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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Total revenue $ 53,965,000 $ 60,476,000 $ 158,673,000 $ 153,036,000
Operating expenses:        
Cost of goods sold 32,730,000 35,187,000 93,060,000 91,370,000
Research and development 45,968,000 41,594,000 136,858,000 120,226,000
Selling, general, and administrative 20,848,000 19,841,000 60,617,000 55,292,000
Restructuring costs 4,322,000 0 4,322,000 0
Total operating expenses 103,868,000 96,622,000 294,857,000 266,888,000
Loss from operations (49,903,000) (36,146,000) (136,184,000) (113,852,000)
Other income (expense), net:        
Interest income 994,000 1,858,000 3,379,000 6,147,000
Interest expense (2,180,000) (2,242,000) (6,420,000) (6,534,000)
Gain (loss) from change in fair value of warrants 0 15,660,000 0 (6,626,000)
Gain (loss) from change in fair value of contingent considerations and acquisition-related holdbacks (4,523,000) 3,535,000 28,167,000 4,208,000
Other income (expense) 702,000 (692,000) (98,000) (263,000)
Total other income (expense), net (5,007,000) 18,119,000 25,028,000 (3,068,000)
Net loss before income taxes (54,910,000) (18,027,000) (111,156,000) (116,920,000)
Income tax benefit (provision) 315,000 (650,000) 1,338,000 2,714,000
Net loss (54,595,000) (18,677,000) (109,818,000) (114,206,000)
Less: Net loss attributable to noncontrolling interest (4,913,000) (1,580,000) (9,797,000) (11,236,000)
Net loss attributable to indie Semiconductor, Inc. (49,682,000) (17,097,000) (100,021,000) (102,970,000)
Net loss attributable to common shares — basic (49,682,000) (17,097,000) (100,021,000) (102,970,000)
Net loss attributable to common shares — diluted $ (49,682,000) $ (17,097,000) $ (100,021,000) $ (102,970,000)
Net loss per share attributable to common shares— basic (in dollars per share) $ (0.28) $ (0.12) $ (0.58) $ (0.73)
Net loss per share attributable to common shares— diluted (in dollars per share) $ (0.28) $ (0.12) $ (0.58) $ (0.73)
Weighted average common shares outstanding - basic (in shares) 179,491,349 146,962,717 171,449,437 140,198,899
Weighted average common shares outstanding - diluted (in shares) 179,491,349 146,962,717 171,449,437 140,198,899
Product revenue        
Revenue:        
Total revenue $ 51,285,000 $ 53,363,000 $ 148,872,000 $ 132,471,000
Contract revenue        
Revenue:        
Total revenue $ 2,680,000 $ 7,113,000 $ 9,801,000 $ 20,565,000