Last 7 days
1.8%
Last 30 days
24.0%
Last 90 days
-12.2%
Trailing 12 Months
23.1%
Income Statement (Last 12 Months) | ||||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Revenue | 16.7% | 129,250,000 | 110,797,000 | 96,731,000 | 78,872,000 | 62,297,000 |
S&GA Expenses | 8.6% | 52,409,000 | 48,237,000 | 48,772,000 | 49,538,000 | 46,331,000 |
R&D Expenses | 5.8% | 128,261,000 | 121,197,000 | 109,106,000 | 93,920,000 | 78,939,000 |
EBITDA | 47.2% | -71,296,000 | -135,065,000 | -109,617,000 | - | - |
EBITDA Margin | 57.0% | -0.74 | -1.71 | -1.76 | - | - |
Earnings Before Taxes | -183.4% | -152,542,000 | -53,823,000 | -71,851,000 | -135,479,000 | -116,261,000 |
EBT Margin | 56.8% | -0.74 | -1.72 | -1.87 | - | - |
Interest Expenses | 123.5% | 3,782,000 | 1,692,000 | 555,000 | 414,000 | 677,000 |
Net Income | -192.6% | -126,979,000 | -43,400,000 | -63,888,000 | -105,930,000 | -115,262,000 |
Net Income Margin | 52.1% | -0.66 | -1.38 | -1.90 | - | - |
Free Cahsflow | -12.1% | -83,243,000 | -74,287,000 | -73,944,626 | - | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Assets | 31.5% | 794 | 603 | 421 | 446 | 487 |
Current Assets | -22.3% | 290 | 374 | 194 | 199 | 227 |
Cash Equivalents | -35.5% | 207 | 322 | 150 | 164 | 193 |
Inventory | 194.0% | 39.00 | 13.00 | 12.00 | 13.00 | 11.00 |
Net PPE | 33.4% | 21.00 | 16.00 | 13.00 | 12.00 | 12.00 |
Goodwill | 104.4% | 279 | 136 | 142 | 11.00 | 114 |
Liabilities | 50.7% | 435 | 289 | 145 | 135 | 170 |
Current Liabilities | 79.8% | 115 | 64.00 | 55.00 | 51.00 | 57.00 |
. Short Term Borrowings | -5.8% | 2.00 | 2.00 | 1.00 | - | - |
LT Debt, Non Current | 0.2% | 156 | 156 | 4.00 | 5.00 | 5.00 |
Shareholder's Equity | 15.8% | 362 | 313 | 295 | 311 | 317 |
Retained Earnings | -29.8% | -316 | -243 | -231 | -193 | -189 |
Additional Paid-In Capital | 21.7% | 692 | 569 | 545 | 528 | 524 |
Shares Outstanding | 3.0% | 121 | 117 | 111 | - | - |
Minority Interest | -360.3% | -3.96 | 2.00 | -18.98 | -14.25 | -16.56 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
Cashflow From Operations | -22.4% | -93.92 | -76.74 | -77.72 | -70.57 | -62.44 |
Share Based Compensation | -2.4% | 41.00 | 42.00 | 40.00 | 36.00 | 35.00 |
Cashflow From Investing | -567.6% | -108 | -16.27 | -95.09 | -94.02 | -93.43 |
Cashflow From Financing | 11.3% | 214 | 193 | -1.16 | -25.67 | 341 |
Buy Backs | 511.3% | 7.00 | -1.80 | -1.80 | - | - |
90.4%
71.2%
49.0%
Y-axis is the maximum loss one would have experienced if indie Semiconductor was unfortunately bought at previous high price.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-06-01 | PRELUDE CAPITAL MANAGEMENT, LLC | sold off | -100 | -60,719 | - | -% |
2023-05-26 | ProShare Advisors LLC | reduced | -4.28 | 56,040 | 132,582 | -% |
2023-05-23 | ROYCE & ASSOCIATES LP | added | 106 | 1,198,000 | 1,635,250 | 0.02% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -0.6 | 10,045,200 | 22,621,200 | 0.01% |
2023-05-18 | JPMORGAN CHASE & CO | added | 7.06 | 1,386,000 | 2,864,000 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -4.63 | 1,151,000 | 2,737,000 | -% |
