Indie Semiconductor Co., Ltd. - 2025年季度报告

FORM10-Q xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025ORoTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 INDIE SEMICONDUCTOR, INC. The number of shares outstanding of the registrant’s Class A and Class V common stock as of May7, 2025 was194,892,503(excluding 1,725,000 Class A shares held in escrow) and17,621,247, respectively. INDIE SEMICONDUCTOR, INC.FORM 10-Q FOR THE QUARTER ENDED MARCH31, 2025Table of Contents Part I. Financial Information Item 1.Condensed ConsolidatedFinancial Statementsas of March31, 2025 and December31, 2024 and for thethree months ended March31, 2025 and 2024 (Unaudited)2Condensed Consolidated Balance Sheets2Condensed Consolidated Statements of Operations3Condensed Consolidated Statements of Comprehensive Loss4Condensed Consolidated Statements of Changes in Stockholders’ Equity and Noncontrolling Interest5Condensed Consolidated Statements of Cash Flows7 Part II. Other Information Item 1.Legal Proceedings33Item 1A.Risk Factors33 FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this “Quarterly Report”) contains “forward-looking statements” (within the meaning of Section21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended).Such statements include, but are not limited to, statements regarding the Company’s future business and financial performance andprospects, and other statements identified by words such as “will likely result,” “expect,” “anticipate,” “estimate,” “believe,”“intend,” “plan,” “project,” “outlook,” “should,” “could,” “may” or words of similar meaning. Such forward-looking statementsare based upon the current beliefs and expectations of the Company’s management and are inherently subject to significant business,economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control.Actual results and the timing of events may differ materially from the anticipated results or other expectations expressed in or impliedby such forward-looking statements as a result of various factors, including, among others, the following: macroeconomic conditions,including inflation, rising interest rates and volatility in the credit and financial markets; uncertainty related to the impacts of theimpending tariffs, including on inventory, supply chain, cost of our products and consumer demand; the Company’s reliance oncontract manufacturing and outsourced supply chain and the availability of semiconductors and manufacturing capacity; competitive All information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update anyforward-looking statements made in this report or in its other public filings, whether as a result of new information, future events or References in this Quarterly Report to “indie,” the “Company,” “we,” “us,” and “our” refer to indie Semiconductor, Inc., aDelaware corporation, and its consolidated subsidiaries, or (in the case of references prior to the consummation of the businesscombination (the “Transaction”) with Thunder Bridge Acquisition II, Ltd. (“TB2”) in June 2021) to our predecessor Ay Dee Kay,LLC, a California limited liability company (“ADK LLC”). All references to U.S. dollar amounts are in thousands, other than share INDIE SEMICONDUCTOR, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.Nature of the Business and Basis of Presentation indie Semiconductor, Inc. (“indie”) and its predecessor for accounting purposes, Ay Dee Kay, LLC, a California limited liabilitycompany (“ADK LLC”) and its subsidiaries are collectively referred to herein as the “Company.” The Company offers highlyinnovative automotive semiconductors and software solutions for Advanced Driver Assistance Systems (“ADAS”), autonomousvehicle, connected car, user experience and electrification applications. The Company focuses on edge sensors across multiplemodalities spanning LiDAR, radar, ultrasound and computer vision. These functions represent the core underpinnings of both electricand autonomous vehicles, while the advanced user interfaces are transforming the in-cabin experience to mirror and seamlesslyconnect to the mobile platforms people rely on every day. indie is an approved vendor to Tier 1 automotive suppliers and its platformscan be found in marquee automotive manufacturers around the world. Headquartered in Aliso Viejo, California, indie has design Execution of At-The-Market Agreement On August26, 2022, the Company entered into an At Market Issuance Agreement (“ATM Agreement”) with B. Riley Securities, Inc.,Craig-Hallum Capital Group LLC and Roth Capital Partners, LLC (collectively as “Sales Agents”) relating to shares of its Class Acommon stock, par value $0.0001per share (the “Class A common stock”). In accordance with the terms o