(1) |
- Retroactively restated to give effect to reverse recapitalization. |
INDIE SEMICONDUCTOR, INC. |
|||||||
PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS |
|||||||
(Amounts in thousands) |
|||||||
(Unaudited) |
|||||||
|
March 31,
|
|
December 31,
|
||||
Assets |
|
|
|
||||
Current assets: |
|
|
|
||||
Cash and cash equivalents |
$ |
192,979 |
|
|
$ |
219,081 |
|
Restricted cash |
|
383 |
|
|
|
383 |
|
Accounts receivable, net |
|
16,064 |
|
|
|
13,842 |
|
Inventory, net |
|
10,835 |
|
|
|
9,080 |
|
Prepaid expenses and other current assets |
|
6,821 |
|
|
|
5,648 |
|
Total current assets |
|
227,082 |
|
|
|
248,034 |
|
Property and equipment, net |
|
12,093 |
|
|
|
11,090 |
|
Intangible assets, net |
|
104,785 |
|
|
|
96,285 |
|
Goodwill |
|
131,147 |
|
|
|
115,206 |
|
Operating lease right-of-use assets |
|
12,553 |
|
|
|
— |
|
| Other assets and deposits |
|
297 |
|
|
|
270 |
|
| Total assets |
$ |
487,957 |
|
|
$ |
470,885 |
|
|
|
|
|
|
||||
| Liabilities and stockholders' equity |
|
|
|
||||
| Accounts payable |
$ |
6,770 |
|
|
$ |
5,441 |
|
| Accrued payroll liabilities |
|
4,700 |
|
|
|
4,021 |
|
| Accrued expenses and other current liabilities |
|
24,718 |
|
|
|
14,622 |
|
| Intangible asset contract liability |
|
5,705 |
|
|
|
5,516 |
|
| Deferred revenue |
|
2,845 |
|
|
|
1,840 |
|
| Current debt obligations |
|
12,262 |
|
|
|
2,275 |
|
| Total current liabilities |
|
57,000 |
|
|
|
33,715 |
|
| Long-term debt, net of current portion |
|
5,306 |
|
|
|
5,618 |
|
| Warrant liability |
|
53,114 |
|
|
|
100,467 |
|
| Intangible asset contract liability, net of current portion |
|
11,306 |
|
|
|
12,452 |
|
| Deferred tax liabilities, non-current |
|
24,907 |
|
|
|
21,164 |
|
| Operating lease liability, non-current |
|
10,527 |
|
|
|
— |
|
| Other long-term liabilities |
|
8,537 |
|
|
|
5,612 |
|
| Total liabilities |
$ |
170,697 |
|
|
$ |
179,028 |
|
| Commitments and contingencies |
|
|
|
||||
| Stockholders' equity |
|
|
|
||||
| Preferred stock |
$ |
— |
|
|
$ |
— |
|
| Class A common stock |
|
11 |
|
|
|
11 |
|
| Class V common stock |
|
3 |
|
|
|
3 |
|
| Additional paid-in capital |
|
523,972 |
|
|
|
514,891 |
|
| Accumulated deficit |
|
(189,583 |
) |
|
|
(200,416 |
) |
| Accumulated other comprehensive loss |
|
(580 |
) |
|
|
(1,443 |
) |
| indie's stockholders' equity |
|
333,823 |
|
|
|
313,046 |
|
| Noncontrolling interest |
|
(16,563 |
) |
|
|
(21,189 |
) |
| Total stockholders' equity |
|
317,260 |
|
|
|
291,857 |
|
| Total liabilities and stockholders' equity |
$ |
487,957 |
|
|
$ |
470,885 |
|
|
|
|
|
|
||||
INDIE SEMICONDUCTOR, INC.
