Loading...
•
Jun 30, 2021
indie Semiconductor Q2 2021 Earnings Report
indie Semiconductor exceeded expectations and reaffirmed its strategic outlook.
Key Takeaways
indie Semiconductor reported a record revenue of $9.2 million, a 148% increase year-over-year. The company exited the quarter with $354 million in cash and cash equivalents and anticipates sustained gross margin expansion in Q3 2021.
Delivered 148% Year-over-Year Revenue Growth
Exited the Quarter with $354 million in Cash and Cash Equivalents
Guides to 30% Sequential Top Line Growth with Further Non-GAAP Gross Margin Expansion in Q3 2021
Closed merger with Thunder Bridge Acquisition II and commenced trading on Nasdaq June 11
Revenue by Segment
Forward Guidance
The company expects 30 percent sequential revenue growth and non-GAAP gross margin of roughly 43 percent in Q3 2021.
Positive Outlook
- Anticipate top line growth to outperform the market
- Sustained gross margin expansion in the third quarter of 2021
- Expect 30 percent sequential revenue growth
- Expect non-GAAP gross margin of roughly 43 percent
- Stage is set for indie to nearly double revenue in 2021
Challenges Ahead
- Global supply chain tightness
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...