"Based on the depth of our new product pipeline, we plan to maintain outsized top line growth while further expanding our gross margin over the planning horizon," said Thomas Schiller, indie’s chief financial officer and executive vice president of strategy. "Specifically, for the fourth quarter of 2022, we anticipate sales growth to an approximately $132 million annualized revenue run-rate with non-GAAP gross margin expansion into the 51 percent range. Further, given strong order visibility, our demonstrated scalability and planned operating expense leverage, we are on track to reach profitability in the second half of next year with narrowing losses in the interim, representing key steps toward realizing our 60 percent gross and 30 percent operating margin target model."
Published first on TheFly
