Automobile tech company Indie Semiconductor of Aliso Viejo said third-quarter revenue was $12.2 million, up 60% from the year-ago period and slightly ahead of analyst expectations.
The operating loss for the quarter ended Sept. 30 was $21.3 million versus $3.2 million in the same period of 2020 including transaction costs and stock-based charges.
“Despite continued global supply chain constraints, Indie exceeded third-quarter top and bottom line expectations driven by ramps of our highly innovative automotive solutions,” said Donald McClymont, Indie’s co-founder and chief executive officer.
Shares in Indie jumped 6% to $13.25 apiece in after-hours trading in New York, following the release of the quarterly results.
