indie Semiconductor Exceeds Third Quarter 2024 Growth Expectations, Guides Accelerating Fourth Quarter
indie Semiconductor, Inc. - Class A (INDI)
Company Research
Source: Business Wire
Delivers Q3 2024 Revenue of $54.0M, up 3.1% Sequentially, with Non-GAAP Gross Margin of 50.4%Guides Q4 2024 Revenue up more than 7% Sequentially at the Mid-point of $58.0MExpands Strategic Backlog to $7.1B, up from $6.3B last year, driven by strong ADAS design-win momentum ALISO VIEJO, Calif.--(BUSINESS WIRE)--indie Semiconductor, Inc. (Nasdaq: INDI), an automotive solutions innovator, today announced third quarter results for the period ended September 30, 2024. Third quarter 2024 revenue increased 3.1% sequentially to $54.0 million, above the mid-point of the outlook with Non-GAAP gross margin up sequentially to 50.4 percent. On a GAAP basis, third quarter 2024 operating loss was $49.9 million compared to $136.2 million a year ago. Non-GAAP operating loss for the third quarter of 2024 was $16.8 million, versus $13.0 million during the same period last year. Third quarter 2024 GAAP loss per share was $0.28, while Non-GAAP loss per share was $0.09.“indie exceeded consensus revenue
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News
- indie Semiconductor, Inc. (NASDAQ: INDI) had its price target lowered by analysts at Roth Mkm from $7.00 to $5.00. They now have a "buy" rating on the stock.MarketBeat
- Indie Semiconductor Inc (INDI) Q3 2024 Earnings Call Highlights: Surpassing Revenue Guidance ... [Yahoo! Finance]Yahoo! Finance
- indie Semiconductor Exceeds Third Quarter 2024 Growth Expectations, Guides Accelerating Fourth Quarter [Yahoo! Finance]Yahoo! Finance
- Indie Semiconductor Inc (INDI) Q3 2024: Everything You Need To Know Ahead Of Earnings [Yahoo! Finance]Yahoo! Finance
- indie Semiconductor, Inc. (NASDAQ: INDI) had its price target lowered by analysts at Benchmark Co. from $12.00 to $9.00. They now have a "buy" rating on the stock.MarketBeat
INDI
Earnings
- 11/7/24 - Beat
INDI
Sec Filings
- 11/12/24 - Form 144
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- INDI's page on the SEC website