indie Semiconductor(INDI) - 2024 Q1 - Quarterly Results

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 ...