indie Semiconductor, Inc. (INDI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to Indy Semiconductor's first quarter 2025 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded. I will now turn the call over to Ashish Gupta, Investor Relations. Mr. Gupta, please go ahead, sir. Thank you, operator. Good afternoon. Welcome to Indy Semiconductor's first quarter 2025 earnings call. Joining me today are Dalma Climate, Indy's CEO and acting CFO, and Mark Tindall, head of corporate development and investor relations. Dalma will provide opening remarks and discuss business highlights. Mark will then provide a review of Indy's Q1 results and Q2 outlook. Please note, they'll be making forward-looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. These statements reflect our views only as of today and should not be relied upon as representative about views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations. For material risks and other important factors that could affect our financial results, please review our risk factors in our annual report on Form 10-K for the fiscal year ended December 31, 2024, as well as other public reports filed with the SEC. Finally, the results and guidance discussed today are based on consolidated non-GAAP financial measures, such as non-GAAP gross margin, non-GAAP operating loss, non-GAAP net loss and non-GAAP net loss per share. For a complete reconciliation to GAAP and the definition of non-GAAP reconciling items, please see our earnings press release, which was issued in advance of this call a...