01—Abstract
Summary
Summary of the 10-K/A filed April 5, 2023. Cited figures are marked; the original filing is the authoritative source.
Credo Technology Group Holding Ltd (CRDO) filed its 10-K/A on April 5, 2023, providing a comprehensive overview of its financial performance and business operations.
While the provided excerpt focuses on the exhibits and financial statement schedules, it indicates the company is adhering to regulatory requirements. Investors should refer to the full 10-K/A filing for detailed financial statements, management's discussion and analysis, risk factors, and other crucial information that would offer deeper insights into the company's financial health, strategic direction, and growth prospects. The incorporation by reference of previously filed exhibits suggests a stable reporting structure.
02—Key points
Key Highlights
- The filing is an amended 10-K (10-K/A), indicating potential revisions or additions to previously submitted information.
- The focus of the provided excerpt is on the exhibits and financial statement schedules, detailing their inclusion and incorporation by reference.
- Credo Technology Group Holding Ltd is adhering to SEC Regulation S-K requirements for its annual report.
- Previously filed exhibits are being incorporated by reference, suggesting a streamlined reporting process for recurring documents.
- Investors must consult the full 10-K/A document for substantive financial and operational details beyond the exhibit list.
03—One dollar
Follow one dollar
For each $1.00 of revenue in FY2022, Credo Technology Group Holding lost $0.21.
- Revenue$106.5M100.0%
- Cost of revenue−$42.5M39.9%
- Gross profit$64.0M60.1%
- Operating costs−$86.0M80.8%
- Operating income−$22.0M20.6%
- Interest, other & tax−$208,0000.2%
- Net income−$22.2M20.8%
04—Financials
Financial Highlights
Figures from 10-K/AFY2022filed April 5, 2023Financial Statements
FY2022 against FY2021
| Line item | FY2022FY2021 | Change |
|---|---|---|
| Revenue | $106.48M$58.70M | +81.4% |
| Cost of Revenue | $42.46M$20.42M | +108.0% |
| Gross Profit | $64.02M$38.28M | +67.2% |
| R&D Expenses | $47.95M$34.84M | +37.6% |
| SG&A Expenses | $34.90M$28.67M | +21.7% |
| Operating Expenses | $85.98M$63.51M | +35.4% |
| Operating Income | -$21.97M-$25.23M | +12.9% |
| Net Income | -$22.18M-$27.51M | +19.4% |
| EPS (Basic) | $-0.25$-0.40 | +37.5% |
| EPS (Diluted) | $-0.25$-0.40 | +37.5% |
| Shares Outstanding (Basic) | 88.40M69.10M | +27.9% |
| Shares Outstanding (Diluted) | 88.40M69.10M | +27.9% |
05—Questions
Frequently Asked Questions
What is the significance of the 10-K/A filing?
A 10-K/A filing is an amended annual report. This suggests that Credo Technology Group Holding Ltd may have made corrections, additions, or updates to its original 10-K filing. Investors should pay close attention to the specific changes made in the amendment to understand any potential impact on the company's financial position or outlook.
Where can I find the detailed financial statements for Credo Technology Group Holding Ltd?
The provided excerpt only lists exhibits and financial statement schedules. The actual detailed financial statements (like the balance sheet, income statement, and cash flow statement) along with the accompanying notes and Management's Discussion and Analysis (MD&A) can be found within the complete 10-K/A filing on the SEC's EDGAR database or Credo's investor relations website.
What does 'incorporation by reference' mean for the exhibits?
Incorporation by reference means that Credo Technology Group Holding Ltd is officially including content from previous filings (like prior 10-Ks or 8-Ks) into this current 10-K/A without re-filing the entire document. This is a common practice to avoid redundancy. To access these referenced exhibits, investors would need to look up the specified prior filings mentioned in the exhibit index.
06—Continue