indie Semiconductor, Inc. (INDI) Misses Q4 EPS by 8c, offers outlook

indie Semiconductor, Inc. (NASDAQ: INDI) reported Q4 EPS of ($0.09), $0.08 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $70.1 million versus the consensus estimate of $72.56 million.
Outlook:
“For the first quarter of 2024, we expect indie’s revenue to be up 38 percent year-over-year but down 20 percent sequentially, reflecting market seasonality and current industry softness,” said Thomas Schiller, indie’s chief financial officer and executive vice president of strategy. “Looking forward, based on our new product pipeline, we anticipate Q1 to be a trough quarter with top line recovery in Q2 and a resumption of outsized sequential growth in Q3 and Q4, yielding a profitability baseline in the second half of this year, ahead of our significant Radar and Vision ramps in 2025.”

For earnings history and earnings-related data on indie Semiconductor, Inc. (INDI) click here.

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) Tops Q2 EPS by 24c
• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance