Revenue Performance - Revenue for the three months ended September 30, 2024 was $54.0 million, a decrease of $6.5 million or 11% compared to $60.5 million for the same period in 2023, primarily due to a $2.1 million decrease in product revenue and a $4.4 million decrease in contract revenue [173]. - Product revenue for the three months ended September 30, 2024 was $51.3 million, representing 95% of total revenue, while contract revenue was $2.7 million, representing 5% of total revenue [173]. - Revenue for the nine months ended September 30, 2024 was $158.7 million, an increase of $5.6 million or 4% compared to $153.0 million for the same period in 2023, primarily driven by a $16.4 million increase in product revenue [184]. - Product revenue for the nine months ended September 30, 2024 was $148.9 million, representing 94% of total revenue, while contract revenue decreased by $10.8 million or 52% to $9.8 million [184]. Operating Expenses - Total operating expenses for the three months ended September 30, 2024 were $103.9 million, an increase of $7.2 million or 7% compared to $96.6 million for the same period in 2023 [175]. - Research and development expenses increased by $4.4 million or 11% to $46.0 million for the three months ended September 30, 2024, primarily due to increased share-based compensation [176]. - Selling, general, and administrative expenses rose by $1.0 million or 5% to $20.8 million for the three months ended September 30, 2024, driven by increased share-based compensation expenses [177]. - Total operating expenses for the nine months ended September 30, 2024 were $294.9 million, an increase of $27.9 million or 10% compared to $266.9 million for the same period in 2023 [186]. - Research and development (R&D) expenses increased by $16.6 million or 14% to $136.9 million for the nine months ended September 30, 2024, primarily due to increased headcount and share-based compensation [187]. - Selling, general, and administrative expenses rose by $5.3 million or 10% to $60.6 million for the nine months ended September 30, 2024, driven by higher personnel costs and share-based compensation [188]. Net Income and Loss - The company recognized a net loss of $5.0 million in other income (expense) for the three months ended September 30, 2024, compared to a gain of $18.1 million for the same period in 2023, reflecting significant changes in fair value of warrants and contingent considerations [180]. - The company reported a net loss of $109.8 million for the nine months ended September 30, 2024, compared to a net loss of $114.2 million for the same period in 2023 [209][210]. Cash Flow and Liquidity - As of September 30, 2024, the company had cash and cash equivalents of $107.2 million, including restricted cash [195]. - For the nine months ended September 30, 2024, net cash used in operating activities was $51.9 million, a decrease of 41% compared to $88.0 million for the same period in 2023 [207][210]. - Net cash used in investing activities decreased significantly to $16.7 million in 2024 from $103.6 million in 2023, primarily due to the Kinetic acquisition and reduced capital expenditures [211]. - Net cash provided by financing activities was $23.5 million for the nine months ended September 30, 2024, down 31% from $34.2 million in 2023 [212][213]. - The company expects to continue incurring net operating losses and negative cash flows as it expands operations and product offerings [205]. Acquisitions and Investments - The acquisition of Kinetic Technologies was completed on January 25, 2024, with an initial cash consideration of $3.2 million and additional contingent considerations totaling $4.6 million based on production and revenue milestones [169]. - The company completed multiple acquisitions, including GEO for $93.4 million in cash and stock, and Silicon Radar for approximately $9.2 million, with additional contingent considerations based on future performance [201][202]. - The company completed the acquisition of certain business properties from Kinetic for a total consideration of $3.2 million in cash, with additional contingent considerations of $2.3 million based on production and revenue milestones [204]. Interest Income and Currency - Interest income for the three months ended September 30, 2024 was $1.0 million, a decrease of $0.9 million or 47% compared to $1.9 million for the same period in 2023 [179]. - Interest income for the nine months ended September 30, 2024 was $3.4 million, a decrease of $2.8 million or 45% from the same period in 2023, primarily due to lower cash balances [190]. - The company has a cumulative foreign currency translation loss of $8.5 million as of September 30, 2024, compared to $20.3 million in 2023, primarily due to fluctuations in exchange rates [219][220]. - The company plans to enter into additional foreign currency forward contracts to mitigate risks associated with currency fluctuations [220]. Future Obligations - Future estimated cash payments due for contractual obligations total $221.8 million, with $20.4 million due within the next year [215]. - The investment portfolio totals approximately $107.2 million as of September 30, 2024, with a focus on liquidity and capital preservation [221].

indie Semiconductor, Inc. (NASDAQ:INDI) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Ashish Gupta – Investor Relations Donald McClymont – Co-Founder and Chief Executive Officer Raja Bal – Chief Financial Officer Conference Call Participants Suji Desilva – Roth Capital Partners Ross Seymore – Deutsche Bank Cody Acree – The Benchmark Company Anthony Stoss – Craig-Hallum Craig Ellis – B. Riley Securities Jon Tanwanteng – CJS Securities Operator Good afternoon, and welcome t ...

Indie Semiconductor, Inc. (INDI) came out with a quarterly loss of $0.09 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.09, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.indie Semiconductor, which belongs t ...

