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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Total revenue $ 52,353,000 $ 40,452,000
Operating expenses:    
Cost of goods sold 30,089,000 24,056,000
Research and development 49,589,000 36,563,000
Selling, general, and administrative 22,322,000 16,814,000
Total operating expenses 102,000,000 77,433,000
Loss from operations (49,647,000) (36,981,000)
Other income (expense), net:    
Interest income 1,309,000 2,419,000
Interest expense (2,106,000) (2,148,000)
Loss from change in fair value of warrants 0 (47,332,000)
Gain (loss) from change in fair value of contingent considerations and acquisition-related holdbacks 15,359,000 (1,630,000)
Other expense (247,000) 0
Total other income (expense), net 14,315,000 (48,691,000)
Net loss before income taxes (35,332,000) (85,672,000)
Income tax benefit 1,109,000 3,706,000
Net loss (34,223,000) (81,966,000)
Less: Net loss attributable to noncontrolling interest (3,044,000) (9,220,000)
Net loss attributable to indie Semiconductor, Inc. (31,179,000) (72,746,000)
Net loss attributable to common shares — basic (31,179,000) (72,746,000)
Net loss attributable to common shares — diluted $ (31,179,000) $ (72,746,000)
Net loss per share attributable to common shares— basic (in dollars per share) $ (0.19) $ (0.55)
Net loss per share attributable to common shares— diluted (in dollars per share) $ (0.19) $ (0.55)
Weighted average common shares outstanding - basic (in shares) 164,602,608 131,490,221
Weighted average common shares outstanding - diluted (in shares) 164,602,608 131,490,221
Product revenue    
Revenue:    
Total revenue $ 48,578,000 $ 33,653,000
Contract revenue    
Revenue:    
Total revenue $ 3,775,000 $ 6,799,000