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indie Semiconductor (INDI)
NASDAQ:INDI
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.07Last Year’s EPS
-$0.01Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 19.53%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook for indie Semiconductor, with significant revenue achievements, strategic backlog growth, and key design wins in core sectors. Despite the operating loss and higher cash usage, the company demonstrated resilience and strong positioning for future growth.Company Guidance
During the third quarter of 2024, indie Semiconductor reported a total revenue of $54 million, surpassing the midpoint of their guidance despite challenging global macroeconomic conditions. The company's strategic backlog increased by over 12% to $7.1 billion, indicating strong future revenue potential. For the fourth quarter, indie projects revenue between $56 million and $60 million, translating to more than 7% sequential growth, with expected gross margins remaining roughly flat. Operating expenses for Q4 are anticipated to be $43.5 million, including $33.5 million for R&D and $10 million for SG&A. The company aims to achieve a net loss per share of $0.07 on 206 million shares outstanding. indie's design win momentum is driven by significant contributions from their ADAS products, particularly vision and radar, accounting for 72% of their strategic backlog.Revenue Achievement
Indie Semiconductor achieved total revenue of $54 million, coming in above the midpoint of guidance, with a sequential growth of 3.1%.
Strategic Backlog Growth
The strategic backlog increased to $7.1 billion, up over 12% from $6.3 billion last year.
ADAS and In-Cabin Wins
Significant design wins in ADAS and in-cabin user experience sectors, with ADAS comprising over 72% of the strategic backlog.
Recognition for Innovation
The iNDI880 processor family was awarded Sensor Innovation of the Year by the AutoTech Breakthrough Awards.
Fourth Quarter Outlook
Projected revenue growth of 7% sequentially for Q4, with expectations to reach $56 million to $60 million.
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INDI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INDI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $3.43 | $5.48 | +59.77% |
| Aug 08, 2024 | $4.83 | $4.42 | -8.49% |
| May 09, 2024 | $5.79 | $5.76 | -0.52% |
| Feb 22, 2024 | $6.89 | $5.93 | -13.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does indie Semiconductor (INDI) report earnings?
indie Semiconductor (INDI) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is indie Semiconductor (INDI) earnings time?
indie Semiconductor (INDI) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INDI EPS forecast?
INDI EPS forecast for the fiscal quarter 2024 (Q4) is -$0.07.
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