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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Total revenue $ 30,016 $ 12,157 $ 77,770 $ 29,451
Operating expenses:        
Cost of goods sold 14,970 6,930 44,340 17,097
Research and development 30,229 15,043 88,195 37,206
Selling, general, and administrative 10,676 11,442 35,403 23,015
Total operating expenses 55,875 33,415 167,938 77,318
Loss from operations (25,859) (21,258) (90,168) (47,867)
Other income (expense), net:        
Interest income 612 16 820 36
Interest expense (166) (25) (491) (1,175)
Gain from change in fair value of SAFEs 0 0 0 21,600
Gain (loss) from change in fair value of warrants (19,059) (40,401) 48,595 (29,085)
Loss from change in fair value of earn-out liabilities 0 (45,496) 0 (27,557)
Gain (loss) from change in fair value of contingent considerations (121) (20) 3,546 (120)
Gain from extinguishment of debt 0 0 0 304
Other income (expense) 24 (1,013) 3 (914)
Total other income (expense), net (18,710) (86,939) 52,473 (36,911)
Net loss before income taxes (44,569) (108,197) (37,695) (84,778)
Income tax benefit (expense) (863) 36 665 (34)
Net loss (45,432) (108,161) (37,030) (84,812)
Less: Net loss attributable to noncontrolling interest (7,825) (28,512) (6,022) (22,127)
Net loss attributable to indie Semiconductor, Inc. (37,607) (79,649) (31,008) (62,685)
Net loss attributable to common shares — basic (37,607) (79,649) (31,008) (62,685)
Net loss attributable to common shares — diluted $ (37,607) $ (79,649) $ (31,008) $ (62,685)
Net loss per share attributable to common shares - basic (in dollars per share) $ (0.31) $ (0.83) $ (0.27) $ (1.07)
Net loss per share attributable to common shares - diluted (in dollars per share) $ (0.31) $ (0.83) $ (0.27) $ (1.07)
Weighted average common shares outstanding - basic (in shares) 120,507,152 96,368,379 116,272,459 58,791,245
Weighted average common shares outstanding - diluted (in shares) 120,507,152 96,368,379 116,272,459 58,791,245
Product revenue        
Revenue:        
Total revenue $ 24,425 $ 11,099 $ 62,963 $ 27,470
Contract revenue        
Revenue:        
Total revenue $ 5,591 $ 1,058 $ 14,807 $ 1,981