indie Semiconductor: Star Performer In The Semiconductor Industry

Summary

  • indie Semiconductor has been the fastest-growing semiconductor company out of 224 others over the past two years.
  • The company is expected to reach non-GAAP EBITDA breakeven in 4Q23, making it the only semiconductor company that IPO-ed in 2021 to achieve this.
  • The strategic backlog grew from $4.3 billion in 2022 to $6.3 billion in 2023, demonstrating strength and momentum in the business even amidst a difficult macro.
  • The recent wins suggest that business momentum continues to be strong and further validates indie Semiconductor's product portfolio and technology.
  • The company continues to innovate and launch new products into the market to improve its competitive advantage and improve cross-selling within its customer base.

SweetBunFactory

indie Semiconductor (NASDAQ:INDI) had a very remarkable quarter in 3Q23.

I am genuinely impressed by what the company has achieved as a small-cap company even as the overall macro backdrop has been weak and the overall automotive industry

Results surpassed expectations

Revenue growth (indie Semiconductor)

Margin profile (indie Semiconductor)

Solid guidance

Huge backlog grows even larger

How does this backlog relate to actual revenue generation?

Recent wins

New products and technology

Valuation

Conclusion

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet