NASDAQ$INDI
indie Semiconductor Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Achieved record Q4 and 2022 results.
indie Semiconductor reported a record fourth-quarter revenue of $33.0 million, up 74% year-over-year, and a non-GAAP gross margin of 52.2%, up 590 basis points year-over-year.
- Q4 Revenue was $33.0M, up 74% Year-over-Year and 10% sequentially.
- Q4 Non-GAAP Gross Margin expanded to 52.2%, up 590 Basis Points Year-over-Year and 180 Basis Points Sequentially.
- 2022 Revenue reached $110.8M, up 129% Year-over-Year.
- Design win pipeline was broadened across ADAS, User Experience and EV Applications.
Headline financials
Revenue & EPS history
indie Semiconductor · Revenue · Quarterly
$33M
Revenue by segment
indie Semiconductor · $60.5M total across 2 segments · Q3 2023
- Product Revenue$53.4M+118.5%88.2%
- Contract Revenue$7.11M+27.2%11.8%
Forward guidance
For Q1 2023, the company plans to scale to a $160 million annualized revenue run-rate, including a stub portion of GEO revenue, with non-GAAP gross margin in the 52 percent range. The company believes that the combination of indie’s top line trajectory, gross margin expansion and operating expense leverage will yield profitability in the back half of this year.
Tailwinds
- Expects accelerating sales growth throughout 2023.
- Plans to scale to a $160 million annualized revenue run-rate in Q1 2023.
- Expects non-GAAP gross margin in the 52 percent range for Q1 2023.
- Believes profitability will be achieved in the back half of 2023.
- Combination of top line trajectory, gross margin expansion and operating expense leverage will contribute to profitability.
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 2022
+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
| Quarter | Report date | Reaction (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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