A major financial publication leaked that the high-growth chip company was exploring options, including a sale. While Indie is still a rather small company, with just $235 million in trailing-12-month revenue and a $1.25 billion market cap, it has actually assembled a rather broad array of automotive technologies, spanning lidar, radar, and computer vision for autonomous applications, as well as wireless charging inside the cabin and plug- in fast charging technologies for EVs. Indie has developed these tec ...

indie Semiconductor, Inc. (NASDAQ:INDI) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Ashish Gupta - Investor Relations Don McClymont - Co-Founder and Chief Executive Officer Tom Schiller - Chief Financial Officer and Executive Vice President, Strategy Conference Call Participants Suji Desilva - Roth MKM Ross Seymore - Deutsche Bank Anthony Stoss - Craig-Hallum Cody Acree - Benchmark Jonathan Tanwanteng - CJS Securities Operator Good afternoon and welcome to indie Semiconducto ...

Indie Semiconductor, Inc. (INDI) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced a loss of $0.01, delivering no surprise.Over the last four quarters, the company has not been ...

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 March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 32 Journey Aliso Viejo, California 92656 (Address of Principal Executive Offices) (Zip Code) (949) 608-0854 Re ...

Exhibit 99.1 indie Semiconductor Reports First Quarter 2024 Results ALISO VIEJO, Calif. – May 9, 2024 – indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced first quarter results for the period ended March 31, 2024. Q1 revenue was up 29 percent year-over-year to $52.4 million with Non- GAAP gross margin of 50.3 percent. On a GAAP basis, first quarter 2024 operating loss was $49.6 million compared to $37.0 million a year ago. Non-GAAP operating loss for the first quarter ...

Hiroshi Watanabe indie Semiconductor (NASDAQ:INDI) designs semiconductors and components for automotive compute. indie's main business is in making processors for ADAS (advanced driver assistance systems) that use data from various sensors like cameras, radar, and LiDAR. indie also makes systems for cabin experience elements like lighting and wireless charging, and is making inroads in automotive electrification. indie's revenue doubled in 2023 and has more than quadrupled since 2021. Margins have also impr ...

The AI gold rush has turned several chip stocks into globally important firms. Of course, none has become more important than Nvidia (NASDAQ:NVDA). The company’s AI accelerator GPUs are in high demand. Share prices have surged to astronomical levels, leading some to believe they are overvalued. While that may or may not be the case, we are looking for overlooked chip stocks today.Some firms are connected to the AI gold rush, while others possess different catalysts. Regardless, each represents an undervalue ...

ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor (Nasdaq: INDI), an Autotech solutions innovator, today announced that it has granted equity awards (the “Inducement Grants”) under its 2023 Inducement Incentive Plan to new employees who joined indie. The grants were previously approved by the Compensation Committee of the Board of Directors of indie Semiconductor. Information regarding the equity awards can be found on the company's investor relations website at: https://investors.indiesemi.com/news ...

Industry Dynamics - The semiconductor industry is cyclical, which may limit the company's ability to maintain or improve net sales and profitability[93]. - The company relies heavily on the automotive market, with significant fluctuations in demand impacting revenue and profitability[101]. - Average selling prices of semiconductor products have historically decreased, which could adversely affect revenue and profit margins[99]. - Significant consolidation in the semiconductor industry may create competitive disadvantages for the company[97]. - The semiconductor industry faces continued price erosion, particularly for older technology products, which may impact product margins[110]. - The semiconductor industry is characterized by frequent litigation regarding intellectual property rights, which could result in substantial costs and impact the company's ability to compete[159]. Financial Performance - Total revenue for 2023 reached $223.169 million, a significant increase of 101% compared to $110.797 million in 2022[358]. - The net loss for 2023 was $128.832 million, compared to a net loss of $52.788 million in 2022, indicating a worsening financial position[360]. - Cash and cash equivalents decreased to $151.678 million from $321.629 million in 2022, a decline of 53%[356]. - The company reported a loss from operations of $135.423 million, compared to a loss of $119.128 million in 2022[358]. - Comprehensive loss attributable to indie Semiconductor, Inc. was $111.506 million for 2023, compared to $53.282 million in 2022[360]. Capital and Funding - The company may seek additional capital, which could result in dilution for existing stockholders[89]. - The company may pursue mergers and acquisitions to enhance market coverage, but such transactions carry risks that could adversely affect operations[113]. - The company raised gross proceeds of $53,136,000 from the issuance of 5,219,500 shares of Class A common stock at an average price of $10.18 per share during 2023[373]. - The company has approximately $79,661,000 available for future issuances under the At-The-Market Agreement as of December 31, 2023[373]. Operational Risks - The company depends on third parties for manufacturing, assembly, and testing, exposing it to risks related to supply chain disruptions[106]. - Geopolitical uncertainties and macroeconomic conditions could adversely impact customer demand and disrupt the supply chain[89]. - The company faces challenges in managing future growth, which could strain resources and systems[120]. - The loss of key management or skilled personnel could materially affect product development and overall business performance[121]. - Cybersecurity incidents could result in the misappropriation of proprietary information, with potential significant costs and operational consequences[163]. Regulatory and Compliance - The company is subject to various regulations, and failure to comply could result in investigations, fines, and a diversion of management resources[168]. - The company is now required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, incurring additional compliance costs[209]. - The company faces regulatory uncertainties regarding data protection laws in China, which could impact its operations and financial results[202]. Tax and Financial Obligations - Payments under the Tax Receivable Agreement will require the company to pay 85% of tax benefits related to tax depreciation or amortization deductions, which may be substantial[142]. - The company’s ability to declare and pay dividends may be restricted if ADK LLC does not have sufficient funds to make distributions[141]. - The company may not have sufficient funds to settle the 2027 Notes or to repurchase them upon a fundamental change, which could lead to a default under the indenture[131]. Acquisitions and Investments - The company recorded a developed technology intangible asset valued at $69.33 million following the acquisition of GEO Semiconductor Inc. on March 3, 2023[342]. - The acquisition of GEO Semiconductor Inc. involved $93,448 in cash and the issuance of 6,868,768 shares of Class A common stock valued at $75,556, with additional contingent consideration based on revenue targets[378]. - The acquisition of Silicon Radar GmbH included $9,245 in cash and 982,445 shares of Class A common stock valued at $9,834, with contingent consideration based on revenue milestones[379]. Shareholder Considerations - The weighted average common shares outstanding increased to 145,188,867 from 118,660,785 in 2022, reflecting dilution[358]. - There is a risk that substantial sales of Class A common stock by stockholders could adversely affect the market price of the company's securities[213]. - The company has provisions in its Certificate of Incorporation and Bylaws that may limit stockholders' ability to take certain actions, potentially affecting share price[215].

In today's video, I discuss recent updates affecting Indie Semiconductor (INDI -2.33%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of Feb. 27, 2024. The video was published on Feb. 27, 2024. ...