INDI Earnings Prediction
The chart below shows how INDI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INDI sees a +1.01% change in stock price 10 days leading up to the earnings, and a +2.82% change 10 days following the report. On the earnings day itself, the stock moves by -0.02%. This data can give you a slight idea of what to expect for the next quarter's release.
INDI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
53.97M
-10.77%
3.08%
Gross Margin
39.35%
-5.91%
-6.84%
Operating Margin
-84.43%
43.34%
21.50%
Net Margin
-101.17%
227.62%
152.23%
EPS
-0.28
-133.33%
154.55%
No Data Available
INDI Earnings Analysis
indie Semiconductor, Inc. Class A Common Stock Corporation (INDI.O) Earnings Conference Call
Positive
Q3 Revenue Performance: During the third quarter of 2024, indie's total revenue reached $54 million, slightly above the midpoint of their guidance, reflecting a 3.1% sequential increase.
Gross Profit Performance: Non-GAAP gross profit was $27.2 million, representing a gross margin of 50.4%, which exceeded their outlook and was driven primarily by an improved product mix.
Operating Expenses Overview: R&D expenses were $33.7 million, while SG&A expenses were $10.3 million, bringing total operating expenses to $44 million, consistent with their forecast.
Strategic Backlog Increase: The strategic backlog increased to $7.1 billion, up over 12% from $6.3 billion last year, indicating strong future revenue potential.
Projected Revenue Milestone: Indie expects to achieve annual revenue greater than $700 million in 2028, supported by their growing strategic backlog and product portfolio.
Negative
Revenue Below Expectations: During the third quarter of 2024, indie achieved total revenue of $54 million, which is below the expected midpoint of guidance.
Operating Loss Analysis: The non-GAAP operating loss was $16.8 million, indicating significant financial strain.
Net Loss Reported: Net loss was reported at $17.7 million, translating to a loss per share of $0.09 based on 199.9 million shares outstanding.
Operating Expenses Overview: Total operating expenses reached $44 million, consistent with forecasts but highlighting ongoing cost challenges.
Cash Decrease in Q3: Cash at the end of the third quarter decreased to $107.2 million from $122.6 million in Q2, reflecting a net usage of $15.4 million during the quarter.
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INDI Earning Call Sentiment
indie Semiconductor, Inc. (INDI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
INDI.O
7.07%Positive
The earnings call highlights modest revenue growth, strong gross margins, and a significant strategic backlog increase, suggesting a positive outlook. Despite a net loss, management's optimistic guidance and strategic positioning in the ADAS sector, coupled with resilience in the automotive market, support a positive sentiment. The Q&A reveals confidence in overcoming macro issues and a focus on growth, with no anticipated further ATM usage. Given the small market cap, the stock is likely to react positively, within the 2% to 8% range, over the next two weeks.
