Reports Q4 revenue $33.0M, consensus $32.9M. "indie capped off another solid growth year with record revenue and non-GAAP gross margin performance in the fourth quarter driven by increasing global demand for our highly innovative Autotech portfolio," said Donald McClymont, indie’s co-founder and CEO. "In fact, for the second consecutive year we more than doubled our top line on an annual basis, reflecting the strength of our Tier 1 and automotive OEM relationships underpinned by crisp operational execution. Entering 2023, we are ramping new programs and gaining design win momentum across ADAS, user experience and electrification applications. Our significant R&D investments coupled with targeted acquisitions are positioning indie to once again materially outpace our peers in 2023 and to capitalize on the $30 billion Autotech market opportunity."
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on INDI:
- indie Semiconductor options imply 9.4% move in share price post-earnings
- Indie Semiconductor upgraded to Buy from Neutral at B. Riley
- Indie Semiconductor to acquire GEO Semiconductor
- indie Semiconductor announces strategic partnership with Seeing Machines
- Indie launches automotive controller for exterior lighting applications