Indie Semiconductor reported fourth-quarter revenue of $58 million, above analysts’ estimates of $57.1 million.
Indie shares rose 5% to $3.59 apiece for a market cap of $695 million in after-hours trading, following a drop of 7.3% at the close.
Adjusted loss per share was 7 cents, in line with analysts’ expectations.
For the current quarter, Indie expects revenue to be between $52 million and $58 million, or $55 million at the midpoint. That compares to $54.1 million in the same period a year earlier.
