Net Income (Loss) per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Basic and Diluted Net Income (Loss) Per Common Unit

Basic and diluted net loss per common share was calculated as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator:
Net loss	$	(108,161)	$	(22,156)	$	(84,812)	$	(34,528)
Less: Net loss attributable to noncontrolling interest	(28,512)		(197)		(22,127)		(590)
Net loss attributable to indie Semiconductor, Inc.	$	(79,649)	$	(21,959)	$	(62,685)	$	(33,938)


Net loss attributable to common shareholders - dilutive	$	(79,649)	$	(21,959)	$	(62,685)	$	(33,938)

Denominator:
Weighted average shares outstanding - basic	96,368,379		31,349,643		58,791,245		31,153,933





Weighted average common shares outstanding—diluted	96,368,379		31,349,643		58,791,245		31,153,933

Net loss per share attributable to common shares— basic	$	(0.83)	$	(0.70)	$	(1.07)	$	(1.09)
Net loss per share attributable to common shares— diluted	$	(0.83)	$	(0.70)	$	(1.07)	$	(1.09)

Schedule of Antidilutive Units Excluded from Computation of Net Loss Per Unit

The Company excluded the following potential shares, presented based on

amounts outstanding at each period end, from the computation of diluted net loss per share attributable to shareholders for the periods indicated because including them would have had an antidilutive effect:


	Three Months Ended September 30,		Nine Months Ended September 30,
	2021	2020	2021	2020
SAFEs	—	4,711,711	7,651,982	4,711,711
Unvested Class B units	—	3,710,500	1,817,375	3,710,500
Unvested Phantom units	1,727,730	—	1,727,730	—
Unvested Restricted stock units	3,437,188	—	3,437,188	—
Convertible preferred units	—	35,935,292	—	35,935,292
Warrants to purchase Class G units	—	267,939	—	267,939
Convertible debt into Class A and preferred units	—	285,000	—	285,000
Convertible Class V common shares	33,827,371	—	33,827,371	—
Public warrants for the purchase of Class A common shares	17,250,000	—	17,250,000	—
Private warrants for the purchase of Class A common shares	10,150,000	—	10,150,000	—
Earn-out Shares	10,000,000	—	10,000,000	—
Escrow Shares	3,450,000	—	3,450,000	—
	79,842,289	44,910,442	89,311,646	44,910,442