secwatch.observer — SEC 8-K summary
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Issuer:     indie Semiconductor, Inc. (INDI)
CIK:        0001841925
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001628280-23-017607
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

indie Semiconductor beats Q1 expectations: revenue $40.5M, up 84% YoY; Q2 guidance up 102% YoY
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- Revenue $40.5M, up 84% YoY and 22% sequentially, ahead of guidance and consensus.
- Non-GAAP gross margin 52.2%, up 484 bps YoY, also above analyst expectations.
- GAAP operating loss $37.0M vs $34.3M a year ago; non-GAAP operating loss $16.8M vs $16.5M.
- Q2 2023 revenue guidance up 102% YoY and 28% sequentially, implying >$200M annualized run-rate.
- Business highlights: ADAS design win at GM with Sharp Japan; design wins at BYD, Nio, Li Auto; closed acquisitions of GEO Semiconductor and Silicon Radar.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841925/000162828023017607/0001628280-23-017607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841925/000162828023017607/indi-20230511.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-017607

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer