Indie Semiconductor, Inc. ( (INDI) ) has released its Q4 earnings. Here is a breakdown of the information Indie Semiconductor, Inc. presented to its investors.
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Indie Semiconductor, Inc. is a company focused on developing innovative automotive solutions, particularly in the semiconductor sector, leveraging next-generation technology to enhance vehicle automation and electrification. In its latest earnings report, Indie Semiconductor, Inc. announced a revenue of $58 million for the fourth quarter of 2024, marking a 7.5% sequential increase with a non-GAAP gross margin of 50.4%. Despite an operating loss of $33.9 million on a GAAP basis, the company highlighted growth amid a challenging automotive market environment. Key financial highlights include a non-GAAP operating loss of $14.2 million and a non-GAAP loss per share of $0.07. Furthermore, the company secured significant design wins for its Vision processor with major OEMs in Korea and China, and achieved ASIL-D certification for its electrification ASIC, showcasing its strategic advancements in the automotive sector. Looking ahead, Indie Semiconductor remains optimistic about the prospects for 2025, bolstered by strong design win momentum and the introduction of multiple new products, despite anticipated market uncertainties affecting the first quarter.
