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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Total revenue $ 223,169 $ 110,797 $ 48,412
Operating expenses:      
Cost of goods sold 133,606 60,491 28,703
Research and development 154,507 121,197 58,117
Selling, general, and administrative 70,479 48,237 36,384
Total operating expenses 358,592 229,925 123,204
Loss from operations (135,423) (119,128) (74,792)
Other income (expense), net:      
Interest income 7,801 2,567 49
Interest expense (8,650) (1,692) (1,239)
Gain from change in fair value of SAFEs 0 0 21,600
Gain (loss) from change in fair value of warrants 7,066 55,069 (26,060)
Loss from change in fair value of earn-out liabilities 0 0 (38,758)
Gain (loss) from change in fair value of contingent considerations and acquisition related holdbacks (2,985) 9,468 (80)
Gain from extinguishment of debt 0 0 304
Other income (expense) (1,175) (107) 42
Total other income (expense), net 2,057 65,305 (44,142)
Net loss before income taxes (133,366) (53,823) (118,934)
Income tax benefit 4,534 1,035 327
Net loss (128,832) (52,788) (118,607)
Less: Net loss attributable to noncontrolling interest (11,207) (9,388) (30,563)
Net loss attributable to indie Semiconductor, Inc. (117,625) (43,400) (88,044)
Net loss attributable to common shares —basic (117,625) (43,400) (88,044)
Net loss attributable to common shares —diluted $ (117,625) $ (43,400) $ (88,044)
Net loss per share attributable to common shares - basic (in dollars per share) $ (0.81) $ (0.37) $ (1.26)
Net loss per share attributable to common shares - diluted (in dollars per share) $ (0.81) $ (0.37) $ (1.26)
Weighted average common shares outstanding - basic (in shares) 145,188,867 118,660,785 70,012,112
Weighted average common shares outstanding - diluted (in shares) 145,188,867 118,660,785 70,012,112
Product revenue      
Revenue:      
Total revenue $ 195,624 $ 89,457 $ 43,796
Contract revenue      
Revenue:      
Total revenue $ 27,545 $ 21,340 $ 4,616