indie Semiconductor Achieves Record Fourth Quarter and 2023 Results
indie Semiconductor, Inc. - Class A (INDI)
Company Research
Source: Business Wire
Posts Q4 Revenue of $70.1M, up 112% Year-over-Year and 16% SequentiallyExpands Q4 Non-GAAP Gross Margin to 52.7%, up 50 Basis Points Year-over-YearDelivers $223.2M in 2023 revenue, up 101% Year-over-YearExtends ADAS, User Experience and EV Design Win Pipeline ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced fourth quarter and year end results for the period ended December 31, 2023. Fourth quarter revenue was up 112 percent from the same period a year ago and 16 percent sequentially to a record $70.1 million, within the Company’s prior guidance range. Non-GAAP gross margin expanded 50 basis points year-over-year to 52.7 percent, in-line with indie’s guidance for the period. On a GAAP basis, fourth quarter 2023 operating loss was $20.6 million compared to $29.0 million a year ago. Non-GAAP operating loss for the fourth quarter of 2023 was $2.4 million, versus $15.1 million during the same period last year
Show less
Read more
Impact Snapshot
Event Time:
INDI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
INDI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
INDI alerts
High impacting indie Semiconductor, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
INDI
News
- Indie Semiconductor spikes before close amid takeover speculation [Seeking Alpha]Seeking Alpha
- indie Semiconductor Launches Advanced Smart Connectivity Solutions for In-Cabin ApplicationsBusiness Wire
- indie Semiconductor Sets Date for First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- indie Semiconductor Announces Strategic Investment in AI Processor Leader Expedera [Yahoo! Finance]Yahoo! Finance
- indie Semiconductor Announces Strategic Investment in AI Processor Leader ExpederaBusiness Wire
INDI
Earnings
- 2/22/24 - Beat
INDI
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 144
- 4/25/24 - Form ARS
- INDI's page on the SEC website