indie Semiconductor Q2 revenue $52.1M (+102% YoY); guides Q3 to $60M; Bosch win

indie Semiconductor, Inc.

2023-Q2 EPS reported -$0.63 revenue$92,560,000

Q2 revenue $52.1M, up 102% YoY and 29% sequentially; GAAP operating loss $40.7M.
Non-GAAP gross margin 52.2%, up 363 bps YoY; Non-GAAP operating loss $16.3M.
Secured large program win at Bosch for occupant monitoring, initially supporting Toyota/Lexus.
Q3 guidance: revenue ~$60M (up 100% YoY, 15% sequentially); targeting non-GAAP op income in Q4.
Reiterates plan to more than double revenue in 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

indie Semiconductor, Inc. reported the second quarter ended June 30, 2023 results: revenue $52.1 million. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $52.1 million
Guidance: raised
Result: reported results

Exact text from the filing

today announced Q2 results for the period ended June 30, 2023. Second quarter revenue was up 102 percent from the same period a year ago and 29 percent sequentially to a record $52.1 million, at the higher end of the Company’s guidance range and slightly ahead of consensus estimates. Non-GAAP gross margin expanded 363 basis points year-over-year to 52.2 percent and

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Source: SEC EDGAR

accession 0001628280-23-028901

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