Indie Semiconductor sees Q1 revenue $52.5M-$57.5M, consensus $61.34M

With the backdrop of increased market uncertainty, causing slower than anticipated production ramps for the first quarter of 2025, indie expects revenue between $52.5 and $57.5 million or $55 million at the mid-point, down 5.2% sequentially and an increase of 5.1% year over year, with Non-GAAP gross margin between 49% and 50%. Given indie’s multiple new products ramping throughout 2025, the outlook remains positive.