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CREDO TECHNOLOGY GROUP HOLDING (CRDO) drives innovation in high-speed connectivity solutions for data infrastructure networks. This hub provides investors and technology professionals with essential updates on the company's advancements in SerDes technology, DSP architectures, and next-generation networking products.
Access official press releases covering product launches, strategic partnerships, and financial performance. Our curated collection helps stakeholders track CRDO's role in enabling 5G infrastructure, hyperscale data centers, and high-performance computing ecosystems. Discover updates on integrated circuits, active electrical cables, and IP licensing developments critical to modern data transmission.
Bookmark this page for reliable updates on CRDO's technological milestones and market positioning. Check regularly for new announcements about bandwidth optimization solutions and emerging terabit connectivity standards shaping global data infrastructure.
Credo Technology Group Holding (Nasdaq: CRDO) announced its Q4 and full fiscal year 2024 financial results. The company reported a significant revenue growth of 89.4% year over year, reaching $60.8 million for Q4. GAAP gross margin was 65.8%, and non-GAAP gross margin was 66.1%. GAAP operating expenses stood at $47.8 million, while non-GAAP operating expenses were $32.7 million. Q4 saw a GAAP net loss of $10.5 million, but a non-GAAP net income of $11.8 million. GAAP diluted net loss per share was $0.06 and non-GAAP diluted net income per share was $0.07. The company closed the fiscal year with a cash and short-term investment balance of $410 million. Looking ahead, Credo expects Q1 FY 2025 revenue to be between $58 million and $61 million, with GAAP gross margin between 62.3% and 64.3% and non-GAAP gross margin between 63.0% and 65.0%.
Credo Technology Group Holding (NASDAQ: CRDO) will present at the Stifel 2024 Cross Sector Insight Conference on June 5, 2024, at 11:30 a.m. ET in Boston, MA. Bill Brennan, President and CEO, along with CFO Dan Fleming will represent the company. The presentation will be webcast live and available for replay on Credo's investor relations website. Credo focuses on providing secure, high-speed connectivity solutions with improved energy efficiency.
Credo Technology Group Holding (Nasdaq: CRDO) will hold a conference call on May 29, 2024, to discuss its financial results for the fourth quarter and fiscal year ended April 27, 2024. Interested parties can join the call online or via webcast.
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