Business
indie Semiconductor Reports First Quarter 2025 Results
Delivers 3% Year-over-year Top Line Growth to $54.1 million with Non-GAAP Gross Margin of 49.5% Continued strong ADAS design-win momentum despite challenging
About this update from Indie Semiconductor, Inc.
[{"type":"text","content":"\n\nDelivers 3% Year-over-year Top Line Growth to $54.1 million with Non-GAAP Gross Margin of 49.5%\n\n\nContinued strong ADAS design-win momentum despite challenging market conditions\n\n\nAnnounces restructuring plan to increase operational efficiencies and accelerate path to profitability\n\n\n ALISO VIEJO, Calif.--(BUSINESS WIRE)--\nindie Semiconductor, Inc. (Nasdaq: INDI), an automotive solutions innovator, today announced first quarter results for the period ended March 31, 2025. Q1 revenue was up 3.3 percent year-over-year to $54.1 million with Non-GAAP gross margin of 49.5 percent. On a GAAP basis, first quarter 2025 operating loss was $38.9 million compared to $49.6 million a year ago. Non-GAAP operating loss for the first quarter of 2025 was $15.1 million, versus $17.2 million during the same period last year. First quarter 2025 GAAP loss per share was $0.18, while Non-GAAP loss per share was $0.08.\n\n“In Q1, indie delivered year-over-year growth despite persisting negative global macro-economic conditions and accelerated market uncertainty due to the dynamic tariff situation,\" said Donald McClymont, indie's co-founder and chief executive officer. “In the context of this challenging market environment, our Q1 results demonstrate an enduring business resilience, with growth through 2025 and beyond underpinned by an innovative product portfolio, strong and growing design-win activity, and multiple anticipated product ramps for our class-leading ADAS solutions.”\n\nBusiness Highlights\n\n\nSecured iND880 vision processor in-cabin monitoring design-win with Valeo for a North American OEM\n\n\nAwarded eMirror design-win for iND880 vision processor for Korean OEM targeting trucks and buses\n\n\nMultiple design-wins in China for GW5 vision processor including Mercedes China for eMirror and BYD for in-cabin monitoring\n\n\nSelected by Bosch for second high-volume in-cabin monitoring application for Toyota\n\n\niND87200 achieved full Qi wireless charging standards certification by three Tier 1 customers\n\n\nHigh-performance laser solutions achieve multiple design-wins for industrial measurement applications\n\n\nSurpassed 500 million cumulative chips shipped since company’s inception\n\n\nOperational Updates\n\nAs an acceleration of the previously communicated review of operational expenditure, we have initiated a series of ...