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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Total revenue $ 40,452 $ 21,999
Operating expenses:    
Cost of goods sold 24,056 14,192
Research and development 36,563 29,499
Selling, general, and administrative 16,814 12,642
Total operating expenses 77,433 56,333
Loss from operations (36,981) (34,334)
Other income (expense), net:    
Interest income 2,419 33
Interest expense (2,148) (58)
Gain (loss) from change in fair value of warrants (47,332) 47,353
Gain (loss) from change in fair value of contingent considerations and acquisition-related holdbacks (1,630) 83
Other expense 0 (30)
Total other income (expense), net (48,691) 47,381
Net income (loss) before income taxes (85,672) 13,047
Income tax benefit 3,706 659
Net income (loss) (81,966) 13,706
Less: Net income (loss) attributable to noncontrolling interest (9,220) 2,873
Net income (loss) attributable to indie Semiconductor, Inc. (72,746) 10,833
Net income (loss) attributable to common shares — basic (72,746) 10,833
Net income (loss) attributable to common shares — diluted $ (72,746) $ 10,833
Net income (loss) per share attributable to common shares - basic (in dollars per share) $ (0.55) $ 0.10
Net income (loss) per share attributable to common shares - diluted (in dollars per share) $ (0.55) $ 0.07
Weighted average common shares outstanding - basic (in shares) 131,490,221 111,189,340
Weighted average common shares outstanding - diluted (in shares) 131,490,221 147,396,772
Product revenue    
Revenue:    
Total revenue $ 33,653 $ 18,086
Contract revenue    
Revenue:    
Total revenue $ 6,799 $ 3,913