Earnings ·
Reports Q3 revenue of $70.2M, up 31% year-over-year
INDIindie Semiconductor, Inc.
indie Semiconductor reported third-quarter revenue of $70.2 million, a 31 percent increase from the prior year, exceeding the midpoint of its outlook. Core business revenue rose 14 percent sequentially to $40.7 million. The company posted a GAAP operating loss of $39.0 million and a non-GAAP operating loss of $7.2 million, narrowing significantly compared to $11.3 million in the year-ago period. For the fourth quarter, indie guides for revenue between $73 million and $81 million, implying approximately 33 percent year-over-year growth at the midpoint. The firm is a leader in Physical AI and automotive technologies, offering multi-modal sensor portfolios including radar, computer vision, LiDAR, and ultrasonic solutions.