1 Hot EV Chip Stock Investors Love, but Is It Really a Buy?

The company has also been peeling back the veil on some of its specific chip designs to give investors a clearer view of exactly what it's working on these days. First, consider that despite all that revenue growth, indie still operates at a fairly steep loss. Losses under generally accepted accounting principles (GAAP) were $40.7 million (or a $16.3 million loss on an adjusted basis), compared to a GAAP operating loss of $30 million in second quarter 2022 (or $17 million).