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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Total revenue $ 52,108 $ 25,755 $ 92,560 $ 47,754
Operating expenses:        
Cost of goods sold 32,127 15,178 56,183 29,370
Research and development 42,069 28,467 78,632 57,966
Selling, general, and administrative 18,637 12,085 35,451 24,727
Total operating expenses 92,833 55,730 170,266 112,063
Loss from operations (40,725) (29,975) (77,706) (64,309)
Other income (expense), net:        
Interest income 1,870 175 4,289 208
Interest expense (2,144) (267) (4,292) (325)
Gain (loss) from change in fair value of warrants 25,046 20,301 (22,286) 67,654
Gain from change in fair value of contingent considerations and acquisition-related holdbacks 2,303 3,584 673 3,667
Other income (expense) 429 9 429 (21)
Total other income (expense), net 27,504 23,802 (21,187) 71,183
Net income (loss) before income taxes (13,221) (6,173) (98,893) 6,874
Income tax benefit (expense) (342) 869 3,364 1,528
Net income (loss) (13,563) (5,304) (95,529) 8,402
Less: Net income (loss) attributable to noncontrolling interest (436) (1,070) (9,656) 1,803
Net income (loss) attributable to indie Semiconductor, Inc. (13,127) (4,234) (85,873) 6,599
Net income (loss) attributable to common shares — basic (13,127) (4,234) (85,873) 6,599
Net income (loss) attributable to common shares — diluted $ (13,127) $ (4,234) $ (85,873) $ 6,599
Net income (loss) per share attributable to common shares - basic (in dollars per share) $ (0.09) $ (0.04) $ (0.63) $ 0.06
Net income (loss) per share attributable to common shares - diluted (in dollars per share) $ (0.09) $ (0.04) $ (0.63) $ 0.04
Weighted average common shares outstanding - basic (in shares) 141,973,731 116,983,265 136,760,936 114,102,308
Weighted average common shares outstanding - diluted (in shares) 141,973,731 116,983,265 136,760,936 150,740,655
Product revenue        
Revenue:        
Total revenue $ 45,455 $ 20,452 $ 79,108 $ 38,538
Contract revenue        
Revenue:        
Total revenue $ 6,653 $ 5,303 $ 13,452 $ 9,216