indie Semiconductor, Inc. (NASDAQ:INDI) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET

Company Participants

Ashish Gupta - Investor Relations

Donald McClymont - Co-Founder and Chief Executive Officer

Tom Schiller - CFO and EVP of Strategy

Conference Call Participants

Suji DeSilva - Roth Capital Partners

Cody Acree - Benchmark

Craig Ellis - B. Riley Securities

Ross Seymore - Deutsche Bank

Anthony Stoss - Craig-Hallum

Operator

Good afternoon and welcome to indie Semiconductor's Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference call is being recorded.

I will now turn the call over to Ashish Gupta, Investor Relations. Mr. Gupta, please go ahead.

Ashish Gupta

Thank you, operator. Good afternoon and welcome to indie Semiconductor's second quarter 2023 earnings call. Joining me today are Don McClymont, indie's Co-Founder and CEO; and Tom Schiller, indie's CFO and EVP of Strategy.

Don will provide opening remarks and discuss business highlights followed by Tom's review of indie's Q2 results and Q3 outlook. Please note that we will be making forward-looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. These statements reflect our views only as of today and should not be relied upon as representative of our views as of any subsequent date. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations. For material risks and other important factors that could affect our financial results, please review our risk factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as well as other public reports filed with the SEC.

Finally, the results and guidance discussed today are based on non-GAAP financial measures. For a complete reconciliation to GAAP, please see our Q2 earnings press release, which was issued in advance of this call and can be found on our website at www.indisemi.com.

I'll now turn the call over to Donald.

Donald McClymont

Thanks Ashish, and welcome everybody. I am delighted to report that indie once again exceeded our top line and gross margin guidance and delivered another quarter of record performance, a testament to both increasing demand for our innovative Autotech solutions and our unwavering commitment to achieving operational excellence.

Our demonstrable outperformance against automotive industry peers continues to be fuelled by indie's deep product portfolio and design win pipeline, backed by over 400 patents and applications worldwide, with engagements across virtually all leading global vehicle OEMs and Tier 1s.