Net Income (Loss) per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of Basic and Diluted Net Income (Loss) Per Common Unit

Basic and diluted net loss per common share was calculated as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income (loss)	$	(5,304)	$	12,988	$	8,402	$	23,349
Less: Net income (loss) attributable to noncontrolling interest	(1,070)		6,839		1,803		6,385
Net income (loss) attributable to indie Semiconductor, Inc.	$	(4,234)	$	6,149	$	6,599	$	16,964



Less: Change in fair value of SAFEs	—		2,500		—		21,600

Net income (loss) attributable to common shareholders - dilutive	$	(4,234)	$	3,649	$	6,599	$	(4,636)

Denominator:
Weighted average shares outstanding - basic	116,983,265		47,058,489		114,102,308		39,712,251

Effect of conversion of SAFEs	—		5,976,258		—		6,523,975
Effect of potentially dilutive Phantom Units	—		379,721		1,064,688		—
Effect of potentially dilutive Class V common stock	—		7,434,587		28,925,854		—
Effect of potentially dilutive unvested Class B units	—		2,798,002		5,310,003		—
Effect of potentially dilutive unexercised options	—		—		1,337,802		—
Weighted average common shares outstanding—diluted	116,983,265		63,647,057		150,740,655		46,236,226

Net income (loss) per share attributable to common shares— basic	$	(0.04)	$	0.13	$	0.06	$	0.43
Net income (loss) per share attributable to common shares— diluted	$	(0.04)	$	0.06	$	0.04	$	(0.10)

Schedule of Antidilutive Units Excluded from Computation of Net Loss Per Unit

The Company excluded the following potential shares, presented based on amounts outstanding at each period end, from the

computation of diluted net loss per share attributable to shareholders for the periods indicated as their inclusion would have had an antidilutive effect:


	Three Months Ended June 30,		Six Months Ended June 30,
	2022	2021	2022	2021

Unvested Class B units	—	—	—	2,027,508
Unvested Phantom units	1,060,119	—	—	1,727,730
Unvested Restricted stock units	5,070,412	—	—	—



Convertible Class V common shares	26,382,703	—	—	33,827,371
Public warrants for the purchase of Class A common shares	17,250,000	17,250,000	17,250,000	17,250,000
Private warrants for the purchase of Class A common shares	10,150,000	10,150,000	10,150,000	10,150,000
Unexercised options	368,875	—	368,875	—
Earn-out Shares	5,000,000	10,000,000	5,000,000	10,000,000
Escrow Shares	1,725,000	3,450,000	1,725,000	3,450,000
	67,007,109	40,850,000	34,493,875	78,432,609