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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Total revenue $ 25,755 $ 9,180 $ 47,754 $ 17,294
Operating expenses:        
Cost of goods sold 15,178 5,319 29,370 10,167
Research and development 28,467 13,486 57,966 22,163
Selling, general, and administrative 12,085 8,878 24,727 11,573
Total operating expenses 55,730 27,683 112,063 43,903
Loss from operations (29,975) (18,503) (64,309) (26,609)
Other income (expense), net:        
Interest income 175 13 208 20
Interest expense (267) (530) (325) (1,150)
Gain (loss) from change in fair value of SAFEs 0 2,500 0 21,600
Gain (loss) from change in fair value of warrants 20,301 11,316 67,654 11,316
Gain (loss) from change in fair value of earn-out liabilities 0 17,939 0 17,939
Gain (loss) from change in fair value of contingent considerations 3,584 (100) 3,667 (100)
Gain (loss) from extinguishment of debt 0 304 0 304
Other income (expense) 9 106 (21) 99
Total other income, net 23,802 31,548 71,183 50,028
Net income (loss) before income taxes (6,173) 13,045 6,874 23,419
Income tax benefit (expense) 869 (57) 1,528 (70)
Net income (loss) (5,304) 12,988 8,402 23,349
Less: Net income (loss) attributable to noncontrolling interest (1,070) 6,839 1,803 6,385
Net income (loss) attributable to indie Semiconductor, Inc. (4,234) 6,149 6,599 16,964
Net income (loss) attributable to common shares — basic (4,234) 6,149 6,599 16,964
Net income (loss) attributable to common shares — diluted $ (4,234) $ 3,649 $ 6,599 $ (4,636)
Net income (loss) per share attributable to common shares - basic (in dollars per share) $ (0.04) $ 0.13 $ 0.06 $ 0.43
Net income (loss) per share attributable to common shares - diluted (in dollars per share) $ (0.04) $ 0.06 $ 0.04 $ (0.10)
Weighted average common shares outstanding - basic (in shares) 116,983,265 47,058,489 114,102,308 39,712,251
Weighted average common shares outstanding - diluted (in shares) 116,983,265 63,647,057 150,740,655 46,236,226
Product revenue        
Revenue:        
Total revenue $ 20,452 $ 8,888 $ 38,538 $ 16,371
Contract revenue        
Revenue:        
Total revenue $ 5,303 $ 292 $ 9,216 $ 923