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Mar 31, 2022
indie Semiconductor Q1 2022 Earnings Report
Achieved record first quarter revenue and expanded non-GAAP gross margin.
Key Takeaways
indie Semiconductor reported a record first quarter revenue of $22.0 million, a 171% year-over-year increase and a 16% sequential growth. The company's non-GAAP gross margin expanded to 47.4%.
Delivered 171% Year-over-Year and 16% Sequential Revenue Growth to a Record $22.0M.
Expanded Non-GAAP Gross Margin to 47.4%, up 710 Basis Points Year-over-Year and 110 Basis Points Sequentially.
Commenced sampling of Surya™, a highly integrated LiDAR SoC.
Extended global reach with the opening of sales and technical support centers of excellence in Japan and South Korea.
Revenue by Segment
Forward Guidance
For the second quarter of 2022, indie anticipates accelerating top-line growth on the order of 172 to 183 percent year-over-year with non-GAAP gross margin expansion into the 48 percent range. At the mid-point of revenue guidance, indie will be on a greater than $100 million annualized run-rate.
Positive Outlook
- Strong order visibility
- Set customer ramps
- New product launches
- Accelerating top-line growth
- Non-GAAP gross margin expansion into the 48 percent range
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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