Fubotv earnings beat by $0.10, revenue topped estimates
In a challenging market environment, Thunder Bridge Acquisition II Ltd (INDI) stock has reached a 52-week low, dipping to $3.16. According to InvestingPro data, the company’s financial health score is currently rated as WEAK, with particularly concerning gross profit margins of -38.45%. This latest price level reflects a significant downturn for the company, which has seen its stock value decrease by 47.9% over the past year. While the company maintains strong liquidity with a current ratio of 4.77, five analysts have recently revised their earnings expectations downward. Investors are closely monitoring INDI’s performance as it navigates through the current economic headwinds, with the hope that the company’s strategic initiatives may eventually steer it back towards a path of growth and recovery. For deeper insights into INDI’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Indie Semiconductor Inc reported its fourth-quarter earnings for 2024, meeting analysts’ expectations with an earnings per share (EPS) of -$0.07, while revenue slightly missed projections at $58 million compared to the expected $58.04 million. Despite the revenue shortfall, the company achieved a 7.5% sequential growth in revenue, with a non-GAAP gross profit of $29.2 million, representing a 50.4% gross margin. Indie Semiconductor’s first-quarter 2025 guidance projects revenue between $52.5 million and $57.5 million, with anticipated gross margins of 49-50%. The company continues to face challenges due to uncertainties related to tariffs and a weaker macroeconomic environment, affecting new product launches and market share in Europe. KeyBanc Capital Markets recently lowered its price target for Indie Semiconductor from $8.00 to $7.00, maintaining an Overweight rating, citing the company’s potential to outperform the auto market once current headwinds are overcome. Analyst John Vinh from KeyBanc expressed confidence in the company’s long-term prospects, highlighting significant design wins in areas such as vision, radar, and user experience. Operational efficiency measures have been initiated by Indie Semiconductor, resulting in a $2 million quarterly reduction in expenses.
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