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0.00289017341040456 0.0115606936416185 0.0260115606936416 0.0343352601156069 0.118497109826589 0.0895953757225434 0.0751445086705202 0.0751445086705202
Stock impact report

indie Semiconductor Exceeds Third Quarter 2024 Growth Expectations, Guides Accelerating Fourth Quarter [Yahoo! Finance]

indie Semiconductor, Inc. - Class A (INDI) 
Company Research Source: Yahoo! Finance
Expands Strategic Backlog to $7.1B, up from $6.3B last year, driven by strong ADAS design-win momentum ALISO VIEJO, Calif., November 07, 2024 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 forecasts in Q3, despite the persisting near-term challenges impacting the automotive industry," said Donald McClymont, indie's co-founder and chief e Show less Read more
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