Israel toll-free: 1-809-212373 Internationally: 1-(412) 317-1880 A telephonic replay of the conference call will be available following the end of the conference call until June 3, 2025. To listen to the replay, please dial 1-(877) 344-7529, or 1-(412) 317-0088 internationally, using access ID: 3848120. TEL AVIV, Israel, April 29, 2025 /PRNewswire/ -- Arbe Robotics Ltd. (Nasdaq: ARBE) (TASE: ARBE), a global leader in perception radar solutions, today announced that it will hold its first quarter 2025 confer ...

Financial Performance - The company incurred a net loss of approximately $49.3 million on revenues of approximately $0.8 million for the year ended December 31, 2024, compared to a net loss of approximately $43.5 million on revenues of approximately $1.5 million for the year ended December 31, 2023[34]. - The company expects to continue incurring significant losses as it invests in R&D before generating sufficient revenues to cover these expenses[37]. - The company does not expect to achieve profitability in the near term due to various market and operational challenges[55]. - The company has incurred approximately $4.0 million in grants from the Israel Innovation Authority through December 31, 2024, for research and development efforts[145]. - The company must maintain shareholders' equity above $5 million at the end of two consecutive quarters and have cash and cash equivalents of at least $5 million at the end of one quarter[133]. Research and Development - Research and development expenses were approximately $35.1 million in 2024, $34.1 million in 2023, and approximately $36.7 million in 2022, indicating a consistent investment in R&D[43]. - The company continues to invest in research and development, but higher expenses may not be offset by sufficient revenue growth[54]. - The company is focused on developing new products and innovations to meet changing market needs, but delays could harm customer relationships[56]. - The company is pursuing market opportunities beyond the automotive sector, but these markets may develop more slowly than anticipated[64]. - The company is collaborating with four Tier-1 manufacturers to develop seven different radar products, with two projects progressing towards selection by top five global OEMs in 2025 and 2026[214]. Market and Business Strategy - The company plans to transition to production of its radar chip for sale to customers during 2026, although there is no assurance that this timetable will be met[34]. - The company has broadened its focus to seek contracts with Tier 1 suppliers and OEMs for orders in commercial quantity, which is critical for reducing losses and achieving production[39]. - The company anticipates that market adoption of its products may lag behind initial applications, impacting overall business performance[49]. - The company targets large multinational customers with significant negotiating power, which may adversely affect sales if products are not selected[52]. - The company is investing in new applications and markets, but success in commercialization remains uncertain[59]. Risks and Challenges - The company may require additional capital to fund its growth strategy, with no assurance that such financing will be available on acceptable terms[47]. - The company is subject to various risks, including international conflicts and economic shifts, which could materially affect its business operations[45]. - The company faces risks associated with agreements with Tier-1 suppliers, including potential non-performance and reputational harm[60]. - The company may face significant impacts from international trade issues, including tariffs and export restrictions on advanced chips, which could increase costs and delay product development[71]. - The company is subject to compliance with the Dodd-Frank Act regarding conflict minerals, which may increase costs and limit supply[127]. Competition and Market Conditions - The company operates in a highly competitive market with established competitors and new entrants, which may lead to pricing pressure and reduced margins[83]. - The automotive industry is sensitive to various external conditions, including climate change and government regulations, which could adversely affect the company's business and financial condition[97]. - The trading price of the Company's ordinary shares has been volatile and subject to wide fluctuations due to various factors beyond its control[179]. - The company faces intense competition for skilled personnel, particularly in Israel, which may lead to increased compensation costs and challenges in hiring and retaining qualified employees[91]. - The company is subject to increased legislation and regulation affecting autonomous driving technology, which could raise manufacturing and compliance costs[81][82]. Intellectual Property and Legal Matters - The company may face challenges in protecting its intellectual property rights, which could adversely affect its competitive position and financial results[99]. - Unauthorized use of the company's proprietary information could occur, leading to potential competitive disadvantages and costly litigation[104]. - The company faces potential legal claims related to product liability and breach of contract, which could divert management attention and increase costs[78][79]. - The company has agreements to indemnify customers against intellectual property infringement claims, which may vary in scope and could impact financial results[107]. - The company may face costly litigation or licensing fees due to third-party claims of intellectual property infringement[106]. Financial Structure and Capital Management - The company issued convertible bonds in the principal amount of NIS 110,000,000 to Israeli investors, with proceeds placed in an escrow account[161]. - As of January 2025, bonds in the principal amount of NIS 78,462,184 were converted, releasing approximately $22.4 million from the escrow account[163]. - The company is subject to restrictive covenants under the deed of trust, limiting operational and financial flexibility, including negative pledges prohibiting secured debt[165]. - The company has diversified its cash investments to mitigate risks associated with financial institutions, particularly following the restructuring of Silicon Valley Bank[130]. - The company may issue additional ordinary shares or other securities without shareholder approval, which could dilute existing ownership interests[171]. Product and Technology Development - Arbe Robotics Ltd. is a provider of 4D imaging radar solutions, enabling safe driver-assist systems and paving the way for fully autonomous driving[204]. - The company's radar technology features a groundbreaking 2,304-channel array, providing 100 times more detailed resolution than any commercial radar currently on the market[205]. - The radar chipset solution can sense the vehicle environment at a range of 350 meters with a wide field of view and a rate of up to 30 frames per second, generating ultra-high-definition images under all weather and lighting conditions[213]. - The radar systems are expected to comply with Euro-NCAP and NHTSA standards for Level 2 and higher autonomous vehicles, enhancing safety features[217]. - The radar chipset solution is anticipated to facilitate the integration into mass production due to its projected affordable price point[230].

