Below are the financial statements of Credo, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 as of 2024-04-27 | 2023 as of 2023-04-29 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 66,942a | 108,583a |
| Short-term investments | 343,061a | 109,228a |
| Accounts receivable | 59,662a | 49,541a |
| Inventories | 25,907a | 46,023a |
| Contract assets | 21,562a | 9,445a |
| Prepaid expenses and other current assets | 13,131a | 5,412a |
| Total current assets | 530,265a | 328,232a |
| Property and equipment, net | 43,665a | 40,222a |
| Right of use assets | 13,077a | 14,860a |
| Other non-current assets | 14,925a | 13,975a |
| Total assets | 601,932a | 397,289a |
| Liabilities and shareholders' equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 13,417a | 6,067a |
| Accrued compensation and benefits | 9,000a | 6,471a |
| Accrued expenses and other current liabilities | 18,301a | 14,454a |
| Deferred revenue | 3,902a | 4,040a |
| Total current liabilities | 44,620a | 31,032a |
| Non-current operating lease liabilities | 11,133a | 12,869a |
| Other non-current liabilities | 5,981a | 5,753a |
| Total liabilities | 61,734a | 49,654a |
| Shareholders' equity | — | — |
| Ordinary shares | 8a | 7a |
| Additional paid in capital | 676,054a | 454,795a |
| Accumulated other comprehensive loss | -519a | -191a |
| Accumulated deficit | -135,345a | -106,976a |
| Total shareholders' equity | 540,198a | 347,635a |
| Total liabilities and shareholders' equity | 601,932a | 397,289a |
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