Should You Start Buying This Small Cap Stock-INDI

Acrobull UK Advisory Services Ltd.

October 28

2024

Name	Ticker	Sector/Industry	Market Cap	Risk Factor
indie Semiconductor, Inc.	INDI-NASDAQ	Technology	$624.215 Million	Medium

Indie Semiconductor, Inc. provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications.

Recent Highlights

Indie Semiconductor’s Latest Vision Processor Design-win Momentum Accelerates, Awarded Sensor Innovation of the Year- Indie Semiconductor, an innovator in automotive solutions, has announced that its newest iND880 camera video processor system-on-chip family continues to achieve substantial design-win momentum with global original equipment manufacturers (OEMs) and has been honored with the title of "Auto Sensor Innovation of the Year" by the Auto Tech Breakthrough Awards.

Launched earlier this year, the iND880 SoC family revolutionizes vision-based Advanced Driver Assistance System (ADAS) functionality, establishing new standards in active sensing performance through indie’s proprietary and patented Image Signal Processor (ISP) technology.

Second Quarter 2024 Financial Highlights

Second quarter results for the period ended June 30, 2024. Second quarter 2024 revenue was flat to the prior year period at $52.4 million with Non-GAAP gross margin of 50.3 percent.

On a GAAP basis, second quarter 2024 operating loss was $36.6 million compared to $40.7 million a year ago.

Non-GAAP operating loss for the second quarter of 2024 was $17.2 million, versus $16.3 million during the same period last year.

Second quarter 2024 GAAP loss per share was $0.11, while Non-GAAP loss per share was $0.09.

Stock Observation- The company stock has gone through turbulent times in recent weeks, however due to the sector which is anticipated to grow fast than others, it is expected that it would return to the growth story and cover the loses it has faced. The RSI level for the stock is at 42 which show oversold conditions.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy Rating for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$3.48 USD
Acrobull Recommendation	Buy
Target Price	$4.00 USD
RSI Level	14 Day RSI 42
Total Shares Outstanding	179.37 Million
Shares held by Insiders Risk Factor Stop Loss	2.47% Medium 5%