Business
indie Semiconductor Provides Business Update
On Track to Achieve High End of Q1 Revenue Guidance Range; Plans to File 2021 10-K within the SEC Extension Window and Report Quarterly Results in May ALISO
About this update from Indie Semiconductor, Inc.
[{"type":"text","content":"\nOn Track to Achieve High End of Q1 Revenue Guidance Range; Plans to File 2021 10-K within the SEC Extension Window and Report Quarterly Results in May\n\n ALISO VIEJO, Calif.--(BUSINESS WIRE)--\nindie Semiconductor (Nasdaq: INDI), an Autotech solutions innovator, today announced that given stronger than expected orders, the Company plans to deliver first quarter revenue at the high end of the guidance range provided in February and is poised to exceed consensus estimates for both sales and non-GAAP gross margin. indie is also finalizing its 2021 Form 10-K and intends to file within 15 days from the date of this press release via an extension with the SEC. The Company plans to report first quarter financial results and guidance on May 12, 2022.\n\n“2022 is off to a strong start for indie given increasing broad-based demand for our highly innovative automotive semiconductors and software underpinned by a strengthening order pattern. Accordingly, we’re outpacing our first quarter 2022 revenue guidance and are on track to report record results that exceed both sales and gross margin consensus estimates, representing another key step toward our strategic outlook,” said Thomas Schiller, indie’s chief financial officer and EVP of strategy. “In the meantime, we have submitted an extension with the SEC for our 2021 10-K and expect to file as soon as next week. Importantly, we do not expect any material changes to our previously reported operational financial results. Further, we look forward to delivering our first quarter earnings report and outlook on schedule in May.”\n\nindie’s First Quarter 2022 Conference Call\n\nindie Semiconductor will host a conference call with analysts to discuss its first quarter 2022 results and business outlook on May 12 at 5:00 p.m. Eastern time. To listen to the conference call via the Internet, please go to the Financials tab on the Investors page of indie’s website. To listen to the conference call via telephone, please call (877) 451-6152 (domestic) or (201) 389-0879 (international), Conference ID: 13728667\n\nA replay of the conference call will be available beginning at 8:00 p.m. Eastern time on May 12, 2022 until 11:59 p.m. Eastern time on May 26, 2022 under the Financials tab on the Investors page of indie’s website, or by calling (844) 512-2921 (domestic) or (412) 317-6671 (international), Confe...