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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 52,355,000 $ 52,108,000 $ 104,708,000 $ 92,560,000
Operating expenses:        
Cost of goods sold 30,241,000 32,127,000 60,330,000 56,183,000
Research and development 41,301,000 42,069,000 90,890,000 78,632,000
Selling, general, and administrative 17,447,000 18,637,000 39,769,000 35,451,000
Total operating expenses 88,989,000 92,833,000 190,989,000 170,266,000
Loss from operations (36,634,000) (40,725,000) (86,281,000) (77,706,000)
Other income (expense), net:        
Interest income 1,076,000 1,870,000 2,385,000 4,289,000
Interest expense (2,134,000) (2,144,000) (4,240,000) (4,292,000)
Gain (loss) from change in fair value of warrants 0 25,046,000 0 (22,286,000)
Gain from change in fair value of contingent considerations and acquisition-related holdbacks 17,331,000 2,303,000 32,690,000 673,000
Other income (expense) (553,000) 429,000 (800,000) 429,000
Total other income (expense), net 15,720,000 27,504,000 30,035,000 (21,187,000)
Net loss before income taxes (20,914,000) (13,221,000) (56,246,000) (98,893,000)
Income tax benefit (provision) (86,000) (342,000) 1,023,000 3,364,000
Net loss (21,000,000) (13,563,000) (55,223,000) (95,529,000)
Less: Net loss attributable to noncontrolling interest (1,840,000) (436,000) (4,884,000) (9,656,000)
Net loss attributable to indie Semiconductor, Inc. (19,160,000) (13,127,000) (50,339,000) (85,873,000)
Net loss attributable to common shares — basic (19,160,000) (13,127,000) (50,339,000) (85,873,000)
Net loss attributable to common shares — diluted $ (19,160,000) $ (13,127,000) $ (50,339,000) $ (85,873,000)
Net loss per share attributable to common shares— basic (in dollars per share) $ (0.11) $ (0.09) $ (0.30) $ (0.63)
Net loss per share attributable to common shares— diluted (in dollars per share) $ (0.11) $ (0.09) $ (0.30) $ (0.63)
Weighted average common shares outstanding - basic (in shares) 170,164,241 141,973,731 167,384,295 136,760,936
Weighted average common shares outstanding - diluted (in shares) 170,164,241 141,973,731 167,384,295 136,760,936
Product revenue        
Revenue:        
Total revenue $ 49,009,000 $ 45,455,000 $ 97,587,000 $ 79,108,000
Contract revenue        
Revenue:        
Total revenue $ 3,346,000 $ 6,653,000 $ 7,121,000 $ 13,452,000