2023 Q4 Form 10-K Financial Statement

#000162828024008027 Filed on February 29, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $70.13M $223.2M $110.8M
YoY Change 112.35% 101.42% 128.86%
Cost Of Revenue $42.24M $133.6M $60.56M
YoY Change 160.46% 120.63% 110.97%
Gross Profit $27.90M $89.56M $50.24M
YoY Change 65.94% 78.27% 154.91%
Gross Profit Margin 39.78% 40.13% 45.35%
Selling, General & Admin $15.10M $70.48M $47.94M
YoY Change 20.47% 47.02% 31.76%
% of Gross Profit 54.13% 78.69% 95.42%
Research & Development $34.28M $154.5M $120.4M
YoY Change 6.35% 28.3% 107.22%
% of Gross Profit 122.88% 172.51% 239.7%
Depreciation & Amortization $5.373M $31.85M $14.81M
YoY Change 47.53% 115.01% 148.23%
% of Gross Profit 19.26% 35.56% 29.48%
Operating Expenses $49.38M $225.0M $168.4M
YoY Change 10.3% 33.63% 78.17%
Operating Profit -$21.49M -$135.4M -$118.1M
YoY Change -23.15% 14.64% 57.94%
Interest Expense -$462.0K $8.650M $875.0K
YoY Change -184.62% 888.57% -29.38%
% of Operating Profit
Other Income/Expense, Net $5.587M $2.057M $57.03M
YoY Change 14.44% -96.39% -229.19%
Pretax Income -$16.45M -$133.4M -$60.23M
YoY Change -27.01% 121.44% -49.36%
Income Tax -$1.820M -$4.534M -$940.0K
% Of Pretax Income
Net Earnings -$14.66M -$117.6M -$49.25M
YoY Change -19.65% 138.85% -44.07%
Net Earnings / Revenue -20.9% -52.71% -44.45%
Basic Earnings Per Share -$0.81 -$0.37
Diluted Earnings Per Share -$0.09 -$0.81 -$0.42
COMMON SHARES
Basic Shares Outstanding 145.2M shares 118.7M shares
Diluted Shares Outstanding 145.2M shares 118.7M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $151.7M $151.7M $321.6M
YoY Change -52.84% -52.84% 46.81%
Cash & Equivalents $151.7M $151.7M $321.6M
Short-Term Investments
Other Short-Term Assets $23.40M $23.40M $12.71M
YoY Change 84.07% 84.07% 110.78%
Inventory $33.14M $33.14M $13.26M
Prepaid Expenses
Receivables $63.60M $63.60M $26.44M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $271.8M $271.8M $374.0M
YoY Change -27.33% -27.33% 50.8%
LONG-TERM ASSETS
Property, Plant & Equipment $26.97M $40.76M $27.86M
YoY Change -3.22% 46.27% 151.24%
Goodwill $295.1M
YoY Change 116.25%
Intangibles $208.1M
YoY Change 229.76%
Long-Term Investments
YoY Change
Other Assets $3.070M $3.070M $2.021M
YoY Change 51.9% 51.9% 648.52%
Total Long-Term Assets $547.1M $547.1M $226.8M
YoY Change 141.16% 141.16% 1.79%
TOTAL ASSETS
Total Short-Term Assets $271.8M $271.8M $374.0M
Total Long-Term Assets $547.1M $547.1M $226.8M
Total Assets $818.9M $818.9M $600.9M
YoY Change 36.28% 36.28% 27.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.41M $18.41M $14.19M
YoY Change 29.74% 29.74% 160.72%
Accrued Expenses $21.41M $25.56M $22.35M
YoY Change -4.2% 14.36% 19.88%
Deferred Revenue $2.473M
YoY Change 42.21%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.106M $4.106M $11.82M
YoY Change -65.27% -65.27% 419.65%
Total Short-Term Liabilities $138.9M $138.9M $59.47M
YoY Change 133.51% 133.51% 76.4%
LONG-TERM LIABILITIES
Long-Term Debt $156.7M $156.7M $159.6M
YoY Change -1.78% -1.78% 2740.46%
Other Long-Term Liabilities $21.70M $32.55M $62.80M
YoY Change -65.45% -48.17% -47.02%
Total Long-Term Liabilities $178.4M $189.3M $222.4M
YoY Change -19.76% -14.88% 79.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $138.9M $138.9M $59.47M
Total Long-Term Liabilities $178.4M $189.3M $222.4M
Total Liabilities $341.9M $372.7M $294.2M
YoY Change 16.21% 26.7% 86.38%
SHAREHOLDERS EQUITY
Retained Earnings -$361.4M
YoY Change 48.24%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $446.1M $446.1M $306.7M
YoY Change
Total Liabilities & Shareholders Equity $818.9M $818.9M $600.9M
YoY Change 36.28% 36.28% 27.61%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income -$14.66M -$117.6M -$49.25M
YoY Change -19.65% 138.85% -44.07%
Depreciation, Depletion And Amortization $5.373M $31.85M $14.81M
YoY Change 47.53% 115.01% 148.23%
Cash From Operating Activities -$16.41M -$104.4M -$76.75M
YoY Change -8.49% 36.02% 37.49%
INVESTING ACTIVITIES
Capital Expenditures $4.172M $12.75M $7.568M
YoY Change 36.34% 68.5% 182.18%
Acquisitions $94.99M $8.705M
YoY Change 991.21% -89.15%
Other Investing Activities -$1.000K -$94.99M -$8.705M
YoY Change 991.21% -89.15%
Cash From Investing Activities -$4.173M -$107.7M -$16.27M
YoY Change 36.37% 562.09% -80.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.372M $43.57M $192.7M
YoY Change -95.07% -77.39% -43.44%
NET CHANGE
Cash From Operating Activities -16.41M -$104.4M -$76.75M
Cash From Investing Activities -4.173M -$107.7M -$16.27M
Cash From Financing Activities 9.372M $43.57M $192.7M
Net Change In Cash -11.21M -$170.2M $102.4M
YoY Change -106.63% -266.19% -48.99%
