indie Semiconductor Inc. reported its first quarter 2025 results, showing a 3% year-over-year increase in revenue to $54.1 million and a Non-GAAP gross margin of 49.5%. The company's GAAP operating loss decreased to $38.9 million from $49.6 million a year ago, while the Non-GAAP operating loss improved to $15.1 million compared to $17.2 million in the same period last year. The company also announced a restructuring plan aimed at increasing operational efficiencies and accelerating its path to profitability. Significant business developments include securing the iND880 vision processor for in-cabin monitoring with Valeo for a North American OEM and winning an eMirror design project for the same processor with a Korean OEM. Looking ahead, indie Semiconductor provided a second quarter 2025 revenue outlook of between $50 million and $53 million, with a midpoint of $51.5 million. The company cited ongoing market uncertainty affecting the timing of anticipated production ramps as a factor in its guidance.