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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
indie Semiconductor
indie Semiconductor
indie Semiconductor Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comContract Revenue
CapyFin.com 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