Indie Semiconductor, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
February 23, 2024 at 03:05 am IST
Share
indie Semiconductor, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 70.13 million compared to USD 33.03 million a year ago. Net loss was USD 14.11 million compared to USD 12.39 million a year ago.
Basic loss per share from continuing operations was USD 0.09 compared to USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.1 a year ago.
indie Semiconductor, Inc. offers automotive semiconductors and software solutions for advanced driver assistance systems (ADAS), driver automation, in-cabin, user experience (including connected car) and electrification applications. The Company is focused on edge sensors across multiple modalities spanning light detection and ranging (LiDAR), radar, ultrasound and computer vision. It is an approved vendor to Tier 1 automotive suppliers and its platforms can be found in marquee automotive manufacturers around the world. It has design centers in Austin, Texas; Boston, Massachusetts; Detroit, Michigan; San Francisco and San Jose, California; Cordoba, Argentina; Budapest, Hungary; Dresden, Frankfurt an der Oder, Munich and Nuremberg, Germany; Edinburgh, Scotland; Schlieren, Switzerland; Rabat, Morocco; Haifa, Israel; Quebec City and Toronto, Canada; Seoul, South Korea; Tokyo, Japan, and several locations throughout China. The Company is engaged subcontractors to manufacture its products.