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Indie Semiconductor, Inc. (symbol: INDI) is a pioneering company in the field of automotive semiconductors and software platforms. With a core focus on custom microcontroller-based chips, indie Semiconductor replaces the traditional printed circuit board components with a single, optimized System-on-Chip (SoC). This innovative approach not only reduces product cost, size, and power consumption but also enhances reliability, manufacturability, and security.
The company specializes in mixed-signal design and is known for its ability to integrate new designs quickly and cost-effectively. Indie Semiconductor's strengths lie in delivering high-volume production, with millions of units shipped monthly. The firm's impressive growth trajectory is supported by its cutting-edge technologies and strategic market positioning.
Empowering the Autotech revolution, indie Semiconductor offers next-generation automotive semiconductors and software platforms. The company's products focus on edge sensors for advanced Driver Assistance Systems (ADAS), including LiDAR, connected car solutions, user experience enhancements, and electrification applications. These technologies are vital to the development of electric and autonomous vehicles, providing advanced user interfaces that seamlessly connect in-cabin experiences to mobile platforms.
Geographically, indie Semiconductor generates the majority of its revenue from Greater China, while also having significant market presence in the United States, Europe, South Korea, and other regions. Their rapid growth is driven by robust demand for their innovative solutions that are shaping the future of the automotive industry.
indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has announced the granting of equity awards under its 2023 Inducement Incentive Plan to new employees. These Inducement Grants were previously approved by the company's Compensation Committee of the Board of Directors. The announcement aims to provide transparency regarding employee compensation and incentives. Detailed information about the equity awards is available on indie Semiconductor's investor relations website.
indie Semiconductor (Nasdaq: INDI) has unveiled the iND87204, a next-generation automotive wireless charging system-on-chip (SoC) compliant with the Qi 2.0 standard and supporting the new Magnetic Power Profile (MPP) feature. This Qi2-compliant solution delivers up to 15 watts of power and integrates multiple Arm® Cortex® processors for enhanced functionality.
The iND87204 aims to meet the growing demand for in-vehicle wireless charging, with the global market estimated at $1.9 billion in 2024 and projected to reach $13.6 billion by 2034, representing a 21.9% CAGR. The SoC offers significant bill of materials savings and simplifies implementation, potentially reducing the footprint and external components by up to 50% compared to existing solutions.
indie Semiconductor (Nasdaq: INDI), an Automotive solutions provider, has announced its executive management's participation in several upcoming investor events. These include:
- Benchmark Fireside Chat Management Discussion Series (Virtual) on August 26, 2024
- Deutsche Bank 2024 Technology Conference at Waldorf Astoria, Dana Point, CA on August 28, 2024
- KeyBank Non-Deal Roadshow in New York, NY on September 3, 2024
- Benchmark TMT Conference at New York Athletic Club, NY on September 4, 2024
The company notes that its participation, attendees, and schedule are subject to change. These events provide opportunities for investors to gain insights into indie Semiconductor's operations and strategy.
indie Semiconductor (INDI) reported Q2 2024 results with revenue of $52.4 million, flat year-over-year but within the outlook range. Non-GAAP gross margin was 50.3%. The company guides Q3 2024 revenue up 2.5% sequentially at the midpoint. GAAP operating loss improved to $36.6 million from $40.7 million a year ago, while non-GAAP operating loss slightly increased to $17.2 million.
CEO Donald McClymont stated that indie has navigated the cyclical trough in the automotive market and anticipates revenue growth in H2 2024. The company secured key design wins and achieved milestones in radar and vision programs, positioning for resumed growth in 2025 and beyond.
indie Semiconductor (Nasdaq: INDI), an Autotech solutions innovator, has announced the schedule for its second quarter 2024 earnings release and conference call. The earnings report will be issued on August 8, 2024, after market close, followed by a conference call at 5:00 p.m. Eastern time the same day. The call will discuss the company's quarterly results and future business outlook. Investors and analysts can access the call via the Financials tab on indie's Investors page or by dialing in through provided domestic and international numbers. A replay will be available from 9:00 p.m. Eastern on August 8 until 11:59 p.m. Eastern on August 22, 2024.
indie Semiconductor (Nasdaq: INDI) has appointed Mark Tyndall as Executive Vice President of Corporate Development and Investor Relations. Tyndall brings extensive experience from his roles at Dialog Semiconductor, MIPS Technologies, and Infineon Technologies. He played a significant role in Dialog's $6 billion sale to Renesas Electronics in 2022. indie Semiconductor's CEO, Donald McClymont, highlighted the company's tenfold revenue growth since its IPO and emphasized the value Tyndall's experience will bring to their growth strategy. Tyndall will oversee M&A activities, strategic partnerships, and financial community relations.
indie Semiconductor has unveiled the iND880xx product line, a new family of vision processors designed for Advanced Driver Assistance Systems (ADAS) and driver viewing applications. These processors support simultaneous human viewing and ADAS sensing in one system-on-chip (SoC) platform. Notable features include superior low-light and high dynamic range sensing, and the ability to process inputs from four sensors at once. The iND880xx supports high dynamic range (HDR) processing up to 144dB and various sensor color filter arrays. This product line aims to meet stringent safety standards, including those set by the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA). The iND880xx family is currently sampling with select customers and is expected to enter serial production in 2025.
indie Semiconductor (Nasdaq: INDI), an Autotech solutions innovator, has announced the issuance of equity awards to new employees under its 2023 Inducement Incentive Plan. The Inducement Grants were approved by the Compensation Committee of the Board of Directors. Detailed information about these equity awards can be found on the company's investor relations website.
indie Semiconductor (Nasdaq: INDI), a pioneer in Autotech solutions, will participate in three upcoming investor conferences. The first event is the B Riley Securities 24th Annual Institutional Conference on May 22, 2024, at The Beverly Hilton Hotel in Beverly Hills, CA. The second is the Benchmark Non-Deal Roadshow on May 23, 2024, in Los Angeles, CA. Finally, the company will attend the Craig-Hallum 21st Annual Institutional Investor Conference on May 29, 2024, at the Depot Renaissance Hotel in Minneapolis, MN.
indie Semiconductor, Inc. reported strong Q1 2024 results with a 29% YoY revenue growth to $52.4M and a Non-GAAP gross margin of 50.3%. Despite an operating loss increase on a GAAP basis, the company is optimistic about future growth, driven by ADAS and user experience solutions. Key highlights include partnerships with major automotive companies and the launch of new innovative products. The Q2 2024 revenue is expected to be flat to up 5% sequentially with a gross margin expansion to 51-52%. indie aims for sustained growth in the second half of 2024 and beyond.
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