Indie Q3 revenue $60.5M (+101% YoY), guides Q4 $70-75M, completes warrant exchange

indie Semiconductor, Inc.

2023-Q3 EPS reported -$0.73 revenue$153,036,000

Q3 revenue $60.5M, up 101% YoY and 16% sequentially; non-GAAP gross margin 52.7%.
GAAP operating loss $36.1M (vs $25.9M YoY); non-GAAP operating loss narrowed to $13.0M (vs $15.8M).
Q4 revenue guidance $70-75M, targeting non-GAAP EBITDA breakeven.
Strategic backlog increased to $6.3B (from $4.3B last year); ADAS/LiDAR design wins.
Completed warrant exchange: issued ~7.7M shares for all outstanding warrants; warrants delisted.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

indie Semiconductor, Inc. reported third quarter ended September 30, 2023 results: revenue $60.5M. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $60.5M
Guidance: reaffirmed
Result: reported results

Exact text from the filing

indie Semiconductor Exceeds Q3 2023 Growth Expectations • D elivers Q3 Revenue of $60.5M, up 101% YoY and 16% Sequentially • Expands Non-GAAP Gross Margin 226 Basis Points YoY to 52.7% • Guides Q4 2023 Revenue to $70M-$75M and non-GAAP EBITDA Breakeven • Reiterates Plan to More than Double Revenue in 2023

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Source: SEC EDGAR

accession 0001628280-23-038283

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