indie Semiconductor Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Small Cap Growth
Company profile

indie Semiconductor, Inc., is a provider of automotive semiconductors and software solutions. It offers its solutions to advanced driver assistance systems (ADAS), autonomous vehicles, in-cabin, user experience and electrification applications. It focuses on edge sensors across multiple modalities spanning light detection and ranging, radar, ultrasound and computer vision. It is an approved vendor to Tier 1 automotive supplier, and its platforms can be found in marquee automotive manufacturers around the world. The Company has design centers and sales offices in Austin, Texas; Boston, Massachusetts; Detroit, Michigan; San Francisco and San Jose, California; Cordoba, Argentina; Budapest, Hungary; Dresden, Frankfurt an der Oder, Munich and Nuremberg, Germany; Cambridge, England; Edinburgh, Scotland; Rabat, Morocco and several locations throughout China. It supports customers from its design and application centers located in North and South America, the Middle East, Asia and Europe.

Closing Price
Day's Change
0.47 (7.56%)
B/A Size
Day's High
Day's Low

10-day average volume:

EVgo stock surges and revenue grows nearly 4-fold to beat expectations

7:14 am ET March 30, 2023 (MarketWatch)

Shares of EVgo Inc. (EVGO) surged 3.5% in premarket trading Thursday, after the electric-vehicle charging infrastructure company reported fourth-quarter revenue that soared nearly 4-fold to beat expectations, while losses narrowed sharply. The net loss for the quarter to Dec. 31 was $4.4 million, or 6 cents a share, after a loss of $12.0 million, or 18 cents a share, in the year-ago period. The FactSet consensus for per-share losses was 16 cents. Revenue grew 282.4% to $27.3 million, beating the FactSet consensus of $19.9 million. "In 2022 EVgo achieved record revenue reflecting the continued growth of EVgo's ultra-fast DC charging network, blue-ribbon partnerships, and industry-leading technology offerings," said Chief Executive Officer Cathy Zoi. For 2023, the company expects revenue of $105 million to $150 million, surrounding the FactSet consensus of $144.1 million. The stock has charged up 28.6% year to date through Wednesday, while the S&P 500 has tacked on 4.9%.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

March 30, 2023 07:14 ET (11:14 GMT)

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