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Jun 30, 2022
indie Semiconductor Q2 2022 Earnings Report
indie Semiconductor exceeded Q2 2022 analyst expectations.
Key Takeaways
indie Semiconductor reported record revenue of $25.8 million, a 181% year-over-year increase and a 17% sequential increase. The company's non-GAAP gross margin expanded to 48.6%.
Delivered 181% Year-over-Year and 17% Sequential Revenue Growth to a Record $25.8M
Expanded Non-GAAP Gross Margin to 48.6%, up 650 Basis Points Year-over-Year and 120 Basis Points Sequentially
Commenced sampling of the automotive industry’s most integrated USB-PD programmable controller
Secured wireless charging and advanced lighting design wins at Honda, Hyundai / Kia and XPeng
Revenue by Segment
Forward Guidance
For the third quarter of 2022, indie Semiconductor anticipates top-line growth on the order of 140 to 150 percent year-over-year to an approximately $120 million annualized revenue run-rate at the midpoint with non-GAAP gross margin expansion into the 50 percent range.
Positive Outlook
- Expect to continue to far outpace indie’s addressable markets
- Anticipate top-line growth on the order of 140 to 150 percent year-over-year
- Approximately $120 million annualized revenue run-rate at the midpoint
- Non-GAAP gross margin expansion into the 50 percent range
- On track to reach profitability in the second half of next year
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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