Financial Data and Key Metrics Changes - Total revenue in Q4 2024 was $0.1 million, down from $0.35 million in Q4 2023. For the full year 2024, total revenue was $0.8 million compared to $1.5 million in 2023 [17] - Gross margin loss for Q4 2024 was $0.2 million, consistent with Q4 2023. The full year gross margin loss for 2024 was $0.8 million compared to a break-even gross margin in 2023 [18] - Operating loss for Q4 2024 was $12.8 million, compared to a loss of $12.1 million in Q4 2023. The full year operating loss totaled $49.7 million, up from $46.9 million in 2023 [21] - Net loss in Q4 2024 was $12.2 million, compared to a net loss of $9.3 million in Q4 2023. The full year net loss for 2024 was $49.3 million, compared to a loss of $43.5 million in 2023 [21] Business Line Data and Key Metrics Changes - The company reported a backlog of $0.3 million as of December 31, 2024 [18] - R&D expenses for Q4 2024 were $9 million, up from $8.4 million in Q4 2023. Full year R&D expenses were $35.1 million compared to $34.1 million in 2023 [20] Market Data and Key Metrics Changes - The company highlighted significant opportunities in the non-automotive market, particularly through collaborations with companies like Sensrad and Tianyi Transportation Technology [12] - The company anticipates shipping around 5 million imaging radar chipsets by 2030 based on current engagements [13] Company Strategy and Development Direction - The company is focused on advancing radar technology and has established collaborations with major players like NVIDIA and HiRain Technologies to enhance vehicle safety and autonomy [7][8] - The company aims to pursue four design-ins with automakers in 2025, with projected annual revenue expected to be between $2 million and $5 million, weighted towards the end of the year [25] Management's Comments on Operating Environment and Future Outlook - Management noted that while broader economic shifts have led to delays in automakers' rollout of advanced driver assist systems, the total addressable market continues to expand [24] - The company expressed confidence in its market potential, supported by recent fundraising initiatives totaling nearly $17 million [15] Other Important Information - As of December 31, 2024, the company had $24.6 million in cash and equivalents. Following a recent fundraising round, the current cash balance is approximately $73 million [23][35] Q&A Session Summary Question: What programs are expected to drive $1 million-plus revenue quarters towards the end of 2025? - Management identified three leading projects in final stages: Tianyi (non-automotive), trucks in Europe, and a project with HiRain for a Chinese car manufacturer, expecting to start shipping chips upon full production [31] Question: What is the current cash balance and share count post-fundraising? - The current cash balance is above $70 million, approximately $73 million, with a share count of 85.7 million [35][38] Question: Can you provide an update on the China EV market opportunity? - The company noted that Chinese car manufacturers are focusing on launching self-driving services and are looking for radar solutions to enhance their capabilities [39] Question: What is the status of discussions with OEMs? - Management indicated that evaluations with OEMs are in final stages, with the company shortlisted against one or two competitors, highlighting advantages in performance and pricing [45] Question: What is the outlook for operating expenses over the next few years? - The company expects operating expenses to remain similar in the next couple of years, with additional investments in next-generation technologies projected to increase expenses by $5 million to $15 million [47]

Radar Revolution. Delivered. Q4 and FY 2024 Financial Results Investor Presentation 1 Revenue v v 0.35 0.1 Q4 2023 Q4 2024 Q4 Revenue ($M) Yearly Revenue ($M) 1.5 0.8 2023 2024 2 v Gross Margin Operating Expenses v Q4 Operating Expenses ($M) 8.4 9 11.9 12.6 Q4 2023 Q4 2024 R&D Operating Expenses ($M) Operating Loss ($M) (46.9) (49.6) 2023 2024 34.1 35.1 46.8 48.9 2023 2024 R&D v v Profitability v v -8.4 -8.4 -7.5 -8.2 -8.5 -7.5 -8.2 -9 Net Loss ($M) Adjusted EBITDA ($M)* Q1.23 Q2.23 Q3.23 Q4.23 Q1.24 Q2.24 ...

Arbe Robotics Ltd. (NASDAQ:ARBE) Q4 2024 Earnings Conference Call March 5, 2025 8:30 AM ET Company Participants Miri Segal – Chief Executive Officer-MS-IR Kobi Marenko – Co-Founder and Chief Executive Officer Karine Pinto-Flomenboim – Chief Financial Officer Conference Call Participants Suji Desilva – Roth Capital George Gianarikas – Canaccord Genuity Operator Good morning, everyone, and welcome to the Arbe Robotics Fourth Quarter and Full Year 2024 Financial Results Conference Call. All participants will b ...

