indie Semiconductor Provides Preliminary Revenue Outlook and Sets Date for Third Quarter 2023 Earnings Release
16 Octubre 2023 - 7:30AM
Business Wire
- Expects Q3 2023 Revenue to be Above $60M and
Slightly Higher than Guidance
- Schedules Q3 Earnings Release and Conference
Call for November 9, 2023
indie Semiconductor, Inc. (Nasdaq: INDI), an Autotech solutions
innovator, today announced that in connection with the Company’s
warrant exchange offer and consent solicitation, preliminary
estimated revenue for the three months ended September 30, 2023 is
expected to be above $60 million and slightly better than the
Company’s guidance and consensus estimates.
In addition, the Company has scheduled a conference call with
analysts to discuss third quarter 2023 financial results and
indie’s business outlook on November 9, 2023 at 5:00 p.m. Eastern
Time. After the close of the market on November 9 and prior to the
conference call, indie plans to issue a copy of the earnings press
release via Business Wire. The press release may also be viewed on
indie’s website at https://investors.indiesemi.com/news.
To listen to the conference call via the Internet, please go to
the Financials tab on the Investors page of indie’s website. To
listen to the conference call via telephone, please call
(877)-451-6152 (domestic) or (201)-389-0879 (international).
A replay of the conference call will be available beginning at
9:00 p.m. Eastern time on November 9, 2023, until 11:59 p.m.
Eastern time on November 23, 2023, under the Financials tab on the
Investors page of indie’s website, or by calling (844)-512-2921
(domestic) or (412)-317-6671 (international), Access ID:
13742118.
About indie
indie is empowering the Autotech revolution with next generation
automotive semiconductors and software platforms. We focus on
developing innovative, high-performance and energy-efficient
technology for ADAS, user experience and electrification
applications. Our mixed-signal SoCs enable edge sensors spanning
Radar, LiDAR, Ultrasound, and Computer Vision, while our embedded
system control, power management and interfacing solutions
transform the in-cabin experience and accelerate increasingly
automated and electrified vehicles. We are an approved vendor to
Tier 1 partners and our solutions can be found in marquee
automotive OEMs worldwide. Headquartered in Aliso Viejo, CA, indie
has design centers and regional support offices across the United
States, Canada, Argentina, Scotland, England, Germany, Hungary,
Morocco, Israel, Japan, South Korea, Switzerland and China.
Please visit us at www.indiesemi.com to learn more.
Safe Harbor Statement
This communication contains “forward-looking statements”
(including within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended). Such statements can be
identified by words such as “will likely result,” “preliminary,”
“expect,” “anticipate,” “estimate,” “believe,” “intend,” “plan,”
“project,” “outlook,” “should,” “could,” “may” or words of similar
meaning and the negatives of those terms. The preliminary estimated
revenue for the quarter ended September 30, 2023 included in this
press release is based upon the most current information available
to management. Our actual results when disclosed in our Quarterly
Report on Form 10-Q may differ from this preliminary estimate due
to the completion of our closing procedures. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance, or achievements
to be materially different from any future results, performance, or
achievements expressed or implied by the forward-looking
statements. A detailed discussion of these and other risks and
uncertainties that could cause actual results and events to differ
materially from such forward-looking statements is included in our
Annual Report on Form 10-K for the fiscal year ended December 31,
2022 filed with the SEC on March 28, 2023 and in our other public
filings with the SEC (including those identified under “Risk
Factors” therein). All forward-looking statements in this press
release are expressly qualified in their entirety by the foregoing
cautionary statements.
Our presentation of preliminary estimated revenue for the
quarter ended September 30, 2023 reflects management’s estimates
based solely upon information available to it as of the date of
this release and is not a comprehensive statement of our financial
results. We have provided only a rough revenue estimate because our
financial closing procedures for the quarter ended September 30,
2023 are not yet complete and, as a result, our final results upon
completion of its closing procedures may vary, perhaps
significantly, from the preliminary estimates.
Investors are cautioned not to place undue reliance on the
forward-looking statements in this press release, which information
set forth herein speaks only as of the date hereof. We do not
undertake, and we expressly disclaim, any intention or obligation
to update any forward-looking statements made in this announcement
or in our other public filings, whether as a result of new
information, future events or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231016997619/en/
Media Inquiries media@indiesemi.com
Investor Relations ir@indiesemi.com
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