2023-05-17 | Westside Investment Management, Inc. | sold off | -100 | -2.00 | - | -% |
2023-05-17 | Advisory Services Network, LLC | unchanged | - | 9,440 | 21,100 | -% |
2023-05-16 | Rockefeller Capital Management L.P. | sold off | -100 | -5,000 | - | -% |
2023-05-16 | CASTLEARK MANAGEMENT LLC | new | - | 3,017,930 | 3,017,930 | 0.15% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Mar 08, 2023 | blackrock inc. | 4.9% | 6,296,545 | SC 13G/A | |
Mar 08, 2023 | blackrock inc. | 4.9% | 6,296,545 | SC 13G/A | |
Feb 14, 2023 | bamco inc /ny/ | 4.04% | 5,054,238 | SC 13G/A | |
Feb 14, 2023 | granahan investment management, llc | 6.01% | 7,290,449 | SC 13G | |
Feb 13, 2023 | soros fund management llc | 7.00% | 8,752,630 | SC 13G/A | |
Feb 07, 2023 | blackrock inc. | 5.1% | 6,408,323 | SC 13G | |
Feb 07, 2023 | bison capital partners iv, l.p. | 0.6% | 810,651 | SC 13G/A | |
Jan 26, 2023 | cezanne investments ltd. | 5.11% | 6,403,343 | SC 13G | |
May 27, 2022 | soros fund management llc | 8.09% | 9,425,000 | SC 13G | |
Feb 14, 2022 | cezanne investments ltd. | 7.4% | 8,023,072 | SC 13G |
Date Filed | Form Type | Document | |
---|---|---|---|
Jun 01, 2023 | 144 | Notice of Insider Sale Intent | |
May 30, 2023 | SD | SD | |
May 19, 2023 | 4 | Insider Trading | |
May 19, 2023 | 8-K | Current Report | |
May 17, 2023 | 144 | Notice of Insider Sale Intent | |
May 17, 2023 | 4 | Insider Trading | |
May 15, 2023 | 10-Q | Quarterly Report | |
May 15, 2023 | 144 | Notice of Insider Sale Intent | |
May 12, 2023 | 4 | Insider Trading | |
May 12, 2023 | 8-K/A | Current Report |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-05-17 | Aoki Ichiro | sold | - | - | -100,000 | president |
2023-05-17 | Aoki Ichiro | sold | -900,000 | 9.00 | -100,000 | president |
2023-05-17 | Aoki Ichiro | acquired | - | - | 100,000 | president |
2023-05-15 | Aoki Ichiro | sold | - | - | -100,000 | president |
2023-05-15 | Aoki Ichiro | sold | -811,000 | 8.11 | -100,000 | president |
2023-05-15 | Aoki Ichiro | acquired | - | - | 100,000 | president |
2023-05-10 | McClymont Donald | acquired | - | - | 50,000 | chief executive officer |
2023-05-10 | McClymont Donald | sold | -404,000 | 8.08 | -50,000 | chief executive officer |
2023-05-10 | McClymont Donald | sold | - | - | -50,000 | chief executive officer |
2023-05-03 | schiller Thomas | sold | -233,700 | 7.79 | -30,000 | cfo and evp of strategy |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | |
---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
Revenue: | ||
Total revenue | $ 40,452 | $ 21,999 |
Operating expenses: | ||
Cost of goods sold | 24,056 | 14,192 |
Research and development | 36,563 | 29,499 |
Selling, general, and administrative | 16,814 | 12,642 |
Total operating expenses | 77,433 | 56,333 |
Loss from operations | (36,981) | (34,334) |
Other income (expense), net: | ||
Interest income | 2,419 | 33 |
Interest expense | (2,148) | (58) |
Gain (loss) from change in fair value of warrants | (47,332) | 47,353 |
Gain (loss) from change in fair value of contingent considerations and acquisition-related holdbacks | (1,630) | 83 |
Other expense | 0 | (30) |
