Price drop after Q2 earnings release had to with the following (as per their earnings call):
“there were two significant pushouts, which were really to do with the customer's programs per se, nothing that was within our control, their own engineering execution. And I would say it's important to note that no business has been lost here. It's just being pushed out by a few quarters in order to allow these guys to complete whatever they need to do on the engineering side”.
They guided for a slow growth Q3, again due to the customer pushbacks, but a rather robust and profitable Q4…we will see.
They also had some design wins with Bosch which they implied could be the biggest in the company’s history so far.
There is still potential here but the wait continues…
I think the Company (INDI) is close to offering all holders of the public warrants the opportunity to receive X number of ordinary Shares of INDI stock in exchange for each outstanding public warrant that they hold. Probably something like .25 shares for every warrant held.
Like your thinking. Causing a 20% haircut opened up some buying opportunities for investors.
I'm still in bro, thanks.. want that $20 print lol
Wow goooo indi . I sold but damn glad it going up congrats longs …
okay... didn't look that deeply into it.
VLN is another but missed on ER
The first combination fell apart, it's in the acev news
Yes, this is new.
You sure about that? This was posted today:
Tempo Automation, Inc. and ACE Convergence Acquisition Corp. Announce Filing of Registration Statement on Form S-4 in connection with their Proposed Business Combination
Yep , we saw the writing on the wall long ago
Nvts … hahaha damn spell check
Shocked that this isn't higher after those earnings.
Grabbed some calls .. for feb 18 th ..
you would assume breakeven is in the next 2-3 quarterlies, right?
Next quarter will have 50% sequential growth…that puts Q4 to have 12.2 x 1.5 = 18.2m in revenue. They said q4 will only include a partial quarter of TeraXion, otherwise it would be a bigger quarter. They also said they are approaching a $75 million annual revenue run rate and see maintaining the steep growth trajectory it’s been on. That means they should top the 91M revenue projection for 2022.
Q4 18.2M guidance
47.7 total for 2021
Initial revenue SPAC projections were:
2021 - $44M
2022 - $91M
2023 - $203M
Yep, now can we moon? Lol