NASDAQ$INDI

indie Semiconductor Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

indie Semiconductor exceeded expectations in Q4 2021.

indie Semiconductor reported record fourth quarter revenue of $19 million, up 56% sequentially and 185% year-over-year. Non-GAAP gross margin expanded to 46.3%. The company anticipates continued growth and margin expansion in Q1 2022.

  • Delivered 56% Sequential and 185% Year-over-Year Revenue Growth to a Record $19M
  • Posted Non-GAAP Gross Margin of 46.3%, Up 330 Basis Points Sequentially and 1,090 Basis Points Year-over-Year
  • Guides Q1 2022 Revenue to be Up 160 to 170% Year-over-Year with Further Non-GAAP Gross Margin Expansion
  • Awarded a vehicle security system program at a European Tier 1 supplier

Headline financials

Total Revenue

$19M

Previous: $6.65M+185.0%
EPS (adj)

-$0.09

Previous: -$2.03+95.6%
Capital Expenditures

$1.01M

Previous: $12K+8350.0%
Free Cash Flow

-$19.9M

Previous: -$6.7M-197.2%
Net Income

-$24.9M

Previous: -$63.6M+60.8%
Operating Income

-$26.2M

Previous: -$6.92M-279.3%
Gross Profit

$7.04M

Previous: $2.35M+199.0%
Cash & Equivalents

$219M

Previous: $18.7M+1071.7%
Total Assets

$469M

Previous: $35.1M+1235.9%
Stock-Based Comp

$8.72M

No prior period

Revenue & EPS history

indie Semiconductor · Revenue · Quarterly

$19M

Q4 2021+185%vs Q4 2020
Beat estimate in 4 of 10 quarters(40%)
ActualEstimate

Revenue by segment

indie Semiconductor · $60.5M total across 2 segments · Q3 2023

  • Product Revenue
    $53.4M+118.5%
  • Contract Revenue
    $7.11M+27.2%

Forward guidance

For the first quarter, indie anticipates revenue to be up 160 to 170 percent year-over-year and in the range of $21 to $22 million with non-GAAP gross margin of approximately 47 percent.

Tailwinds

  • plan to substantially outpace our addressable markets and drive further gross margin expansion
  • revenue to be up 160 to 170 percent year-over-year
  • revenue in the range of $21 to $22 million
  • non-GAAP gross margin of approximately 47 percent
  • putting indie on pace for another record quarter and a strong start to 2022

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+5.9%

Avg return

Earnings day

+5.8%

Avg return

5 days after

+6.6%

Avg return

30 days after

58%

14 / 24 earnings

Positive

+57.0%

Q3 2024

Best reaction

-16.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%+0.2%-10.4%
Q4 2025+5.8%+5.0%-25.4%
Q3 2025+0.9%-8.4%-0.9%
Q1 2025+1.5%+2.3%+31.1%
Q3 2024+57.0%+36.1%+22.9%
Q2 2024-5.2%-12.9%-24.7%
Q1 2024-1.0%+3.3%+27.7%
Q4 2023-16.0%-11.9%-12.2%
Q3 2023+11.5%+29.4%+53.2%
Q2 2023-8.2%-11.0%-20.0%
Q1 2023+4.8%+6.9%+26.3%
Q4 2022+4.1%+2.7%+6.2%
Q3 2022+23.5%+16.8%-5.5%
Q2 2022+5.5%+5.5%+11.7%
Q1 2021+26.9%+24.8%+28.0%
Q1 2022+30.2%+32.6%+29.6%
Q4 2021-6.2%-1.5%-3.9%
Q3 2020+15.6%+16.5%-11.8%
Q3 2021+6.0%+22.5%-6.5%
Q2 2020-3.6%-5.8%+17.9%
Q4 2020-3.6%-5.8%+17.9%
Q2 2021-4.2%-7.9%+5.9%
Q1 2020+0.6%-0.1%+0.8%
Q4 2019-0.1%-0.1%+0.4%

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