secwatch.observer — SEC 8-K summary
======================================

Issuer:     indie Semiconductor, Inc. (INDI)
CIK:        0001841925
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-022301
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841925/000162828024022301/0001628280-24-022301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841925/000162828024022301/indi-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022301

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