Loading...
•
Sep 30, 2021
indie Semiconductor Q3 2021 Earnings Report
indie Semiconductor exceeded Q3 2021 expectations with revenue growth and margin expansion.
Key Takeaways
indie Semiconductor reported record third quarter revenue of $12.2 million, a 60% increase year-over-year, and a non-GAAP gross margin of 43.0 percent. The company is guiding for continued revenue growth and margin expansion in the fourth quarter.
Delivered 32% Sequential and 60% Year-over-Year Revenue Growth
Guided to 50% Sequential and More Than 170% Year-over-Year Revenue Growth with Sustained Non-GAAP Gross Margin Expansion in the Fourth Quarter 2021
Updated Strategic Backlog to $2.6 Billion, Up from $2.0 Billion Last Year
Signed definitive agreement to acquire TeraXion, adding complementary LiDAR laser solutions
indie Semiconductor
indie Semiconductor
indie Semiconductor Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comContract Revenue
CapyFin.com Forward Guidance
indie expects 50 percent sequential and more than 170 percent year-over-year revenue growth with non-GAAP gross margin of roughly 45 percent in Q4 2021.
Positive Outlook
- Capitalizing on strong global demand for Autotech solutions
- On track to deliver record fourth quarter revenue
- Expects 50 percent sequential revenue growth
- Expects more than 170 percent year-over-year revenue growth
- Expects non-GAAP gross margin of roughly 45 percent
Revenue & Expenses
Visualization of income flow from segment revenue to net income