# Credo Technology Group Holding Ltd (CRDO) FY2024 Q3 P&L / Income Statement

- Company: Credo Technology Group Holding Ltd (CRDO)
- Period: 2023-10-29 to 2024-01-27
- Filing: Q3 FY2024 10-Q, filed 2024-02-28, accession number 0001628280-24-007677
- Page: https://plicit.ai/financials/crdo/fy2024-q3-income-statement
- Chart image: https://plicit.ai/charts/crdo-fy2024-q3-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2023-10-29 through 2024-01-27. View: Product and service. Revenue and costs use their disclosed categories.

- **Total revenue**: 53,058,000 US dollars
- **Cost of revenue**: 20,500,000 US dollars
- **Gross profit**: 32,558,000 US dollars
- **Total operating expenses**: 38,469,000 US dollars
- **Operating loss**: negative 5,911,000 US dollars
- **Other income (expense), net (calculated)**: 4,291,000 US dollars
- **Loss before income taxes**: negative 1,620,000 US dollars
- **Benefit for income taxes**: negative 2,048,000 US dollars
- **Net income (loss)**: 428,000 US dollars
- **Product sales revenue**: 39,975,000 US dollars
- **Product engineering services revenue**: 11,830,000 US dollars
- **IP license revenue**: 1,253,000 US dollars
- **Product sales cost of revenue**: 18,912,000 US dollars
- **Product engineering services cost of revenue**: 1,471,000 US dollars
- **IP license cost of revenue**: 117,000 US dollars
- **Research and development**: 24,236,000 US dollars
- **Selling, general and administrative**: 14,233,000 US dollars
- **Impairment charges**: 0 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/crdo/fy2024-q3-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/crdo-fy2024-q3-revenue-by-geography-sankey.png

Income statement for 2023-10-29 through 2024-01-27. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenue**: 53,058,000 US dollars
- **Cost of revenue**: 20,500,000 US dollars
- **Gross profit**: 32,558,000 US dollars
- **Total operating expenses**: 38,469,000 US dollars
- **Operating loss**: negative 5,911,000 US dollars
- **Other income (expense), net (calculated)**: 4,291,000 US dollars
- **Loss before income taxes**: negative 1,620,000 US dollars
- **Benefit for income taxes**: negative 2,048,000 US dollars
- **Net income (loss)**: 428,000 US dollars
- **HONG KONG**: 28,393,000 US dollars
- **UNITED STATES**: 15,436,000 US dollars
- **TAIWAN**: 3,482,000 US dollars
- **CHINA**: 798,000 US dollars
- **Rest of World**: 4,949,000 US dollars
- **Research and development**: 24,236,000 US dollars
- **Selling, general and administrative**: 14,233,000 US dollars
- **Impairment charges**: 0 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.