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Arbe Announces Q4 and Full Year 2024 Financial Results
ARBEArbe Robotics .(ARBE) Prnewswire·2025-03-05 12:00

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 0.1million,downfrom0.1 million, down from 0.35 million in Q4 2023, with full year revenues at 0.8millioncomparedto0.8 million compared to 1.5 million in 2023 [6]. - The net loss for Q4 2024 was 12.2million,comparedtoanetlossof12.2 million, compared to a net loss of 9.3 million in Q4 2023, while the full year net loss was 49.3million,upfrom49.3 million, up from 43.5 million in 2023 [9][20]. - Operating expenses in Q4 2024 were 12.6million,anincreasefrom12.6 million, an increase from 11.9 million in Q4 2023, with full year operating expenses totaling 48.9millioncomparedto48.9 million compared to 46.8 million in 2023 [8][20]. Capital and Fundraising - Arbe successfully raised approximately 70millionthroughvariousfundraisinginitiatives,includinga70 million through various fundraising initiatives, including a 33 million underwritten registered direct offering and 15millionfromapublicoffering[2][10][12].−Thecompany’simprovedliquiditypositionisexpectedtoenhanceitsabilitytoexecuteonitsgrowingRFIandRFQpipeline[5][12].MarketDemandandCollaborations−ThereisincreasinginterestinArbe′sradartechnologyfromautomotiveleadersandemergingverticals,withthecompanyactivelyengagingwith15OEMs,11ofwhichhaveadvancedtothebidstage[3][10].−CollaborationsincludepartnershipswithZenseactforAI−drivensafetysolutions,aleadingEuropeantruckmanufacturerforself−drivingtechnology,andNVIDIAforenhancedradarcapabilities[10].FutureOutlook−ThetotaladdressablemarketforArbe′simagingradartechnologyisexpectedtoexpand,withprojectionstoshipapproximately5millionchipsetsby2030[4].−For2025,annualrevenuesareanticipatedtobebetween15 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].