Indie Semiconductor Q3 revenue $54M beats expectations; guides Q4 $58M; appoints permanent CFO

indie Semiconductor, Inc.

2024-Q3 EPS reported -$0.58 revenue$158,673,000

Q3 revenue $54.0M, up 3.1% sequentially; non-GAAP gross margin 50.4%.
GAAP operating loss $49.9M vs $136.2M year ago; non-GAAP op loss $16.8M.
GAAP EPS loss $0.28; non-GAAP EPS loss $0.09.
Guides Q4 revenue $58.0M midpoint, >7% sequential growth.
Appoints Kanwardev Raja Singh Bal as permanent CFO & EVP effective Nov 7, replacing Thomas Schiller in strategic advisory role.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Kanwardev Raja Singh Bal

Chief Financial Officer and Executive Vice President

INDI · indie Semiconductor, Inc.

Effective: 2024-11-07
Filed: November 7, 2024, 6:59 PM ET

On November 5, 2024, the Board of Directors of indie appointed Mr. Bal to serve as Chief Financial Officer and Executive Vice President and principal financial officer on a permanent basis, effective November 7, 2024.

Role change

Thomas Schiller

Strategic Advisor

INDI · indie Semiconductor, Inc.

Successor: Kanwardev Raja Singh Bal
Filed: November 7, 2024, 6:59 PM ET

Mr. Schiller is recuperating and will continue with indie in a strategic advisory role upon his return.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kanwardev Raja Singh Bal was appointed as Chief Financial Officer and Executive Vice President at indie Semiconductor, Inc..

Action: appointed
Role: Chief Financial Officer and Executive Vice President

Exact text from the filing

On November 5, 2024, the Board of Directors of indie appointed Mr. Bal to serve as Chief Financial Officer and Executive Vice President and principal financial officer on a permanent basis, effective November 7, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.8

Thomas Schiller changed role as Strategic Advisor at indie Semiconductor, Inc..

Action: will continue
Role: Strategic Advisor

Exact text from the filing

Mr. Schiller is recuperating and will continue with indie in a strategic advisory role upon his return.

View on SEC.gov

indie Semiconductor, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-046406

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