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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND NONCONTROLLING INTEREST - USD ($)
$ in Thousands
Total
GEO
Silicon Radar
Common Stock Class A
Common Stock Class V
Total Stockholders' Equity Attributable to indie Semiconductor, Inc.
Total Stockholders' Equity Attributable to indie Semiconductor, Inc.
GEO
Total Stockholders' Equity Attributable to indie Semiconductor, Inc.
Silicon Radar
Common Stock
Common Stock Class A
Common Stock
Common Stock Class A
GEO
Common Stock
Common Stock Class A
Silicon Radar
Common Stock
Common Stock Class V
Additional Paid-in Capital
Additional Paid-in Capital
GEO
Additional Paid-in Capital
Silicon Radar
Accumulated Deficit
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Noncontrolling Interest
GEO
Noncontrolling Interest
Silicon Radar
Beginning balance (in shares) at Dec. 31, 2022                 126,824,465     21,381,476                
Beginning balance at Dec. 31, 2022 $ 314,332         $ 312,812     $ 13     $ 2 $ 568,564     $ (243,816) $ (11,951) $ 1,520    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Vesting of equity awards (in shares)                 95,160                      
Issuance per net settlement of equity awards and cash exercise of stock options (in shares)                 836,984                      
Issuance per net settlement of equity awards and cash exercise of stock options 19         (148)             (148)         167    
Issuance per Exchange of Class V to Class A (in shares)                 1,551,531     (1,551,531)                
Issuance per Exchange of Class V to Class A 0         (2,653)             (2,653)         2,653    
Issuance per Exchange of ADK LLC units to Class A (in shares)                 74,817                      
Issuance per Exchange of ADK LLC units to Class A 0                                      
Share-based compensation 8,372         8,372             8,372              
Issuance in connection with At-The-Market equity offering (in shares)                 3,316,198                      
Issuance in connection with At-The-Market equity offering 34,194         34,194             34,194              
Stock issued due to acquisitions (in shares)                   6,868,768 982,445                  
Stock issued due to acquisitions   $ 75,557 $ 9,834       $ 74,177 $ 9,585   $ 1       $ 74,176 $ 9,585       $ 1,380 $ 249
Net loss (81,966)         (72,746)                   (72,746)   (9,220)    
Foreign currency translation adjustment (2,205)         (1,500)                     (1,500) (705)    
Ending balance (in shares) at Mar. 31, 2023                 140,550,368     19,829,945                
Ending balance at Mar. 31, 2023 358,137         362,093     $ 14     $ 2 692,090     (316,562) (13,451) (3,956)    
Beginning balance (in shares) at Dec. 31, 2022                 126,824,465     21,381,476                
Beginning balance at Dec. 31, 2022 314,332         312,812     $ 13     $ 2 568,564     (243,816) (11,951) 1,520    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Stock issued due to acquisitions 20,979                                      
Net loss (95,529)                                      
Ending balance (in shares) at Jun. 30, 2023                 145,237,071     18,994,332                
Ending balance at Jun. 30, 2023 385,199         386,275     $ 14     $ 2 725,461     (329,689) (9,513) (1,076)    
Beginning balance (in shares) at Mar. 31, 2023                 140,550,368     19,829,945                
Beginning balance at Mar. 31, 2023 358,137         362,093     $ 14     $ 2 692,090     (316,562) (13,451) (3,956)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Vesting of equity awards (in shares)                 87,542                      
Issuance per net settlement of equity awards and cash exercise of stock options (in shares)                 1,773,903                      
Issuance per net settlement of equity awards and cash exercise of stock options 6,769         6,187             6,187         582    
Issuance in connection with achievement of certain contingent consideration (in shares)                 73,311                      
Issuance in connection with achievement of certain contingent consideration 608         608             608              
Issuance per Exchange of Class V to Class A (in shares)                 835,613     (835,613)                
Issuance per Exchange of Class V to Class A 0         (1,500)             (1,500)         1,500    
Issuance per Exchange of ADK LLC units to Class A (in shares)                 13,032                      
Issuance per Exchange of ADK LLC units to Class A 0                                      
Share-based compensation 10,272         10,272             10,272              
Issuance in connection with At-The-Market equity offering (in shares)                 1,903,302                      
