CRDO - Public offerings

SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO) ("Credo") today announced the pricing of an underwritten public offering of 10,000,000 of its ordinary shares at a price to the public of $17.50 per share. An aggregate of 8,940,000 of the shares are being offered by Credo and 1,060,000 shares are being offered by selling shareholders. The gross proceeds from the offering to Credo, before deducting underwriting discounts and commissions and other offering expenses payable by Credo, are expected to be $156.5 million. The offering is scheduled to close on December 8, 2023, subject to the satisfaction of customary closing conditions. Credo's o

SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO) ("Credo") today announced the commencement of an underwritten public offering of 10,000,000 of its ordinary shares. An aggregate of 8,940,000 of the shares are being offered by Credo and 1,060,000 of the shares are being offered by selling shareholders. Credo's ordinary shares are listed on the Nasdaq Global Select Market under the ticker symbol "CRDO". Credo intends to grant the underwriters for the offering a 30-day option to purchase up to an additional 1,500,000 ordinary shares from Credo at the price to the public, less underwriting discounts and commissions. Goldman Sachs & Co. LLC

SAN JOSE, Calif., June 01, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the fourth quarter and full fiscal year, ended April 30, 2022. Q4 Financial Highlights Revenue of $37.5 million, grew by 90.0% year on yearGAAP gross margin of 63.3% and non-GAAP gross margin of 63.7%GAAP operating expenses of $30.1 million and non-GAAP operating expenses of $21.6 millionGAAP net loss of $5.4 million and non-GAAP ne

SAN JOSE, Calif., March 09, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the third quarter of fiscal year 2022, ended January 31, 2022. Q3 Financial Highlights Revenue of $31.8 million, grew by 136% year on yearGAAP gross margin of 60.1% and non-GAAP gross margin of 60.7%GAAP operating expenses of $19.6 million and non-GAAP operating expenses of $18.2 millionGAAP net loss of $0.1 million and non-GAAP ne

SAN JOSE, Calif., Jan. 31, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd ("Credo") (NASDAQ:CRDO) today announced the closing of its initial public offering of 20,000,000 of its ordinary shares at an initial public offering price of $10.00 per share. An aggregate of 18,383,800 of the shares were offered by Credo and 1,616,200 shares were offered by selling shareholders. The aggregate gross proceeds to Credo from the offering, before deducting underwriting discounts and commissions and other offering expenses, were approximately $183.8 million. Credo's ordinary shares are listed on the Nasdaq Global Select Market under the ticker symbol "CRDO". Goldman Sachs & Co. LLC and BofA