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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Total revenue $ 12,157 $ 7,586 $ 29,451 $ 15,957
Operating expenses:        
Cost of goods sold 6,930 3,664 17,097 8,742
Research and development 15,043 5,823 37,206 15,457
Selling, general, and administrative 11,442 1,265 23,015 4,080
Total operating expenses 33,415 10,752 77,318 28,279
Loss from operations (21,258) (3,166) (47,867) (12,322)
Other income (expense), net:        
Interest income 16 6 36 18
Interest expense (25) (517) (1,175) (1,620)
(Gain) loss from change in fair value remeasurement of SAFEs 0 (18,520) 21,600 (20,735)
Gain (loss) from change in fair value of warrants (40,401) 0 (29,085) 0
Gain (loss) from change in fair value of earn-out liabilities (45,516) 0 (27,677) 0
Gain (loss) from extinguishment of debt 0 0 304 0
Other income (expense) (1,013) 28 (914) 140
Total other expense, net (86,939) (19,003) (36,911) (22,197)
Net loss before income taxes (108,197) (22,169) (84,778) (34,519)
Income tax (benefit) expense (36) (13) 34 9
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 shares —basic (79,649) (21,959) (62,685) (33,938)
Net loss attributable to common shares —diluted $ (79,649) $ (21,959) $ (62,685) $ (33,938)
Net loss per share attributable to common shares - basic (in dollars per unit) $ (0.83) $ (0.70) $ (1.07) $ (1.09)
Net loss per share attributable to common shares - diluted (in dollars per unit) $ (0.83) $ (0.70) $ (1.07) $ (1.09)
Weighted average common shares outstanding - basic (in shares) [1] 96,368,379 31,349,643 58,791,245 31,153,933
Weighted average common shares outstanding - diluted (in shares) [1] 96,368,379 31,349,643 58,791,245 31,153,933
Product revenue        
Revenue:        
Total revenue $ 11,099 $ 5,732 $ 27,470 $ 13,294
Contract revenue        
Revenue:        
Total revenue $ 1,058 $ 1,854 $ 1,981 $ 2,663
[1] (1) Retroactively restated to give effect to the reverse recapitalization.