Issuance in connection with At-The-Market equity offering 17,804         17,804             17,804              
Net loss (13,563)         (13,127)                   (13,127)   (436)    
Foreign currency translation adjustment 5,172         3,938                     3,938 1,234    
Ending balance (in shares) at Jun. 30, 2023                 145,237,071     18,994,332                
Ending balance at Jun. 30, 2023 385,199         386,275     $ 14     $ 2 725,461     (329,689) (9,513) (1,076)    
Beginning balance (in shares) at Dec. 31, 2023       163,193,278 18,694,332       163,193,278     18,694,332                
Beginning balance at Dec. 31, 2023 477,025         446,149     $ 16     $ 2 813,742     (361,441) (6,170) 30,876    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Vesting of equity awards (in shares)                 26,931                      
Issuance per net settlement of equity awards and cash exercise of stock options (in shares)                 2,166,146                      
Issuance per net settlement of equity awards and cash exercise of stock options 677         473             473         204    
Issuance per Exchange of Class V to Class A (in shares)                 100,000     (100,000)                
Issuance per Exchange of Class V to Class A 0                                      
Issuance per Exchange of ADK LLC units to Class A (in shares)                 30,516                      
Issuance per Exchange of ADK LLC units to Class A 0                                      
Share-based compensation 18,608         18,608             18,608              
Issuance per settlement of contingent considerations (in shares)                 62,562                      
Issuance per settlement of contingent considerations 548         500             500         48    
Shares issued for Investment in Expedera (in shares)                 525,000                      
Shares issued for Investment in Expedera 3,385         2,964     $ 1       2,963         421    
Net loss (34,223)         (31,179)                   (31,179)   (3,044)    
Foreign currency translation adjustment (4,549)         (4,638)                     (4,638) 89    
Ending balance (in shares) at Mar. 31, 2024                 166,104,433     18,594,332                
Ending balance at Mar. 31, 2024 461,471         432,877     $ 17     $ 2 836,286     (392,620) (10,808) 28,594    
Beginning balance (in shares) at Dec. 31, 2023       163,193,278 18,694,332       163,193,278     18,694,332                
Beginning balance at Dec. 31, 2023 477,025         446,149     $ 16     $ 2 813,742     (361,441) (6,170) 30,876    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Stock issued due to acquisitions 0                                      
Net loss (55,223)                                      
Ending balance (in shares) at Jun. 30, 2024       176,542,919 18,044,332       176,542,919     18,044,332                
Ending balance at Jun. 30, 2024 502,633         470,710     $ 18     $ 2 896,220     (411,780) (13,750) 31,923    
Beginning balance (in shares) at Mar. 31, 2024                 166,104,433     18,594,332                
Beginning balance at Mar. 31, 2024 461,471         432,877     $ 17     $ 2 836,286     (392,620) (10,808) 28,594    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                        
Vesting of equity awards (in shares)                 26,064                      
Issuance per net settlement of equity awards and cash exercise of stock options (in shares)                 2,317,279                      
Issuance per net settlement of equity awards and cash exercise of stock options 3,118         2,916             2,916         202    
Issuance per Exchange of Class V to Class A (in shares)                 550,000     (550,000)                
Issuance per Exchange of Class V to Class A 0                                      
Share-based compensation 13,293         13,293             13,293              
Issuance in connection with At-The-Market equity offering (in shares)                 345,052                      
Issuance in connection with At-The-Market equity offering 2,318         2,157             2,157         161    
Issuance per settlement of contingent considerations (in shares)                 7,200,091                      
Issuance per settlement of contingent considerations 46,664         41,569     $ 1       41,568         5,095    
Net loss (21,000)         (19,160)                   (19,160)   (1,840)    
Foreign currency translation adjustment (3,231)         (2,942)                     (2,942) (289)    
Ending balance (in shares) at Jun. 30, 2024       176,542,919 18,044,332       176,542,919     18,044,332                
Ending balance at Jun. 30, 2024 $ 502,633         $ 470,710     $ 18     $ 2 $ 896,220     $ (411,780) $ (13,750) $ 31,923