Indie Semiconductor (INDI)

[night_trader]

Warrants conversion news is out. Take a look if you have any.

[night_trader]

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…

[MrPoppaGeorgeo]

Nice

[night_trader]

2 upgrades today: Deutsche Bank raises price target to $15 from $10. B. Riley raises price target to $14. They had just set it to $13 last week from $10.

[MrPoppaGeorgeo]

Looking good again

[night_trader]

B. Riley Securities Upgrades Indie Semiconductor to Buy, Raises Price Target to $13

[night_trader]

Big acquisition today. Read all about it in the news section/tab.

[night_trader]

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.

[pandb5298]

Like your thinking. Causing a 20% haircut opened up some buying opportunities for investors.

[night_trader]

This Convertible Senior Notes offering killed the stock today. I’m speculating they’ll use most of the proceeds for an acquisition which then may cause the stock to rebound (depending on the target company).

[night_trader]

Another great quarter (Q3). CEO predicting profitability in second half of next year. Nice bounce in price today.

[MrPoppaGeorgeo]

Nice

[night_trader]

Q2/2022 results are out…looks like another great quarter.

[MrPoppaGeorgeo]

Next run about to start...

[pandb5298]

Was looking to catch a falling knife with a neat double down at $9.86. Been adding since sub $11. Looking for a nice bounce very soon.

[night_trader]

I think the lock up period expires today. It’s 6 months since the merger closed.

[night_trader]

Strong comeback this week.

[MrPoppaGeorgeo]

I'm still in bro, thanks.. want that $20 print lol

[MADDSTACKER]

Wow goooo indi . I sold but damn glad it going up congrats longs …

[MADDSTACKER]

Ok ..

[MrPoppaGeorgeo]

Don't touch that Ltry imo I looked a little deeper into it unless you are flipping

[MADDSTACKER]

Ok thanks .

[MrPoppaGeorgeo]

Keep ltry on watch also bro

[MADDSTACKER]

On watch ….

[pcjockey]

okay... didn't look that deeply into it.

[MrPoppaGeorgeo]

VLN is another but missed on ER

[MrPoppaGeorgeo]

The first combination fell apart, it's in the acev news

[MrPoppaGeorgeo]

Yes, this is new.

[pcjockey]

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

https://www.globenewswire.com/news-release/2021/11/16/2335885/0/en/Tempo-Automation-Inc-and-ACE-Convergence-Acquisition-Corp-Announce-Filing-of-Registration-Statement-on-Form-S-4-in-connection-with-their-Proposed-Business-Combination.html

[MrPoppaGeorgeo]

Didn't that spac deal fall apart?

[MADDSTACKER]

Acev ?

[MrPoppaGeorgeo]

Vroom

[Scandle34]

warrants moving almost 50 cents on the dollar now so not too late to sell shares and buy warrants... 3:1 increase in ownership and 1:2 price change ratio is 3:2 better ROI... just saying.

[irondog]

This was recommended on FBN last Friday afternoon

[MrPoppaGeorgeo]

Yep , we saw the writing on the wall long ago

[MADDSTACKER]

Nvts … hahaha damn spell check

[MADDSTACKER]

Nuts at $20 makes us look cheap ..imho

[MADDSTACKER]

Looking great :)

[MrPoppaGeorgeo]

Moving

[MrPoppaGeorgeo]

Shocked that this isn't higher after those earnings.

[MADDSTACKER]

Grabbed some calls .. for feb 18 th ..

[night_trader]

Price targets increased today at Riley ($22) and Deutsche Bank ($16).

[Scandle34]

you would assume breakeven is in the next 2-3 quarterlies, right?

[night_trader]

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.

2021 revenue:
Q1 $8.1M
Q2 $9.2M
Q3 12.2M
Q4 18.2M guidance
47.7 total for 2021

Initial revenue SPAC projections were:
2021 - $44M
2022 - $91M
2023 - $203M

[MADDSTACKER]

Nice

[MrPoppaGeorgeo]

Yep, now can we moon? Lol

[night_trader]

Very good Q3 earnings and guidance. Check the news tab for the earnings release.

[MrPoppaGeorgeo]

Going...

[night_trader]

Indie Semiconductor Enters Definitive Agreement to Acquire Analog Devices’ Symeo Radar Division

Check news tab from more…gl

[MrPoppaGeorgeo]

She wants to go