Indie Semiconductor Plunges 10.98% on Earnings Miss

Generated by AI AgentAinvest Movers Radar
Tuesday, May 13, 2025 7:37 am ET1min read

On May 13, 2025,

experienced a significant drop of 10.98% in pre-market trading, reflecting a notable decline in investor sentiment.

Indie Semiconductor reported a quarterly loss of $0.08 per share, which was in line with analyst estimates. This loss, while slightly improved from the previous quarter's $0.10 per share, indicates ongoing financial challenges for the company.

The company's revenue also fell short of expectations, delivering a revenue surprise of 1.67%. This underperformance in revenue, coupled with the quarterly loss, has contributed to the stock's recent decline.

Indie Semiconductor's adjusted net loss for the quarter was $1.7 million, or $0.05 per share, with an adjusted gross margin of 20.0%. These financial metrics suggest that the company is still in the process of stabilizing its operations and achieving profitability.

Overall, the combination of financial underperformance and market underperformance has led to a significant drop in indie Semiconductor's stock price, highlighting the challenges the company faces in the competitive semiconductor industry.

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