Welcome to our dedicated page for INDIE SEMICONDUCTOR news (Ticker: INDI), a resource for investors and traders seeking the latest updates and insights on INDIE SEMICONDUCTOR stock.
indie Semiconductor, Inc. (NASDAQ: INDI) is frequently in the news as an automotive solutions innovator focused on semiconductors, photonics and software platforms for ADAS, in-cabin user experience and electrification. This news page aggregates company announcements, earnings releases and transaction updates so investors and observers can see how indie’s strategy and operations are evolving over time.
Readers can expect regular coverage of quarterly financial results, where indie reports GAAP and non-GAAP metrics, discusses trends in revenue and gross margin, and comments on its progress toward profitability. These releases often include details about strategic backlog, design-win momentum across ADAS and adjacent industrial markets, and updates on radar, vision and photonics product portfolios.
The feed also highlights corporate developments such as definitive agreements to acquire perception software providers, plans to divest certain equity interests, capital structure actions involving convertible notes or at-the-market equity programs, and leadership changes including executive appointments. In addition, product-focused news covers photonics launches like ultra-low noise lasers and visible DFB laser diodes aimed at quantum technologies, automotive LiDAR and industrial sensing.
For those tracking the intersection of automotive electronics, sensing and quantum-related applications, indie’s news provides insight into how mixed-signal SoCs, radar and vision solutions, and photonics components are being adopted by Tier 1 partners, automotive OEMs and industrial customers. Bookmark this page to follow ongoing earnings reports, transaction disclosures and technology announcements related to INDI.
indie Semiconductor (NASDAQ: INDI) will hold a conference call on February 16, 2023 at 5:00 p.m. Eastern time to discuss its fourth quarter 2022 results and business outlook. The earnings press release will be issued after the market closes on the same day and available on indie's website. Investors can listen to the call online or via telephone. A replay will be accessible from 9:00 p.m. Eastern time on February 16 until 11:59 p.m. Eastern time on March 2, 2023. indie focuses on automotive semiconductors and software platforms, vital for electric and autonomous vehicles, with partnerships among major automotive manufacturers globally.
indie Semiconductor (Nasdaq: INDI) has partnered with Seeing Machines to enhance driver and occupant monitoring systems. This collaboration aims to leverage indie's sensing technology with Seeing Machines' Occula® Neural Processing Unit, providing superior vision performance and facilitating compliance with safety standards. The partnership is essential in addressing the serious issue of distracted driving, which accounts for numerous fatalities annually. The combined technology promises lower power consumption, reduced latency, and compact design, ultimately contributing to safer vehicles and easier regulatory compliance.
indie Semiconductor (Nasdaq: INDI) has launched its first system-on-chip (SoC), the iND83080, designed for external automotive lighting. This integrated LED matrix controller enhances pixel-level control for adaptive driving beam (ADB) and dynamic turn signal applications, reducing component requirements and costs. It is currently being sampled to customers, with high-volume production expected to ramp up in Q2 2023. The SoC is aimed at improving vehicle safety and user experience, reflecting a significant expansion of indie's automotive product portfolio.
indie Semiconductor, Inc. (NASDAQ: INDI) has priced an offering of $140 million in 4.500% Convertible Senior Notes due 2027, originally targeted at $125 million, to meet high investor demand. The offering will close on November 21, 2022, with an option for purchasers to buy an additional $20 million. The net proceeds are estimated at $135 million and will be used for share repurchases and general corporate purposes. The notes are convertible into cash or shares at an initial conversion price of $8.65, representing a 30% premium over the last sale price of $6.655.
indie Semiconductor plans to offer $125 million of Convertible Senior Notes due 2027 in a private placement. The offering includes an option for initial purchasers to buy an additional $18.75 million of notes. Concurrently, the Board authorized a $50 million stock repurchase, aiming to utilize up to $25 million from the notes' proceeds. The notes will be unsecured with interest paid semiannually, maturing on November 15, 2027. Proceeds will support stock buybacks and general corporate purposes.
indie Semiconductor reported a record $30.0 million in Q3 2022 revenue, up 147% year-over-year and 17% sequentially. The non-GAAP gross margin improved to 50.4%, reflecting a 740 basis point increase from the previous year. Despite an operating loss of $25.9 million (GAAP) and $15.8 million (non-GAAP), the company anticipates an annualized revenue run-rate of approximately $132 million for Q4 2022. Strategic backlog has grown to $4.3 billion, double from last year, indicating strong demand for their Autotech solutions.
indie Semiconductor (Nasdaq: INDI) announced a conference call on November 10, 2022, at 5:00 p.m. Eastern time to discuss its third quarter 2022 results and future outlook. The earnings press release will be available after market close on the same day. Investors can access the call via the Internet or telephone, with replay options available until November 24, 2022. indie focuses on automotive semiconductors and software, enhancing the Autotech revolution with advanced sensors for electric and autonomous vehicles.
indie Semiconductor (Nasdaq: INDI) has announced participation in key investor conferences, showcasing its position in the Autotech sector. Management, including CEO Donald McClymont and CFO Thomas Schiller, will attend the Jefferies Summit on August 30, 2022, in Chicago, the Deutsche Bank 2022 Technology Conference on September 1, 2022, in Las Vegas, and a KeyBanc Non-Deal Roadshow on September 8, 2022, in New York. Their attendance highlights indie's commitment to advancing automotive semiconductor and software solutions.
indie Semiconductor, Inc. (Nasdaq: INDI) reported second quarter revenue of $25.8 million, a surge of 181% year-over-year and 17% sequentially, exceeding estimates. Non-GAAP gross margin improved to 48.6%, up 650 basis points year-over-year. Despite an operating loss of $30 million on a GAAP basis, the company anticipates Q3 revenue growth of 140-150% year-over-year, aiming for an annualized run-rate of $120 million. The firm highlights strong demand for Autotech solutions and ongoing R&D investments, targeting profitability in the latter half of next year.
indie Semiconductor (Nasdaq: INDI) supports the U.S. Senate's progress on the CHIPS Act, which aims to allocate over $50 billion for semiconductor manufacturing and R&D incentives. The Act includes a 25% tax credit for semiconductor facilities, enabling growth for fabless and integrated device manufacturers. CEO Donald McClymont emphasized the benefits for indie, including enhanced hiring plans and improved supply chain flexibility. The next steps include final Senate approval and a vote in the House of Representatives before submission to President Biden for signing.