indie Semiconductor Achieves High End of Revenue Guidance Range in Q1 2022
indie Semiconductor, Inc. - Class A (INDI)
Company Research
Source: Business Wire
Delivers 171% Year-over-Year and 16% Sequential Revenue Growth to a Record $22.0MExpands Non-GAAP Gross Margin to 47.4%, up 710 Basis Points Year-over-Year and 110 Basis Points SequentiallyGuides Q2 2022 to a = $100M Annualized Revenue Run-rate with Further Non-GAAP Gross Margin Expansion ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced first quarter results for the period ended March 31, 2022. First quarter revenue was up 171 percent from the same period a year ago and 16 percent sequentially to a record $22.0 million, at the high end of the Company’s prior guidance range and exceeding analyst consensus estimates. Non-GAAP gross margin expanded 710 basis points year-over-year and 110 basis points sequentially to 47.4 percent, better than indie’s 47.0 percent guidance for the quarter. On a GAAP basis, first quarter 2022 operating loss was $34.3 million compared to $8.1 million in the year ago timeframe.
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INDI
Earnings
- 2/22/24 - Beat
INDI
Sec Filings
- 4/19/24 - Form 8-K
- 4/11/24 - Form SC
- 4/3/24 - Form 4
- INDI's page on the SEC website