Total other income (expense), net | (48,691) | 47,381 |
Net income (loss) before income taxes | (85,672) | 13,047 |
Income tax benefit | 3,706 | 659 |
Net income (loss) | (81,966) | 13,706 |
Less: Net income (loss) attributable to noncontrolling interest | (9,220) | 2,873 |
Net income (loss) attributable to indie Semiconductor, Inc. | (72,746) | 10,833 |
Net income (loss) attributable to common shares — basic | (72,746) | 10,833 |
Net income (loss) attributable to common shares — diluted | $ (72,746) | $ 10,833 |
Net income (loss) per share attributable to common shares - basic (in dollars per share) | $ (0.55) | $ 0.10 |
Net income (loss) per share attributable to common shares - diluted (in dollars per share) | $ (0.55) | $ 0.07 |
Weighted average common shares outstanding - basic (in shares) | 131,490,221 | 111,189,340 |
Weighted average common shares outstanding - diluted (in shares) | 131,490,221 | 147,396,772 |
Product revenue | ||
Revenue: | ||
Total revenue | $ 33,653 | $ 18,086 |
Contract revenue | ||
Revenue: | ||
Total revenue | $ 6,799 | $ 3,913 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 207,398 | $ 321,629 |
Restricted cash | 0 | 250 |
Accounts receivable, net of allowance for doubtful accounts of $46 for both March 31, 2023 and December 31, 2022 | 24,626 | 26,441 |
Inventory, net | 38,977 | 13,256 |
Prepaid expenses and other current assets | 19,366 | 12,290 |
Total current assets | 290,367 | 373,866 |
Property and equipment, net | 21,112 | 15,829 |
Intangible assets, net | 189,476 | 63,117 |
Goodwill | 278,949 | 136,463 |
Operating lease right-of-use assets | 11,676 | 12,055 |
Other assets and deposits | 1,997 | 2,021 |
Total assets | 793,577 | 603,351 |
Liabilities and stockholders' equity | ||
Accounts payable | 16,925 | 14,186 |
Accrued payroll liabilities | 13,375 | 11,541 |
Accrued expenses and other current liabilities | 70,667 | 13,159 |
Intangible asset contract liability | 9,397 | 9,377 |
Current debt obligations | 4,660 | 15,700 |
Total current liabilities | 115,024 | 63,963 |
Long-term debt, net of current portion | 155,959 | 155,699 |
Warrant liability | 92,730 | 45,398 |
Intangible asset contract liability, net of current portion | 2,088 | 4,177 |
Deferred tax liabilities, non-current | 10,628 | 7,823 |
Operating lease liability, non-current | 9,791 | 10,115 |
Other long-term liabilities | 49,220 | 1,844 |
Total liabilities | 435,440 | 289,019 |
Commitments and contingencies (Note 17) | ||
Stockholders' equity | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; no shares issued or outstanding | 0 | 0 |
Additional paid-in capital | 692,090 | 568,564 |
Accumulated deficit | (316,562) | (243,816) |
Accumulated other comprehensive loss | (13,451) | (11,951) |
indie's stockholders' equity | 362,093 | 312,812 |
Noncontrolling interest | (3,956) | 1,520 |
Total stockholders' equity | 358,137 | 314,332 |
Total liabilities and stockholders' equity | 793,577 | 603,351 |
Convertible debt into Class A common shares | ||
Stockholders' equity | ||
Common stock | 14 | 13 |
Class V | ||
Stockholders' equity | ||
Common stock | $ 2 | $ 2 |