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indie Semiconductor, Inc. reports developments tied to automotive semiconductors, photonics and perception software for ADAS and adjacent industrial markets. Its updates regularly cover mixed-signal SoCs and system solutions, sensor modalities such as radar, LiDAR, ultrasound and computer vision, and embedded control, power management and interface products used in automated vehicle safety features.
Company news also includes quarterly operating results, business outlook commentary, production orders and chipset shipments with Tier 1 automotive partners, photonics products for quantum applications, equity-inducement grants and capital-structure actions such as convertible note offerings. Recent product coverage includes UV DFB laser sources for cooled-atom quantum systems alongside the company's automotive sensing portfolio.
indie Semiconductor (Nasdaq: INDI) will join the Russell 2000 Index effective June 27, 2022, marking a significant milestone as the company celebrates its first anniversary as a publicly traded entity. This addition reflects indie's commitment to the growing Autotech market, aiming to broaden its investor base and enhance shareholder value. The Russell indexes, which include the 4,000 largest U.S. stocks, are benchmarks for investment strategies, with approximately $12 trillion in assets tied to them.
indie Semiconductor reported a record revenue of $22.0 million for Q1 2022, marking a 171% year-over-year increase and 16% sequential growth. Non-GAAP gross margin expanded to 47.4%, exceeding prior guidance. Despite an operating loss of $34.3 million on a GAAP basis, the company anticipates strong growth, projecting a revenue run-rate exceeding $100 million in Q2 2022. With a focus on automotive megatrends, indie aims for profitability in the second half of next year, supported by strategic product developments and strong order visibility.
indie Semiconductor has appointed Chet Babla as Senior Vice President of Strategic Marketing, aimed at expanding partnerships with Tier 1 automotive customers and enhancing product development. Babla, with over 25 years of experience in the tech industry, previously led Arm’s Automotive Line of Business, focusing on automotive applications. His expertise is expected to drive indie's growth in ADAS and electrification applications, positioning the company to capitalize on advances in automotive technology.
indie Semiconductor has announced it is on track to achieve the high end of its Q1 revenue guidance due to stronger than expected orders. The company anticipates exceeding consensus estimates for both sales and non-GAAP gross margin. indie plans to file its 2021 10-K within the SEC extension window and is gearing up to report quarterly results on May 12, 2022. CEO Thomas Schiller highlighted the increasing demand for their automotive semiconductors as a key factor in these results.
indie Semiconductor announces the retirement of founder Bill Woodward and the appointment of Diane Biagianti to its board of directors. Biagianti, an experienced corporate governance and legal executive, previously served as general counsel at Glaukos Corporation. Woodward, who played a vital role in indie's early success, expressed gratitude for the journey and commitment to the company. Biagianti aims to support indie in its growth stage, focusing on automotive semiconductor innovations as the company seeks to leverage market opportunities in Autotech.
indie Semiconductor (NASDAQ: INDI) will participate in Morgan Stanley's Technology, Media & Telecom Conference on March 7, 2022. CEO Donald McClymont is set to engage in a fireside chat at 4:45 p.m. PT. The conference will be webcast and available for replay at www.indiesemi.com. indie specializes in automotive semiconductors and software for ADAS and autonomous vehicles, aiding the Autotech revolution with innovative technologies.
indie Semiconductor delivered record revenue of $19M in Q4 2021, marking a 185% year-over-year growth. This exceeded analyst expectations, with a non-GAAP gross margin of 46.3%, an increase from 43.7% in 2020. For the full year, revenue reached $48M, doubling compared to the previous year. The company anticipates Q1 2022 revenue growth of 160-170% year-over-year, projecting $21-22M. Despite increased R&D investments resulting in non-GAAP operating losses, indie is well-positioned for growth in the expanding Autotech market.
indie Semiconductor (Nasdaq: INDI) plans to hold a conference call on February 22, 2022, at 5:00 p.m. Eastern Time to discuss its fourth quarter and 2021 financial results. An earnings press release will be issued after market close on the same day, available on the company's website. The call can be accessed via the internet or telephone. A replay will be available from 9:00 p.m. Eastern Time on February 22 until March 1, 2022. indie specializes in automotive semiconductors and software for advanced driver assistance and electrification.
Indie Semiconductor is expanding its presence in Japan by establishing a Kabushiki Kaisha and hiring Yasuyuki Arai, a seasoned semiconductor expert, to lead sales and marketing initiatives. This strategic move aims to cater to Japan’s major automotive manufacturers and supply partners, enhancing local customer support. Indie plans to showcase its automotive semiconductors and software solutions at the Automotive World 2022 event in Tokyo, where it aims to capture design wins and address previously untapped high-volume accounts in one of the world’s largest automotive markets.
indie Semiconductor has launched its Surya™ LiDAR system-on-a-chip, designed to enhance advanced driver assistance systems (ADAS) and facilitate autonomous driving. This innovative LiDAR technology significantly reduces power consumption and costs compared to current FPGA designs. The Surya™ integrates high-speed analog-to-digital converters and digital signal processing for precise long-range target detection. The company aims to meet growing demand for comprehensive ADAS solutions. The global automotive LiDAR market is projected to reach $3.2 billion by 2027, growing at a CAGR of 28% from 2020.