indie Semiconductor, Inc. (NASDAQ:INDI) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET

Company Participants

Ashish Gupta - Investor Relations
Don McClymont - Co-Founder and Chief Executive Officer
Raja Bal - Acting Chief Financial Officer, and Chief Accounting Officer
Mark Tyndall - Head of Corporate Development and Investor Relations

Conference Call Participants

Suji Desilva - Roth Capital Partners
Ross Seymore - Deutsche Bank
Anthony Stoss - Craig-Hallum
Craig Ellis - B. Riley
Jon Tanwanteng - CJS Securities
Cody Acree - Benchmark

Operator

Good afternoon and welcome to indie Semiconductor's Second Quarter 2024 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 2024 Earnings Call. Joining me today are Don McClymont, indie's Co-Founder and CEO; Raja Bal, indie's Acting CFO and Chief Accounting Officer; and Mark Tyndall, Head of Corporate Development and Investor Relations. As a reminder, our CFO, Tom Schiller, is currently recuperating well on medical leave of absence. Don will provide opening remarks and discuss business highlights, followed by Raja'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 about 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, 2023, as well as other public reports filed with the SEC.

Finally, the results and guidance discussed today are based on consolidated non-GAAP financial measures such as non-GAAP gross margin, non-GAAP operating income loss, non-GAAP net income loss, and non-GAAP EBITDA. These metrics may exclude from its corresponding GAAP measures certain of the following items: depreciation and amortization, share-based compensation, acquisition-related expenses, gain or loss from change in fair values, non-cash interest expense and income tax benefits or expenses. For a complete reconciliation to GAAP and the definition for the above items, please see our Q2 earnings press release, which was issued in advance of this call, and can be found on our Web site at www.indiesemi.com.