分组1 - Arbe Robotics Ltd. reported a quarterly loss of $0.11 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.10, marking a surprise of -10% [1] - Over the last four quarters, Arbe Robotics has surpassed consensus EPS estimates only once [2] - Industrial Tech Acquisitions posted revenues of $0.1 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 67%, compared to year-ago revenues of $0.35 million [2] 分组2 - The stock of Industrial Tech Acquisitions has declined approximately 10.8% since the beginning of the year, while the S&P 500 has decreased by -1.8% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The estimate revisions trend for Industrial Tech Acquisitions is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] 分组3 - The current consensus EPS estimate for the upcoming quarter is -$0.09 on $0.5 million in revenues, and -$0.35 on $7 million in revenues for the current fiscal year [7] - The Technology Services industry is currently ranked in the top 28% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] 分组4 - MeridianLink, another company in the same industry, is expected to report quarterly earnings of $0.07 per share, reflecting a year-over-year change of +124.1% [9] - MeridianLink's revenues are anticipated to be $78.04 million, which is a 4.6% increase from the year-ago quarter [10]

Core Insights - Arbe Robotics Ltd. reported financial results for Q4 and full year 2024, highlighting a decrease in revenues and net losses, while also emphasizing successful fundraising efforts to strengthen its financial position [1][6][9]. Financial Performance - Q4 2024 revenues were $0.1 million, down from $0.35 million in Q4 2023, with full year revenues at $0.8 million compared to $1.5 million in 2023 [6]. - The net loss for Q4 2024 was $12.2 million, compared to a net loss of $9.3 million in Q4 2023, while the full year net loss was $49.3 million, up from $43.5 million in 2023 [9][20]. - Operating expenses in Q4 2024 were $12.6 million, an increase from $11.9 million in Q4 2023, with full year operating expenses totaling $48.9 million compared to $46.8 million in 2023 [8][20]. Capital and Fundraising - Arbe successfully raised approximately $70 million through various fundraising initiatives, including a $33 million underwritten registered direct offering and $15 million from a public offering [2][10][12]. - The company’s improved liquidity position is expected to enhance its ability to execute on its growing RFI and RFQ pipeline [5][12]. Market Demand and Collaborations - There is increasing interest in Arbe's radar technology from automotive leaders and emerging verticals, with the company actively engaging with 15 OEMs, 11 of which have advanced to the bid stage [3][10]. - Collaborations include partnerships with Zenseact for AI-driven safety solutions, a leading European truck manufacturer for self-driving technology, and NVIDIA for enhanced radar capabilities [10]. Future Outlook - The total addressable market for Arbe's imaging radar technology is expected to expand, with projections to ship approximately 5 million chipsets by 2030 [4]. - For 2025, annual revenues are anticipated to be between $2 million and $5 million, with a focus on the latter part of the year [18].

Company Overview - Arbe Robotics Ltd. is a global leader in perception radar solutions, focusing on enabling safe driver-assist systems and paving the way for full autonomous driving [2] - The company's radar technology is 100 times more detailed than any other radar on the market, making it a critical sensor for L2+ and higher autonomy [2] - Arbe is based in Tel Aviv, Israel, with additional offices in China, Germany, and the United States, and is a key player in the fast-growing automotive radar market [2] Upcoming Events - Kobi Marenko, the CEO of Arbe, will participate in a fireside chat at the 37th Annual Roth Conference on March 17, 2025, in Dana Point, CA [1] - The chat will be moderated by Suji Desilva, a Roth Senior Research Analyst, and is scheduled for 10:00 am PDT [1] - Investors interested in meeting with Arbe's management during the conference can contact their Roth representative [1]

Group 1 - Arbe Robotics Ltd. (ARBE) is currently outperforming its peers in the Business Services sector, with a year-to-date gain of approximately 7% compared to the sector average of 6.5% [4] - The Zacks Rank for Arbe Robotics Ltd. is 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - Over the past three months, the consensus estimate for ARBE's full-year earnings has increased by 10.3%, reflecting improving analyst sentiment [3] Group 2 - Arbe Robotics Ltd. belongs to the Technology Services industry, which has 152 stocks and is currently ranked 74 in the Zacks Industry Rank [5] - The average gain for the Technology Services industry so far this year is 8.5%, indicating that ARBE is slightly underperforming its industry [5] - Another stock in the Business Services sector, DLocal (DLO), has significantly outperformed with a year-to-date increase of 24.3% [4][6]

Company Overview - Arbe Robotics Ltd. is a global leader in perception radar solutions, focusing on enabling safe driver-assist systems and paving the way for full autonomous driving [3] - The company's radar technology is reported to be 100 times more detailed than any other radar on the market, making it a critical sensor for L2+ and higher autonomy [3] - Arbe is headquartered in Tel Aviv, Israel, with additional offices in China, Germany, and the United States [3] Investor Engagement - Management of Arbe Robotics will participate in investor conferences in February, providing opportunities for one-on-one virtual meetings with investors [1] - Specific conferences include the Oppenheimer 10th Annual Emerging Growth Conference on February 25 and the Canaccord Sustainability Summit on February 26, both in virtual formats [5]