Exhibit 99.1 indie Semiconductor Exceeds Third Quarter 2024 Growth Expectations, Guides Accelerating Fourth Quarter • Delivers Q3 2024 Revenue of $54.0M, up 3.1% Sequentially, with Non-GAAP Gross Margin of 50.4% • Guides Q4 2024 Revenue up more than 7% Sequentially at the Mid-point of $58.0M • Expands Strategic Backlog to $7.1B, up from $6.3B last year, driven by strong ADAS design-win momentum ALISO VIEJO, Calif. – November 7, 2024 – indie Semiconductor, Inc. (Nasdaq: INDI), an automotive solutions innovat ...

News of top executive pay cuts didn't exactly inspire confidence with investors. Indie Semiconductor (INDI -8.92%) shares were jammed in the slow lane as the abbreviated stock trading week kicked off on Tuesday. On news that the assisted-driving chip developer's top executives were subject to severe pay restrictions, investors aggressively traded out of the company. Its stock closed the day almost 9% lower in price, a far steeper fall than the 2.1% slide of the bellwether S&P 500 index. Slimmer paychecks fo ...

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared t o a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major ove ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-40481 __________________________ ...

Indie Semiconductor, Inc. (INDI) came out with a quarterly loss of $0.09 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.11 per share a year ago. These figures are adjusted for nonrecurring items. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.10, delivering a surprise of -25%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. indie Semiconductor, which ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $52.4 million, flat compared to Q1 and at the lower end of the previous outlook [5][20] - Non-GAAP gross profit was $26.3 million, resulting in a gross margin of 50.3%, slightly below plan due to an unfavorable product mix [20] - Non-GAAP operating loss was $17.2 million, with a net loss of $18 million, translating to a net loss per share of $0.09 [20] - Cash usage during the quarter was $19.7 million from operating activities and $3.7 million in capital expenditures, ending with $122.6 million in total cash [20] Business Line Data and Key Metrics Changes - In the ADAS sector, indie Semiconductor differentiates itself by offering all four key ADAS sensors: radar, vision, LiDAR, and ultrasound, enabling scalable processing architectures [8] - The flagship 77 gigahertz radar program achieved full functional verification, with testing in live automotive applications ongoing [9] - The iND880 computer vision solution has been sampled to key customers with positive feedback and selected for high-volume production programs [12] Market Data and Key Metrics Changes - The automotive market is projected to produce approximately 88 million units in 2024, down from over 90 million in 2023, impacting semiconductor content [6] - The automotive semiconductor industry is expected to see flat to low single-digit negative growth in 2024 [7] - Regulatory changes, such as the U.S. mandate for Automatic Emergency Braking by 2029 and the EU's Intelligent Speed Assist requirement, are expected to drive demand for indie's products [10][14] Company Strategy and Development Direction - The company is focused on innovation and securing design wins with major global OEMs, positioning itself to capitalize on automotive megatrends [18] - Despite current market headwinds, indie anticipates a return to an industry-leading growth trajectory in 2025 and beyond [21] - The strategy includes expanding product offerings in ADAS, user experience, and electrification [22] Management's Comments on Operating Environment and Future Outlook - Management noted that inventory situations are improving, allowing for more flexibility in the second half of the year [23] - There are expectations for modest revenue growth in Q3 2024, outpacing the automotive industry [21] - Management remains confident in the execution of programs despite some delays due to macroeconomic conditions [29] Other Important Information - The company has shipped a cumulative total of 400 million chips, reflecting its product differentiation and innovation [17] - The shift towards ASSP (Application Specific Standard Products) is expected to continue, with a decrease in NRE (Non-Recurring Engineering) contract revenue as a percentage of total revenue [43] Q&A Session Summary Question: Overall auto demand environment in the second half - Management indicated that the inventory situation is significantly improving and expects more flexibility going forward [23] Question: Timing for revenue contribution from radar programs - Management stated that the radar program will take time to ramp through key customers but is confident about the situation [25] Question: Certainty of company-specific ramps - Management confirmed that there are no lost programs and that delays are organic, not due to conscious decisions [29] Question: Gross margin trajectory - Management noted that there is no material pricing impact and that they are back to just-in-time inventory practices [30] Question: Updates on radar programs with Bosch and Ficosa - Management confirmed that these programs are on track and will ramp next year [33] Question: Impact of de-contenting trend - Management does not foresee a significant impact from de-contenting in 2025, as forecasts remain reasonably fixed [39] Question: Mix between product revenue and contract revenue - Management acknowledged a decrease in NRE contract revenue as a percentage of total revenue, expecting this trend to continue [42]

Exhibit 99.1 indie Semiconductor Reports Second Quarter 2024 Results • Q2 2024 Revenue of $52.4 million within Outlook range with Non-GAAP Gross Margin of 50.3% • Guides Q3 2024 Revenue up 2.5% sequentially at the midpoint • Radar and Vision programs at Key Customers remain firmly on track for 2025 Revenue ramp • Continued design win success across the portfolio at Global Automotive OEM's ALISO VIEJO, Calif. – August 8, 2024 – indie Semiconductor, Inc. (Nasdaq: INDI), an Automotive solutions provider, today ...