indie Semiconductor, Inc. (INDI) Misses Q3 EPS by 4c

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indie Semiconductor Exceeds Q3 2023 Growth Expectations

November 9, 2023 4:30 PM EST

Delivers Q3 Revenue of $60.5M, up 101% YoY and 16% Sequentially Expands Non-GAAP Gross Margin 226 Basis Points YoY to 52.7% Guides Q4 2023 Revenue to $70M-$75M and non-GAAP EBITDA Breakeven Reiterates Plan to More than Double Revenue in 2023 Raises Strategic Backlog to $6.3B, up from $4.3B last year and $2.6B in 2021

ALISO VIEJO, Calif.--(BUSINESS WIRE)-- indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions innovator, today announced Q3 results for the period ended September 30, 2023. Third quarter revenue... More