
% Of Pretax Income 36.56%
Net Earnings -$28.37M -$16.55M -$22.18M -$27.51M $1.329M
YoY Change 71.44% -25.38% -19.39% -2170.05%
Net Earnings / Revenue -14.7% -8.98% -20.83% -46.87% 2.47%
Basic Earnings Per Share -$0.18 -$0.11 -$0.25 -$0.40 $0.00
Diluted Earnings Per Share -$0.18 -$0.11 -$0.25 -$0.40 $0.00

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020
Cash & Short-Term Investments $410.0M $217.8M $259.3M $103.8M $73.91M
YoY Change 88.24% -16.01% 149.93% 40.39%
Cash & Equivalents $66.94M $108.6M $259.3M $103.8M $73.91M
Short-Term Investments $343.1M $109.2M
Other Short-Term Assets $13.13M $5.412M $5.735M $2.455M $1.503M
YoY Change 142.63% -5.63% 133.6% 63.34%
Inventory $25.91M $46.02M $27.34M $7.104M $2.276M
Prepaid Expenses
Receivables $81.22M $58.99M $39.60M $18.21M $18.04M
Other Receivables $0.00 $0.00 $188.0K $6.276M $117.0K
Total Short-Term Assets $530.3M $328.2M $332.2M $137.8M $95.84M
YoY Change 61.55% -1.19% 141.06% 43.78%
Property, Plant & Equipment $56.74M $55.08M $38.80M $14.23M $10.69M
YoY Change 3.01% 41.97% 172.63% 33.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.180M
YoY Change
Other Assets $14.93M $13.98M $3.731M $1.641M $1.509M
YoY Change 6.8% 274.56% 127.36% 8.75%
Total Long-Term Assets $71.67M $69.06M $43.51M $17.69M $12.20M
YoY Change 3.78% 58.71% 145.96% 45.06%
Total Assets $601.9M $397.3M $375.7M $155.5M $108.0M
YoY Change
Accounts Payable $13.42M $6.067M $8.487M $3.590M $2.452M
YoY Change 121.15% -28.51% 136.41% 46.41%
Accrued Expenses $21.35M $20.93M $15.46M $4.201M $1.925M
YoY Change 2.04% 35.31% 268.1% 118.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $44.62M $31.03M $26.50M $12.53M $18.58M
YoY Change 43.79% 17.12% 111.43% -32.53%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $17.11M $18.62M $15.03M $0.00 $255.0K
YoY Change -8.1% 23.91% -100.0%
Total Long-Term Liabilities $17.11M $18.62M $15.03M $0.00 $255.0K
YoY Change -8.1% 23.91% -100.0%
Total Liabilities $61.73M $49.65M $41.53M $12.96M $18.83M
YoY Change 24.33% 19.57% 220.52% -31.19%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020
Basic Shares Outstanding 155.1M shares 146.6M shares 88.40M shares 69.10M shares 71.73M shares
Diluted Shares Outstanding 155.1M shares 146.6M shares 88.40M shares 69.10M shares 71.73M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $4.7345 Billion

About Credo Technology Group Holding Ltd

Credo Technology Group Holding Ltd. engages in the development of connectivity solutions and products for the data infrastructure market. The firm delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. The company provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100 gigabits per second (G), 200G, 400G, 800G and the emerging 1.6 terabits per second (T) port markets. Its products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Its product families include integrated circuits (ICs) for the optical and line card markets, active electrical cables (AECs) and SerDes Chiplets. The Company’s intellectual property (IP) solutions consist primarily of SerDes IP licensing.

Industry: Semiconductors & Related Devices Peers: O2MICRO INTERNATIONAL LTD Rockley Photonics Holdings Ltd