Indie Semiconductor of Aliso Viejo reported fourth quarter revenue of $58 million, in line with analysts’ expectations, but predicted “slower than anticipated production ramps” for the current three-month period.
Shares in the automobile tech company slid 2.8% to $3.80 apiece in after-hours trading, while the intraday market cap was $719 million. The fourth-quarter net loss was $35.3 million.
“In Q4, Indie delivered growth despite a challenging market backdrop,”  Donald McClymont, Indie’s co-founder and chief executive officer, said in a statement accompanying the results.
Despite the sector difficulties, the company said “prospects for Indie remain positive throughout 2025.”
For further details see the March 3 print edition.