FREE CASH FLOW
Cash From Operating Activities -$16.41M -$104.4M -$76.75M
Capital Expenditures $4.172M $12.75M $7.568M
Free Cash Flow -$20.58M -$117.1M -$84.31M
YoY Change -1.95% 38.93% 44.12%

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CY2023 indi Stock Issued During Period Value Settlement Of Bonus
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CY2023 indi Shares Issued On Settlement Of Contingent Considerations And Acquisition Related Holdback
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CY2022 indi Financial Instruments Subject To Mandatory Redemption Settlement Terms Impact Of Changes In Fair Value Of Shares On Amount
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CY2021 indi Financial Instruments Subject To Mandatory Redemption Settlement Terms Impact Of Changes In Fair Value Of Shares On Amount
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BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAssets1
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BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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ProceedsFromIssuanceOfCommonStockAtTheMarketOffering
53136000 usd
CY2021 indi Proceeds From Issuance Of Common Stock At The Market Offering
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CY2021 indi Stock Issued Offering Costs At The Market Offering
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12346000 usd
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2270000 usd
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CY2021 us-gaap Proceeds From Stock Options Exercised
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CY2021 us-gaap Interest Paid Net
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CY2022 indi Capital Expenditures Incurred But Not Yet Paid Net Change In Accruals
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CY2021 indi Capital Expenditures Incurred But Not Yet Paid Net Change In Accruals
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CY2022 us-gaap Conversion Of Stock Amount Issued1
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CY2021 us-gaap Conversion Of Stock Amount Issued1
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41278000 usd
CY2023 indi Reverse Capitalization Transaction Noncash Warrant Exchange
ReverseCapitalizationTransactionNoncashWarrantExchange
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CY2022 indi Reverse Capitalization Transaction Noncash Warrant Exchange
ReverseCapitalizationTransactionNoncashWarrantExchange
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CY2021 indi Reverse Capitalization Transaction Noncash Warrant Exchange
ReverseCapitalizationTransactionNoncashWarrantExchange
407000 usd
CY2023 indi Conversion Of Financial Instruments Subject To Mandatory Redemption
ConversionOfFinancialInstrumentsSubjectToMandatoryRedemption
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CY2022 indi Conversion Of Financial Instruments Subject To Mandatory Redemption
ConversionOfFinancialInstrumentsSubjectToMandatoryRedemption
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CY2021 indi Conversion Of Financial Instruments Subject To Mandatory Redemption
ConversionOfFinancialInstrumentsSubjectToMandatoryRedemption
86100000 usd
CY2023 us-gaap Debt Conversion Converted Instrument Amount1
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CY2022 us-gaap Debt Conversion Converted Instrument Amount1
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CY2021 us-gaap Debt Conversion Converted Instrument Amount1
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4119000 usd
CY2023 indi Reverse Capitalization Transaction Noncash Derivative Liability Acquired
ReverseCapitalizationTransactionNoncashDerivativeLiabilityAcquired
0 usd
CY2022 indi Reverse Capitalization Transaction Noncash Derivative Liability Acquired
ReverseCapitalizationTransactionNoncashDerivativeLiabilityAcquired
0 usd
CY2021 indi Reverse Capitalization Transaction Noncash Derivative Liability Acquired
ReverseCapitalizationTransactionNoncashDerivativeLiabilityAcquired
119759000 usd
CY2023 indi Reverse Capitalization Transaction Noncash Warrant And Rights Outstanding Acquired
ReverseCapitalizationTransactionNoncashWarrantAndRightsOutstandingAcquired
0 usd
CY2022 indi Reverse Capitalization Transaction Noncash Warrant And Rights Outstanding Acquired
ReverseCapitalizationTransactionNoncashWarrantAndRightsOutstandingAcquired
0 usd
CY2021 indi Reverse Capitalization Transaction Noncash Warrant And Rights Outstanding Acquired
ReverseCapitalizationTransactionNoncashWarrantAndRightsOutstandingAcquired
74408000 usd
