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Indie Semiconductor (NASDAQ:INDI) expects up to 5% sequential growth in Q2FY24 revenue

Tue 06 Aug 24, 05:07 PM | Team Kalkine

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Highlights

Indie Semiconductor, Inc. (NASDAQ:INDI) has a market cap of USD 915.14mn and offers automotive semiconductors and software solutions.

In Q1FY24, the company delivered 29% year-over-year top-line growth to USD 52.4 million. The Non-GAAP gross margin was 50.3%. Further, the company’s total revenue stood at USD 52.35 million during the quarter, representing a surge of 29.42% compared to the previous corresponding period. The revenue increase was primarily driven by increased demand for the company’s products and services.

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