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

- Company: Credo Technology Group Holding Ltd (CRDO)
- Period: 2023-04-30 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-ytd-q3-income-statement
- Chart image: https://plicit.ai/charts/crdo-fy2024-ytd-q3-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2023-04-30 through 2024-01-27. View: Product and service. Revenue and costs use their disclosed categories.

- **Total revenue**: 132,188,000 US dollars
- **Cost of revenue**: 52,723,000 US dollars
- **Gross profit**: 79,465,000 US dollars
- **Total operating expenses**: 108,642,000 US dollars
- **Operating loss**: negative 29,177,000 US dollars
- **Other income (expense), net (calculated)**: 9,150,000 US dollars
- **Loss before income taxes**: negative 20,027,000 US dollars
- **Benefit for income taxes**: negative 2,135,000 US dollars
- **Net income (loss)**: negative 17,892,000 US dollars
- **Product sales revenue**: 104,250,000 US dollars
- **Product engineering services revenue**: 16,557,000 US dollars
- **IP license revenue**: 11,381,000 US dollars
- **Product sales cost of revenue**: 50,126,000 US dollars
- **Product engineering services cost of revenue**: 1,935,000 US dollars
- **IP license cost of revenue**: 662,000 US dollars
- **Research and development**: 68,610,000 US dollars
- **Selling, general and administrative**: 40,032,000 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-ytd-q3-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/crdo-fy2024-ytd-q3-revenue-by-geography-sankey.png

Income statement for 2023-04-30 through 2024-01-27. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total revenue**: 132,188,000 US dollars
- **Cost of revenue**: 52,723,000 US dollars
- **Gross profit**: 79,465,000 US dollars
- **Total operating expenses**: 108,642,000 US dollars
- **Operating loss**: negative 29,177,000 US dollars
- **Other income (expense), net (calculated)**: 9,150,000 US dollars
- **Loss before income taxes**: negative 20,027,000 US dollars
- **Benefit for income taxes**: negative 2,135,000 US dollars
- **Net income (loss)**: negative 17,892,000 US dollars
- **HONG KONG**: 48,885,000 US dollars
- **UNITED STATES**: 29,688,000 US dollars
- **TAIWAN**: 13,730,000 US dollars
- **CHINA**: 22,415,000 US dollars
- **Rest of World**: 17,470,000 US dollars
- **Research and development**: 68,610,000 US dollars
- **Selling, general and administrative**: 40,032,000 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.