Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-40481 __________________________ ...

Indie Semiconductor, Inc. (INDI) came out with a quarterly loss of $0.09 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.11 per share a year ago. These figures are adjusted for nonrecurring items. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.10, delivering a surprise of -25%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. indie Semiconductor, which ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $52.4 million, flat compared to Q1 and at the lower end of the previous outlook [5][20] - Non-GAAP gross profit was $26.3 million, resulting in a gross margin of 50.3%, slightly below plan due to an unfavorable product mix [20] - Non-GAAP operating loss was $17.2 million, with a net loss of $18 million, translating to a net loss per share of $0.09 [20] - Cash usage during the quarter was $19.7 million from operating activities and $3.7 million in capital expenditures, ending with $122.6 million in total cash [20] Business Line Data and Key Metrics Changes - In the ADAS sector, indie Semiconductor differentiates itself by offering all four key ADAS sensors: radar, vision, LiDAR, and ultrasound, enabling scalable processing architectures [8] - The flagship 77 gigahertz radar program achieved full functional verification, with testing in live automotive applications ongoing [9] - The iND880 computer vision solution has been sampled to key customers with positive feedback and selected for high-volume production programs [12] Market Data and Key Metrics Changes - The automotive market is projected to produce approximately 88 million units in 2024, down from over 90 million in 2023, impacting semiconductor content [6] - The automotive semiconductor industry is expected to see flat to low single-digit negative growth in 2024 [7] - Regulatory changes, such as the U.S. mandate for Automatic Emergency Braking by 2029 and the EU's Intelligent Speed Assist requirement, are expected to drive demand for indie's products [10][14] Company Strategy and Development Direction - The company is focused on innovation and securing design wins with major global OEMs, positioning itself to capitalize on automotive megatrends [18] - Despite current market headwinds, indie anticipates a return to an industry-leading growth trajectory in 2025 and beyond [21] - The strategy includes expanding product offerings in ADAS, user experience, and electrification [22] Management's Comments on Operating Environment and Future Outlook - Management noted that inventory situations are improving, allowing for more flexibility in the second half of the year [23] - There are expectations for modest revenue growth in Q3 2024, outpacing the automotive industry [21] - Management remains confident in the execution of programs despite some delays due to macroeconomic conditions [29] Other Important Information - The company has shipped a cumulative total of 400 million chips, reflecting its product differentiation and innovation [17] - The shift towards ASSP (Application Specific Standard Products) is expected to continue, with a decrease in NRE (Non-Recurring Engineering) contract revenue as a percentage of total revenue [43] Q&A Session Summary Question: Overall auto demand environment in the second half - Management indicated that the inventory situation is significantly improving and expects more flexibility going forward [23] Question: Timing for revenue contribution from radar programs - Management stated that the radar program will take time to ramp through key customers but is confident about the situation [25] Question: Certainty of company-specific ramps - Management confirmed that there are no lost programs and that delays are organic, not due to conscious decisions [29] Question: Gross margin trajectory - Management noted that there is no material pricing impact and that they are back to just-in-time inventory practices [30] Question: Updates on radar programs with Bosch and Ficosa - Management confirmed that these programs are on track and will ramp next year [33] Question: Impact of de-contenting trend - Management does not foresee a significant impact from de-contenting in 2025, as forecasts remain reasonably fixed [39] Question: Mix between product revenue and contract revenue - Management acknowledged a decrease in NRE contract revenue as a percentage of total revenue, expecting this trend to continue [42]

Exhibit 99.1 indie Semiconductor Reports Second Quarter 2024 Results • Q2 2024 Revenue of $52.4 million within Outlook range with Non-GAAP Gross Margin of 50.3% • Guides Q3 2024 Revenue up 2.5% sequentially at the midpoint • Radar and Vision programs at Key Customers remain firmly on track for 2025 Revenue ramp • Continued design win success across the portfolio at Global Automotive OEM's ALISO VIEJO, Calif. – August 8, 2024 – indie Semiconductor, Inc. (Nasdaq: INDI), an Automotive solutions provider, today ...

Warren Buffett continued to sell BYD amid tariffs on Chinese EVs in major markets. There has been lots of consternation in the electric vehicle industry these days, as generating demand beyond early EV adopters has been a challenge -- especially in the current interest rate environment. As evidence, Germany's Federal Motor Transport Authority also reported today that the number of newly registered electric vehicles has fallen by 16% this year, with electric vehicle market share falling from 14.3% in the Jan ...

PM Images While indie Semiconductor, Inc. (NASDAQ:INDI) has gotten a boost off the lows from takeover speculation, the stock is still far below the SPAC price from years ago. The automotive semiconductor has a massive opportunity ahead for the cheap stock price and for the company to cash out now. My investment thesis remains ultraBullish on the stock with the opportunity ahead. Source: Finviz Market Headwinds indie Semi. reported a weak quarter at the start of May. The automotive market is facing some shor ...

A major financial publication leaked that the high-growth chip company was exploring options, including a sale. While Indie is still a rather small company, with just $235 million in trailing-12-month revenue and a $1.25 billion market cap, it has actually assembled a rather broad array of automotive technologies, spanning lidar, radar, and computer vision for autonomous applications, as well as wireless charging inside the cabin and plug- in fast charging technologies for EVs. Indie has developed these tec ...

indie Semiconductor, Inc. (NASDAQ:INDI) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Ashish Gupta - Investor Relations Don McClymont - Co-Founder and Chief Executive Officer Tom Schiller - Chief Financial Officer and Executive Vice President, Strategy Conference Call Participants Suji Desilva - Roth MKM Ross Seymore - Deutsche Bank Anthony Stoss - Craig-Hallum Cody Acree - Benchmark Jonathan Tanwanteng - CJS Securities Operator Good afternoon and welcome to indie Semiconducto ...

Indie Semiconductor, Inc. (INDI) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced a loss of $0.01, delivering no surprise.Over the last four quarters, the company has not been ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 32 Journey Aliso Viejo, California 92656 (Address of Principal Executive Offices) (Zip Code) (949) 608-0854 Re ...