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Credo Technology | 10-Q: Q2 2025 Earnings Report

Credo Technology | 10-Q: Q2 2025 Earnings Report

Credo Technology | 10-Q:2025財年二季報
美股SEC公告 ·  2024/12/04 06:22

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Credo Technology reported strong financial results for Q2 FY2025 ended November 2, 2024, with total revenue increasing 64% year-over-year to $72.0 million. Product sales revenue grew 88% to $64.4 million, driven by significant volume increases in AEC and Optical products. Gross margin improved to 63.2% from 59.3% in the prior year quarter.The company reported a net loss of $4.2 million, narrowing from $6.6 million in Q2 FY2024, despite higher operating expenses. Research and development expenses increased 46% to $31.7 million, while selling, general and administrative costs rose 67% to $22.2 million, primarily due to increased share-based compensation and personnel costs to support growth initiatives.As of November 2, 2024, Credo maintained a strong financial position with $239.2 million in cash and cash equivalents, up from $66.9 million at fiscal year-end. The company's working capital stood at $488.6 million, with management expressing confidence in having sufficient resources to fund operations and growth initiatives for at least the next 12 months.
Credo Technology reported strong financial results for Q2 FY2025 ended November 2, 2024, with total revenue increasing 64% year-over-year to $72.0 million. Product sales revenue grew 88% to $64.4 million, driven by significant volume increases in AEC and Optical products. Gross margin improved to 63.2% from 59.3% in the prior year quarter.The company reported a net loss of $4.2 million, narrowing from $6.6 million in Q2 FY2024, despite higher operating expenses. Research and development expenses increased 46% to $31.7 million, while selling, general and administrative costs rose 67% to $22.2 million, primarily due to increased share-based compensation and personnel costs to support growth initiatives.As of November 2, 2024, Credo maintained a strong financial position with $239.2 million in cash and cash equivalents, up from $66.9 million at fiscal year-end. The company's working capital stood at $488.6 million, with management expressing confidence in having sufficient resources to fund operations and growth initiatives for at least the next 12 months.
Credo科技在截至2024年11月2日的2025財年第二季度報告了強勁的財務業績,總營業收入同比增長64%,達7200萬美元。產品銷售收入增長88%,達到6440萬美元,這得益於AEC和光學產品成交量的顯著增加。毛利率從去年同期的59.3%改善至63.2%。儘管營業費用上升,公司報告了420萬美元的淨虧損,較2024財年第二季度的660萬美元有所收窄。研發費用增加了46%,達到3170萬美元,而銷售、一般和行政費用上升67%,達到2220萬美元,主要由於增加的股份支付補償和支持增長計劃的人事費用。截至2024年11月2日,Credo的財務狀況仍然強勁,現金及現金等價物達到23920萬美元,較財年末的6690萬美元有所上升。公司的運營資本爲48860萬美元,管理層對擁有足夠資源支持運營和增長計劃至少12個月表示信懇智能。
Credo科技在截至2024年11月2日的2025財年第二季度報告了強勁的財務業績,總營業收入同比增長64%,達7200萬美元。產品銷售收入增長88%,達到6440萬美元,這得益於AEC和光學產品成交量的顯著增加。毛利率從去年同期的59.3%改善至63.2%。儘管營業費用上升,公司報告了420萬美元的淨虧損,較2024財年第二季度的660萬美元有所收窄。研發費用增加了46%,達到3170萬美元,而銷售、一般和行政費用上升67%,達到2220萬美元,主要由於增加的股份支付補償和支持增長計劃的人事費用。截至2024年11月2日,Credo的財務狀況仍然強勁,現金及現金等價物達到23920萬美元,較財年末的6690萬美元有所上升。公司的運營資本爲48860萬美元,管理層對擁有足夠資源支持運營和增長計劃至少12個月表示信懇智能。
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