Connected Car
More importantly, though, the adjusted gross profit margin on products sold was 52.2%, exceeding the expectation for "the 51% range." The outlook for Q1 2023 is for "$160 million annualized revenue run-rate" -- or $40 million in revenue. A caveat to all that growthDo bear in mind, though, that indie's growth deserves a footnote. Thus, on a per-share basis, indie's revenue growth isn't quite as impressive as it appears at first glance. GEO will be taken over for $180 million, half in cash and half in new indie stock.