CY2023 indi Intangible Asset Expenditures Incurred But Not Yet Paid
IntangibleAssetExpendituresIncurredButNotYetPaid
0 usd
CY2022 indi Intangible Asset Expenditures Incurred But Not Yet Paid
IntangibleAssetExpendituresIncurredButNotYetPaid
0 usd
CY2021 indi Intangible Asset Expenditures Incurred But Not Yet Paid
IntangibleAssetExpendituresIncurredButNotYetPaid
17820000 usd
CY2023 us-gaap Stock Issued1
StockIssued1
128181000 usd
CY2022 us-gaap Stock Issued1
StockIssued1
0 usd
CY2021 us-gaap Stock Issued1
StockIssued1
82441000 usd
CY2023 indi Fair Value Of Common Stock Issued To Satisfy Contingent Considerations And Acquisition Related Holdbacks
FairValueOfCommonStockIssuedToSatisfyContingentConsiderationsAndAcquisitionRelatedHoldbacks
5159000 usd
CY2022 indi Fair Value Of Common Stock Issued To Satisfy Contingent Considerations And Acquisition Related Holdbacks
FairValueOfCommonStockIssuedToSatisfyContingentConsiderationsAndAcquisitionRelatedHoldbacks
0 usd
CY2021 indi Fair Value Of Common Stock Issued To Satisfy Contingent Considerations And Acquisition Related Holdbacks
FairValueOfCommonStockIssuedToSatisfyContingentConsiderationsAndAcquisitionRelatedHoldbacks
0 usd
CY2023 indi Fair Value Of Common Stock Issuable For Business Combination
FairValueOfCommonStockIssuableForBusinessCombination
23479000 usd
CY2022 indi Fair Value Of Common Stock Issuable For Business Combination
FairValueOfCommonStockIssuableForBusinessCombination
0 usd
CY2021 indi Fair Value Of Common Stock Issuable For Business Combination
FairValueOfCommonStockIssuableForBusinessCombination
0 usd
CY2023 indi Noncash Or Partial Noncash Acquisition Contingent Consideration Accrual
NoncashOrPartialNoncashAcquisitionContingentConsiderationAccrual
81745000 usd
CY2022 indi Noncash Or Partial Noncash Acquisition Contingent Consideration Accrual
NoncashOrPartialNoncashAcquisitionContingentConsiderationAccrual
7836000 usd
CY2021 indi Noncash Or Partial Noncash Acquisition Contingent Consideration Accrual
NoncashOrPartialNoncashAcquisitionContingentConsiderationAccrual
4000000 usd
CY2023 indi Noncash Or Partial Noncash Acquisition Accrual For Purchase Consideration For Business Combination
NoncashOrPartialNoncashAcquisitionAccrualForPurchaseConsiderationForBusinessCombination
800000 usd
CY2022 indi Noncash Or Partial Noncash Acquisition Accrual For Purchase Consideration For Business Combination
NoncashOrPartialNoncashAcquisitionAccrualForPurchaseConsiderationForBusinessCombination
9674000 usd
CY2021 indi Noncash Or Partial Noncash Acquisition Accrual For Purchase Consideration For Business Combination
NoncashOrPartialNoncashAcquisitionAccrualForPurchaseConsiderationForBusinessCombination
7500000 usd
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
70339000 usd
CY2023 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
53136000 usd
CY2021Q2 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
150000000 usd
CY2021Q2 indi Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
27.8
CY2021Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
CY2021Q2 indi Reverse Recapitalization Merger Consideration
ReverseRecapitalizationMergerConsideration
894628000 usd
CY2021Q2 indi Reverse Recapitalization Merger Consideration Enterprise Value
ReverseRecapitalizationMergerConsiderationEnterpriseValue
900000000 usd
CY2021Q2 indi Reverse Recapitalization Merger Consideration Liabilities Incurred
ReverseRecapitalizationMergerConsiderationLiabilitiesIncurred
5372000 usd
CY2023 indi Number Of Members Board Of Directors
NumberOfMembersBoardOfDirectors
9 member
CY2023 indi Number Of Designated Members Board Of Directors
NumberOfDesignatedMembersBoardOfDirectors
7 member
CY2021Q2 indi Proceeds From Reverse Recapitalization
ProceedsFromReverseRecapitalization
399511000 usd
CY2021Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
150000000 usd
CY2021Q2 indi Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
43463000 usd
CY2021Q2 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
15607000 usd
CY2021Q2 indi Reverse Capitalization Transaction Costs Paid
ReverseCapitalizationTransactionCostsPaid
29770000 usd
CY2021Q2 indi Reverse Capitalization Transaction Costs Paid Amount Paid By Counterparty
ReverseCapitalizationTransactionCostsPaidAmountPaidByCounterparty
21848000 usd
