indie Semiconductor(US:INDI)2023-03-29 12:30Market Opportunity & Growth - The company is well-positioned in a high-growth market with a $48 billion Served Addressable Market (SAM) expected by 2027[6] - The automotive semiconductor market is at an inflection point, driven by silicon content gains[21, 22] - The automotive semiconductor TAM is growing at an 11% Compound Annual Growth Rate (CAGR)[33] Strategic Focus - The company is capitalizing on three strategic auto megatrends: sensor fusion, user experience enhancement, and electrification[35, 37, 48, 88] - The company is enabling sensor fusion through radar acquisitions and computer vision solutions[37, 41, 46] - The company is supporting emerging autotech applications and accelerating electrification[86, 88] Financial Performance & Backlog - The company has a strategic backlog of $4.3 billion as of November 2022[95] - The company's revenue has grown significantly, with a year-over-year growth of 129% in 2021 and 49.9% gross margin in 2022[92] - The company has demonstrated improving fundamentals and has exceeded or met revenue and gross margin expectations in 7 consecutive quarters since its June 2021 IPO[78, 99]