Indie Semiconductor reports record Q4 revenue of $70.1M, up 112% YoY; non-GAAP EPS loss $0.01

indie Semiconductor, Inc.

2023-FY EPS reported -$0.81 revenue$223,169,000

Q4 revenue $70.1M (+112% YoY, +16% sequential), within prior guidance range.
Non-GAAP gross margin 52.7% (+50 bps YoY); GAAP operating loss improved to $20.6M from $29.0M.
GAAP EPS loss $0.09; non-GAAP EPS loss $0.01, in line with guidance and consensus.
Full year 2023 revenue $223.2M (+101% YoY); non-GAAP gross margin 52.5% (+260 bps).
Secured in-cabin monitoring programs at BMW, Ford, GM, Toyota and smart connectivity win at leading EV OEM.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

indie Semiconductor, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $70.1 million, EPS Q4 GAAP loss per share was $0.09, while Non-GAAP loss per share was $0.01.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $70.1 million
EPS: Q4 GAAP loss per share was $0.09, while Non-GAAP loss per share was $0.01
Result: reported results

Exact text from the filing

and year end results for the period ended December 31, 2023. Fourth quarter revenue was up 112 percent from the same period a year ago and 16 percent sequentially to a record $70.1 million, within the Company’s prior guidance range. Non-GAAP gross margin expanded 50 basis points year-over-year to 52.7 percent, in-line with indie’s guidance for the period. On a GAAP

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Source: SEC EDGAR

accession 0001628280-24-006387

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