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts in the consolidated balance sheet have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of expenses during the reporting period. Actual results could differ materially from those estimates and assumptions.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On an ongoing basis, management evaluates its estimates assumptions, including those related to (i) the collectability of accounts receivable; (ii) write-down for excess and obsolete inventories; (iii) warranty obligations; (iv) the value assigned to and estimated useful lives of long-lived assets; (v) the realization of tax assets and estimates of tax liabilities and tax reserves; (vi) amounts recorded in connection with acquisitions; (vii) recoverability of intangible assets and goodwill; (viii) the recognition and disclosure of fair value of debt instruments and contingent liabilities; (ix) the computation of share-based compensation; (x) accrued expenses; and (xi) the recognition of revenue based on a cost-to-cost measure of progress for certain engineering services contracts. These estimates are based on historical data and experience, as well as various other </span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. The Company engages third-party valuation specialists to assist with estimates related to the valuation of certain financial instruments and assets acquired in connection with acquisitions. Such estimates often require the selection of appropriate valuation methodologies and models, and significant judgment in evaluating ranges of assumptions and financial inputs. Actual results may differ from those estimates under different assumptions or circumstances.</span></div>
indi Stock Issued During Period Shares Held By Non Affiliates
StockIssuedDuringPeriodSharesHeldByNonAffiliates
700000000 shares
CY2023 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:10pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company deposits its cash with large financial institutions. At times, the Company’s cash balances with individual banking institutions will exceed the limits insured by the FDIC, however, the Company has not experienced any losses on such deposits.</span></div><div style="margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company extends credit to its customers based upon an evaluation of the customers’ financial condition and credit history and generally does not require collateral. Credit losses, if any estimated, are provided for in the consolidated financial statements and consistently have been within management’s expectations. See </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 15 — Revenue — Concentrations</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div>
CY2023 us-gaap Goodwill Impairment Loss
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0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Tangible Asset Impairment Charges
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CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2022 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 usd
CY2023 us-gaap Number Of Operating Segments
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1 segment
CY2023 us-gaap Number Of Reportable Segments
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1 segment
CY2022Q4 us-gaap Capitalized Contract Cost Net Current
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0 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net Current
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0 usd
CY2023Q4 us-gaap Capitalized Contract Cost Net
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CY2022Q4 us-gaap Capitalized Contract Cost Net
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
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0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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0 usd
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
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0 usd
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
5781000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-10624000 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-1365000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10344000 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10344000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
7360000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
5718000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
12423000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
6846000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
15896000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2484000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
35679000 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
15048000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2538000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1792000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
