Credo Technology Group Holding Ltd Reports Earnings Results for the Second Quarter and Six Months Ended October 28, 2023
November 29, 2023 at 04:05 pm EST
Share
Credo Technology Group Holding Ltd reported earnings results for the second quarter and six months ended October 28, 2023. For the second quarter, the company reported revenue was USD 44.04 million compared to USD 51.37 million a year ago. Net loss was USD 6.62 million compared to USD 3.36 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to USD 0.02 a year ago.
For the six months, revenue was USD 79.13 million compared to USD 97.84 million a year ago. Net loss was USD 18.32 million compared to USD 3.43 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.02 a year ago.
Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It 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 Companyâs intellectual property (IP) solutions consist primarily of SerDes IP licensing.
CREDO TECHNOLOGY GROUP HOLDING LTD 
