indie Semiconductor Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St.11-09

indie Semiconductor (NASDAQ:INDI) Third Quarter 2024 Results Key Financial Results Revenue: US$54.0m (down 11% from 3Q 2023). Net loss: US$49.7m (loss widened by 191% from 3Q 2023). US$0.28 loss per ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  missed analyst estimates by 44%.Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.The company's shares are up 57% from a week ago.We don't want to rain on the parade too much, but we did also find 2 warning signs for indie Semiconductor (1 makes us a bit uncomfortable!) that you need to be mindful of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"INDI":"Indie Semiconductor Inc."},"translate_title":"独立半导体2024年第三季度收益：每股收益未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"INDI":0.9},"content_text":"indie Semiconductor (NASDAQ:INDI) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$54.0m (down 11% from 3Q 2023).\nNet loss: US$49.7m (loss widened by 191% from 3Q 2023).\nUS$0.28 loss per share (further deteriorated from US$0.12 loss in 3Q 2023).\n\n\n\n\n  NasdaqCM:INDI Earnings and Revenue Growth November 9th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nindie Semiconductor EPS Misses Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 44%. \n Looking ahead, revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US. \nPerformance of the American Semiconductor industry.\n The company's shares are up 57% from a week ago. \nRisk Analysis\n We don't want to rain on the parade too much, but we did also find 2 warning signs for indie Semiconductor (1 makes us a bit uncomfortable!) that you need to be mindful of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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