33141000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
13256000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
746000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
1563000 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
173000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
41619000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
24948000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14653000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9119000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
26966000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15829000 usd
CY2023 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
5367000 usd
CY2022 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
3168000 usd
CY2021 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
1198000 usd
CY2023Q4 indi Finite Lived Intangible Assets Gross Effect Of Exchange Rate Carrying Value
FiniteLivedIntangibleAssetsGrossEffectOfExchangeRateCarryingValue
-917000 usd
CY2023Q4 indi Finite Lived Intangible Assets Accumulated Amortization Effect Of Exchange Rate On Gross Carrying Value
FiniteLivedIntangibleAssetsAccumulatedAmortizationEffectOfExchangeRateOnGrossCarryingValue
0 usd
CY2023Q4 indi Finite Lived Intangible Assets Net Effect Of Exchange Rate Carrying Value
FiniteLivedIntangibleAssetsNetEffectOfExchangeRateCarryingValue
-917000 usd
CY2022Q4 indi Finite Lived Intangible Assets Gross Effect Of Exchange Rate Carrying Value
FiniteLivedIntangibleAssetsGrossEffectOfExchangeRateCarryingValue
-3614000 usd
CY2022Q4 indi Finite Lived Intangible Assets Accumulated Amortization Effect Of Exchange Rate On Gross Carrying Value
FiniteLivedIntangibleAssetsAccumulatedAmortizationEffectOfExchangeRateOnGrossCarryingValue
0 usd
CY2022Q4 indi Finite Lived Intangible Assets Net Effect Of Exchange Rate Carrying Value
FiniteLivedIntangibleAssetsNetEffectOfExchangeRateCarryingValue
-3614000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
200232000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
48607000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
151625000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
71673000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21759000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
49914000 usd
CY2023Q4 indi Indefinite Lived Intangible Assets Excluding Goodwill Effect Of Exchange Rate On Carrying Value
IndefiniteLivedIntangibleAssetsExcludingGoodwillEffectOfExchangeRateOnCarryingValue
1000 usd
CY2023Q4 indi Indefinite Lived Intangible Assets Excluding Goodwill Effect Of Exchange Rate On Carrying Value
IndefiniteLivedIntangibleAssetsExcludingGoodwillEffectOfExchangeRateOnCarryingValue
1000 usd
CY2022Q4 indi Indefinite Lived Intangible Assets Excluding Goodwill Effect Of Exchange Rate On Carrying Value
IndefiniteLivedIntangibleAssetsExcludingGoodwillEffectOfExchangeRateOnCarryingValue
-957000 usd
CY2022Q4 indi Indefinite Lived Intangible Assets Excluding Goodwill Effect Of Exchange Rate On Carrying Value
IndefiniteLivedIntangibleAssetsExcludingGoodwillEffectOfExchangeRateOnCarryingValue
-957000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
56509000 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
56509000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
13203000 usd
CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
13203000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
256741000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
48607000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
208134000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
84876000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21759000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
63117000 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
26481000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11644000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4769000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
28442000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
22675000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
21373000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
18324000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
18063000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
42748000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
151625000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
136463000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
113574000 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
153447000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
8319000 usd
CY2021Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
