indie Semiconductor reports Q1 2025 revenue of $54.1M, up 3.3% YoY, and plans $40M cost cuts

indie Semiconductor, Inc.

2025-Q1 EPS reported -$0.18 revenue$54,077,000

Q1 2025 revenue was $54.1 million, up 3.3% year-over-year, with non-GAAP gross margin of 49.5%.
GAAP operating loss narrowed to $38.9 million from $49.6 million a year ago; non-GAAP loss per share was $0.08.
Restructuring plan aims to reduce annualized operating expenses by up to $40 million by year-end.
Secured design-wins for iND880 vision processor with Valeo for a North American OEM and with Bosch for a Toyota in-cabin monitoring application.
Surpassed 500 million cumulative chips shipped since inception; multiple design-wins in China including BYD and Mercedes China.

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