indie Semiconductor Q4 2021 Earnings Report
Key Takeaways
indie Semiconductor reported record fourth quarter revenue of $19 million, up 56% sequentially and 185% year-over-year. Non-GAAP gross margin expanded to 46.3%. The company anticipates continued growth and margin expansion in Q1 2022.
Delivered 56% Sequential and 185% Year-over-Year Revenue Growth to a Record $19M
Posted Non-GAAP Gross Margin of 46.3%, Up 330 Basis Points Sequentially and 1,090 Basis Points Year-over-Year
Guides Q1 2022 Revenue to be Up 160 to 170% Year-over-Year with Further Non-GAAP Gross Margin Expansion
Awarded a vehicle security system program at a European Tier 1 supplier
indie Semiconductor
indie Semiconductor
Forward Guidance
For the first quarter, indie anticipates revenue to be up 160 to 170 percent year-over-year and in the range of $21 to $22 million with non-GAAP gross margin of approximately 47 percent.
Positive Outlook
- plan to substantially outpace our addressable markets and drive further gross margin expansion
- revenue to be up 160 to 170 percent year-over-year
- revenue in the range of $21 to $22 million
- non-GAAP gross margin of approximately 47 percent
- putting indie on pace for another record quarter and a strong start to 2022