74408000 usd
CY2023 indi Goodwill Acquisition Period Increase Decrease
GoodwillAcquisitionPeriodIncreaseDecrease
0 usd
CY2022 indi Goodwill Acquisition Period Increase Decrease
GoodwillAcquisitionPeriodIncreaseDecrease
24745000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
5186000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-10175000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
295096000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
136463000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
5186000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
8319000 usd
CY2022 indi Goodwill Acquisition Period Increase Decrease
GoodwillAcquisitionPeriodIncreaseDecrease
24745000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-10175000 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q4 indi Debt Long Term And Short Term Combined Gross Amount
DebtLongTermAndShortTermCombinedGrossAmount
165142000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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4301000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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160841000 usd
CY2022Q4 indi Debt Long Term And Short Term Combined Gross Amount
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176697000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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5298000 usd
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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171399000 usd
CY2023Q4 us-gaap Debt Current
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4106000 usd
CY2022Q4 us-gaap Debt Current
DebtCurrent
15700000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
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156735000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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155699000 usd
CY2023Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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160841000 usd
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
171399000 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
8650000 usd
CY2022 us-gaap Interest Expense Debt
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1692000 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
1239000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5142000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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0 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
160000000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 usd
CY2023Q4 indi Debt Long Term And Short Term Gross Amount
DebtLongTermAndShortTermGrossAmount
165142000 usd
us-gaap Fair Value Adjustment Of Warrants
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7066000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2021Q2 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
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86100000 usd
CY2021Q2 us-gaap Share Price
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10.87
CY2022 us-gaap Derivative Gain Loss On Derivative Net
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-848000 usd
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-848000 usd
CY2023Q4 indi Equity Incentive Plan Capital Paid In
EquityIncentivePlanCapitalPaidIn
87959000 cny
CY2023Q4 indi Equity Incentive Plan Capital Paid In
EquityIncentivePlanCapitalPaidIn
12346000 usd
CY2021Q2 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
900000 usd
CY2021Q2 us-gaap Common Unit Authorized
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4908393 shares
CY2021Q2 us-gaap Common Unit Issued
CommonUnitIssued
3004885 shares
CY2021Q2 us-gaap Common Unit Outstanding
CommonUnitOutstanding
2930711 shares
CY2023 indi Liquidation Rights And Distributions Percentage Milestone Of Return On Capital Investment
LiquidationRightsAndDistributionsPercentageMilestoneOfReturnOnCapitalInvestment
0.50
CY2023 indi Liquidation Rights And Distributions Percentage Milestone Of Return On Capital Investment
LiquidationRightsAndDistributionsPercentageMilestoneOfReturnOnCapitalInvestment
0.50
CY2023 indi Liquidation Rights And Distributions Percentage Milestone Of Return On Fixed Preference Preferred Class
LiquidationRightsAndDistributionsPercentageMilestoneOfReturnOnFixedPreferencePreferredClass
1.50
CY2023 indi Liquidation Rights And Distributions Percentage Return On Capital
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Files In Submission

Name View Source Status
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