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Credo Technology | 8-K: Credo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2025 Financial Results

Credo Technology | 8-K: Credo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2025 Financial Results

Credo Technology | 8-K:Credo科技集團控股有限公司公佈2025財年第一季度財務業績
美股SEC公告 ·  2024/09/05 04:40

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Credo Technology Group Holding Ltd announced Q1 FY2025 financial results, reporting revenue of $59.7 million, a 70% YoY increase. Product revenue reached a record $57.3 million, up 30% QoQ. The company posted a GAAP net loss of $9.5 million, or $0.06 per share, while non-GAAP net income was $7.0 million, or $0.04 per diluted share.GAAP gross margin stood at 62.4%, with non-GAAP gross margin at 62.9%. The company ended the quarter with $398.6 million in cash and short-term investments. Credo's CEO attributed growth to AI infrastructure deployments and expects continued contributions from their high-speed connectivity solutions.For Q2 FY2025, Credo projects revenue between $65.0-$68.0 million, GAAP gross margin of 61.3-63.3%, and non-GAAP gross margin of 62.0-64.0%. GAAP operating expenses are expected to be $51.3-$53.3 million, with non-GAAP operating expenses forecasted at $36.0-$38.0 million.
Credo Technology Group Holding Ltd announced Q1 FY2025 financial results, reporting revenue of $59.7 million, a 70% YoY increase. Product revenue reached a record $57.3 million, up 30% QoQ. The company posted a GAAP net loss of $9.5 million, or $0.06 per share, while non-GAAP net income was $7.0 million, or $0.04 per diluted share.GAAP gross margin stood at 62.4%, with non-GAAP gross margin at 62.9%. The company ended the quarter with $398.6 million in cash and short-term investments. Credo's CEO attributed growth to AI infrastructure deployments and expects continued contributions from their high-speed connectivity solutions.For Q2 FY2025, Credo projects revenue between $65.0-$68.0 million, GAAP gross margin of 61.3-63.3%, and non-GAAP gross margin of 62.0-64.0%. GAAP operating expenses are expected to be $51.3-$53.3 million, with non-GAAP operating expenses forecasted at $36.0-$38.0 million.
Credo科技集團控股有限公司發佈了2025財年第一季度財務報告,營業收入爲5970萬美元,同比增長70%。產品營業收入達到創紀錄的5730萬美元,環比增長30%。公司發佈GAAP淨虧損爲950萬美元,或每股0.06美元,而非GAAP凈利潤爲700萬美元,或每攤薄股每股0.04美元。GAAP毛利率爲62.4%,非GAAP毛利率爲62.9%。到本季度結束時,公司現金及短期投資總額爲39860萬美元。Credo的首席執行官將增長歸因於人工智能基礎設施的部署,並預計其高速連接解決方案將繼續貢獻增長。對於2025財年第二季度,Credo預計營業收入在6500萬至6800萬美元之間,GAAP毛利率爲61.3%-63.3%,非GAAP毛利率爲62.0%-64.0%。預計GAAP營業費用爲5130萬至5330萬美元,非GAAP營業費用預計爲3600萬至3800萬美元。
Credo科技集團控股有限公司發佈了2025財年第一季度財務報告,營業收入爲5970萬美元,同比增長70%。產品營業收入達到創紀錄的5730萬美元,環比增長30%。公司發佈GAAP淨虧損爲950萬美元,或每股0.06美元,而非GAAP凈利潤爲700萬美元,或每攤薄股每股0.04美元。GAAP毛利率爲62.4%,非GAAP毛利率爲62.9%。到本季度結束時,公司現金及短期投資總額爲39860萬美元。Credo的首席執行官將增長歸因於人工智能基礎設施的部署,並預計其高速連接解決方案將繼續貢獻增長。對於2025財年第二季度,Credo預計營業收入在6500萬至6800萬美元之間,GAAP毛利率爲61.3%-63.3%,非GAAP毛利率爲62.0%-64.0%。預計GAAP營業費用爲5130萬至5330萬美元,非GAAP營業費用預計爲3600萬至3800萬美元。

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