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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue:        
Total revenue $ 60,476 $ 30,016 $ 153,036 $ 77,770
Operating expenses:        
Cost of goods sold 35,187 14,970 91,370 44,340
Research and development 41,594 30,229 120,226 88,195
Selling, general, and administrative 19,841 10,676 55,292 35,403
Total operating expenses 96,622 55,875 266,888 167,938
Loss from operations (36,146) (25,859) (113,852) (90,168)
Other income (expense), net:        
Interest income 1,858 612 6,147 820
Interest expense (2,242) (166) (6,534) (491)
Gain (loss) from change in fair value of warrants 15,660 (19,059) (6,626) 48,595
Gain (loss) from change in fair value of contingent considerations and acquisition-related holdbacks 3,535 (121) 4,208 3,546
Other income (expense) (692) 24 (263) 3
Total other income (expense), net 18,119 (18,710) (3,068) 52,473
Net loss before income taxes (18,027) (44,569) (116,920) (37,695)
Income tax benefit (expense) (650) (863) 2,714 665
Net loss (18,677) (45,432) (114,206) (37,030)
Less: Net loss attributable to noncontrolling interest (1,580) (7,825) (11,236) (6,022)
Net loss attributable to indie Semiconductor, Inc. (17,097) (37,607) (102,970) (31,008)
Net loss attributable to common shares — basic (17,097) (37,607) (102,970) (31,008)
Net loss attributable to common shares — diluted $ (17,097) $ (37,607) $ (102,970) $ (31,008)
Net loss per share attributable to common shares— basic (in dollars per share) $ (0.12) $ (0.31) $ (0.73) $ (0.27)
Net loss per share attributable to common shares— diluted (in dollars per share) $ (0.12) $ (0.31) $ (0.73) $ (0.27)
Weighted average common shares outstanding - basic (in shares) 146,962,717 120,507,152 140,198,899 116,272,459
Weighted average common shares outstanding - diluted (in shares) 146,962,717 120,507,152 140,198,899 116,272,459
Product revenue        
Revenue:        
Total revenue $ 53,363 $ 24,425 $ 132,471 $ 62,963
Contract revenue        
Revenue:        
Total revenue $ 7,113 $ 5,591 $ 20,565 $ 14,807