INDIE SEMICONDUCTOR INC Stock Price, News & Analysis

indie Semiconductor (INDI) reported Q3 2024 revenue of $54.0M, up 3.1% sequentially, with Non-GAAP gross margin of 50.4%. The company expanded its strategic backlog to $7.1B, up from $6.3B last year, driven by ADAS design-win momentum. Vision and radar solutions now comprise over 72% of the strategic backlog. Q3 GAAP operating loss was $49.9M, with Non-GAAP operating loss at $16.8M. The company expects Q4 2024 revenue to increase by more than 7% sequentially to $58.0M at mid-point, anticipating return to industry-leading growth trajectory in 2025.

indie Semiconductor (Nasdaq: INDI) has announced its executive management's participation in four upcoming investor conferences. The events include the 15th Annual Craig-Hallum Alpha Select Conference on November 19, 2024, in New York, the 13th Annual ROTH Technology Conference on November 20, 2024, also in New York, the virtual Furey Research Partners Hidden Gems Conference on November 26, 2024, and the 27th Annual Needham Growth Conference from January 14-15, 2025, in New York.

indie Semiconductor (Nasdaq: INDI) announces significant design-win momentum for its iND880 camera video processor system-on-chip (SoC) family, which has been recognized as 'Auto Sensor Innovation of the Year' by AutoTech Breakthrough Awards. The iND880 SoC family addresses limitations in current vision processors, enabling OEMs to meet active safety mandates and consumer demands for increased vehicle automation.

Key features of the iND880 include high-dynamic range performance, class-leading low-light capability, and low-latency real-time processing. The solution eliminates the need for external DRAM, offering cost-effective ADAS capabilities across diverse vehicle portfolios. Currently sampling with multiple global OEM and Tier 1 customers, the iND880 is planned for vehicle deployment in 2025.

indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has announced its plans for the third quarter 2024 earnings release and conference call. The company will discuss its Q3 2024 results and business outlook on November 7, 2024, at 5:00 p.m. Eastern time. Prior to the call, indie will issue an earnings press release via Business Wire after market close on the same day. The release will also be available on the company's investor relations website.

Interested parties can access the conference call via the internet through indie's website or by phone. The call-in numbers are (877) 451-6152 (domestic) and (201) 389-0879 (international), with Conference ID: 13747703. A replay of the call will be available from 9:00 p.m. Eastern time on November 7 until 11:59 p.m. Eastern time on November 21, 2024, accessible through the company's website or by phone.

indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has announced the granting of equity awards under its 2023 Inducement Incentive Plan to new employees. These Inducement Grants were previously approved by the company's Compensation Committee of the Board of Directors. The announcement aims to provide transparency regarding employee compensation and incentives. Detailed information about the equity awards is available on indie Semiconductor's investor relations website.

indie Semiconductor (Nasdaq: INDI) has unveiled the iND87204, a next-generation automotive wireless charging system-on-chip (SoC) compliant with the Qi 2.0 standard and supporting the new Magnetic Power Profile (MPP) feature. This Qi2-compliant solution delivers up to 15 watts of power and integrates multiple Arm® Cortex® processors for enhanced functionality.

The iND87204 aims to meet the growing demand for in-vehicle wireless charging, with the global market estimated at $1.9 billion in 2024 and projected to reach $13.6 billion by 2034, representing a 21.9% CAGR. The SoC offers significant bill of materials savings and simplifies implementation, potentially reducing the footprint and external components by up to 50% compared to existing solutions.

indie Semiconductor (Nasdaq: INDI), an Automotive solutions provider, has announced its executive management's participation in several upcoming investor events. These include:

• Benchmark Fireside Chat Management Discussion Series (Virtual) on August 26, 2024
• Deutsche Bank 2024 Technology Conference at Waldorf Astoria, Dana Point, CA on August 28, 2024
• KeyBank Non-Deal Roadshow in New York, NY on September 3, 2024
• Benchmark TMT Conference at New York Athletic Club, NY on September 4, 2024

The company notes that its participation, attendees, and schedule are subject to change. These events provide opportunities for investors to gain insights into indie Semiconductor's operations and strategy.

indie Semiconductor (INDI) reported Q2 2024 results with revenue of $52.4 million, flat year-over-year but within the outlook range. Non-GAAP gross margin was 50.3%. The company guides Q3 2024 revenue up 2.5% sequentially at the midpoint. GAAP operating loss improved to $36.6 million from $40.7 million a year ago, while non-GAAP operating loss slightly increased to $17.2 million.

CEO Donald McClymont stated that indie has navigated the cyclical trough in the automotive market and anticipates revenue growth in H2 2024. The company secured key design wins and achieved milestones in radar and vision programs, positioning for resumed growth in 2025 and beyond.

indie Semiconductor (Nasdaq: INDI), an Autotech solutions innovator, has announced the schedule for its second quarter 2024 earnings release and conference call. The earnings report will be issued on August 8, 2024, after market close, followed by a conference call at 5:00 p.m. Eastern time the same day. The call will discuss the company's quarterly results and future business outlook. Investors and analysts can access the call via the Financials tab on indie's Investors page or by dialing in through provided domestic and international numbers. A replay will be available from 9:00 p.m. Eastern on August 8 until 11:59 p.m. Eastern on August 22, 2024.