Revenue Growth and Market Share Gains
Indie Semiconductor achieved total revenue of $58 million in Q4 2024, marking a 7.5% sequential growth, which demonstrates outperformance versus the industry and market share gains.
Vision Processor and Radar Program Success
The iND880 Vision Processor was selected by a large Korean OEM for a new e-vehicle platform, and major design wins with General Motors, Toyota, and Ford continue to progress. The 77 GHz Radar program remains on track for a production launch with multiple OEMs.
Strong Cash Position
Indie Semiconductor raised $218.5 million through convertible notes, increasing total cash to $284.5 million, which strengthens the company's ability to capitalize on acquisitions and supports corporate purposes.
Operational Efficiency Improvements
The company achieved a $2 million reduction in quarterly non-GAAP operating expenses through an OpEx review aimed at driving operational efficiencies.