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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Total revenue $ 21,999 $ 8,114
Operating expenses:    
Cost of goods sold 14,192 4,848
Research and development 29,499 8,677
Selling, general, and administrative 12,642 2,695
Total operating expenses 56,333 16,220
Loss from operations (34,334) (8,106)
Other income (expense), net:    
Interest income 33 7
Interest expense (58) (620)
(Gain) loss from change in fair value remeasurement of SAFEs 0 19,100
(Gain) loss from change in fair value of warrants 47,353 0
Gain (loss) from change in fair value of earn-out liabilities 83 0
Other expense (30) (7)
Total other income, net 47,381 18,480
Net income before income taxes 13,047 10,374
Income tax benefit (expense) 659 (13)
Net income 13,706 10,361
Less: Net income (loss) attributable to noncontrolling interest 2,873 (454)
Net income attributable to indie Semiconductor, Inc. 10,833 10,815
Net income attributable to common shares — basic 10,833 5,443
Net income (loss) attributable to common shares — diluted $ 10,833 $ (13,657)
Net income per share attributable to common shares - basic (in dollars per share) $ 0.10 $ 0.17
Net income (loss) per share attributable to common shares - diluted (in dollars per share) $ 0.07 $ (0.35)
Weighted average common shares outstanding - basic (in shares) [1] 111,189,340 32,284,863
Weighted average common shares outstanding - diluted (in shares) [1] 147,396,772 39,218,016
Product revenue    
Revenue:    
Total revenue $ 18,086 $ 7,483
Contract revenue    
Revenue:    
Total revenue $ 3,913 $ 631
[1] (1) Retroactively restated to give effect to the reverse recapitalization.