indie Semiconductor Q1 revenue $52.4M (+29% YoY); non-GAAP loss per share $0.10

indie Semiconductor, Inc.

2024-Q1 EPS reported -$0.19 revenue$52,353,000

Q1 revenue $52.4M, up 29% YoY; non-GAAP gross margin 50.3%.
GAAP operating loss $49.6M vs $37.0M a year ago; non-GAAP operating loss $17.2M vs $16.8M.
Q2 revenue guidance: flat to +5% sequentially with non-GAAP gross margin expansion.
CEO says Q1 slightly below guidance but expects H2 outsized growth from new product ramps.
Business wins: BMW OMS ramp, Cadillac Escalade AR, Valeo cameras, VW ultrasonic intrusion detection.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

indie Semiconductor, Inc. reported first quarter ended March 31, 2024 results: revenue $52.4 million, net income $49.6 million, EPS $0.19. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $52.4 million
Net income: $49.6 million
EPS: $0.19
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced first quarter results for the period ended March 31, 2024. Q1 revenue was up 29 percent year-over-year to $52.4 million with Non-GAAP gross margin of 50.3 percent. On a GAAP basis, first quarter 2024 operating loss was $49.6 million compared to $37.0 million a year ago. Non-GAAP operating loss for

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Source: SEC EDGAR

accession 0001628280-24-022301

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