Arbe Robotics .(ARBE)
Search documents
Arbe Robotics Ltd. Announces $29 Million Underwritten Registered Direct Offering
GlobeNewswire· 2025-01-07 20:45
Offering Details - Arbe Robotics priced an underwritten offering of 8,984,375 ordinary shares at $3.20 per share, with estimated gross proceeds of approximately $29 million before deductions [1][2] - The underwriters have a 30-day option to purchase up to an additional 1,347,656 ordinary shares at the public offering price, less discounts and commissions [2] - The offering is expected to close on or about January 8, 2025, subject to customary closing conditions [2] - Canaccord Genuity is acting as the sole bookrunner for the offering [3] Use of Proceeds - The net proceeds from the offering are intended to be used for working capital and general corporate purposes [2] Company Overview - Arbe Robotics is a global leader in Perception Radar Solutions, enabling safe driver-assist systems and paving the way for full autonomous-driving [6] - The company's radar technology is 100 times more detailed than any other radar on the market and is critical for L2+ and higher autonomy [6] - Arbe empowers automakers, Tier 1 suppliers, autonomous ground vehicles, commercial and industrial vehicles, and various safety applications with advanced sensing and perception technologies [6] - The company is based in Tel Aviv, Israel, with offices in China, Germany, and the United States [6] Regulatory Information - The securities are being offered pursuant to a registration statement on Form F-3 (File No 333-269235), originally filed on January 13, 2023, and declared effective by the SEC on February 24, 2023 [4] - The offering is made only by means of a prospectus and a prospectus supplement, which forms part of the effective registration statement [4] - Electronic copies of the final prospectus, when available, can be obtained from the SEC's website or by contacting Canaccord Genuity LLC [4]
Bull Of The Day: Arbe Robotics Ltd (ARBE)
ZACKS· 2025-01-07 14:06
Nvidia's Halo Effect on Partner Companies - Nvidia's investments in smaller partner companies have led to significant stock price increases for those companies, demonstrating the "Nvidia Halo" effect [1] - Cerence (CRNC) stock jumped from $8 to $27.50 after announcing a partnership with Nvidia for large language modeling [1] - NanoX Imaging (NNOX) and SoundHound AI (SOUN), both Nvidia portfolio companies, saw positive stock moves following investment announcements [2] Arbe Robotics Partnership and Market Reaction - Arbe Robotics (ARBE) announced collaboration with Nvidia to enhance radar-based free space mapping and AI-driven capabilities [3] - ARBE stock surged 52% to close at $4.00 following the partnership announcement [3] - The company's stock experienced three major intraday drawdowns of approximately 10%, finding support each time [13] Financial Performance and Estimates - Arbe Robotics has beaten Zacks Consensus Estimate in 2 of the last 4 quarters, with an average earnings surprise of -22.7% [7] - Earnings estimates have improved recently, with current quarter loss estimates narrowing from $0.11 to $0.10 [8] - Full-year 2024 loss estimates improved from $0.42 to $0.40, while 2025 estimates moved from $0.42 to $0.39 [8] Growth Prospects and Valuation - Analysts project 600% revenue growth for Arbe Robotics in 2024, from $1M to $7M [10] - The Nvidia partnership could potentially generate hundreds of millions in future revenues [10] - Valuation metrics are skewed due to early-stage operations, with no PE ratio and high price-to-sales ratio [11] - Price-to-book ratio stood at 12x before the recent stock move and could continue to increase [11] Company Overview - Arbe Robotics provides 4D Imaging Radar Chipset Solutions for automakers, tier-1 suppliers, and autonomous vehicles [5] - The company, formerly known as Industrial Tech Acquisitions Inc, is based in Tel Aviv, Israel [5]
2025 Could Be Make-Or-Break For Arbe Robotics' Radar Technology
Seeking Alpha· 2024-12-30 13:30
Arbe Robotics Ltd. (NASDAQ: ARBE ) continues to demonstrate its innovation and versatility in radar perception, as well as automotive and non-automotive applications. For context, ARBE collaborates with Tier-1 suppliers Sensrad and HiRain Technologies to deliver smart city infrastructure and Advanced Driver AssistanceMy name is Myriam Hernandez Alvarez. I received the Electronics and Telecommunication Engineering degree from the Escuela Politecnica Nacional, Quito, Ecuador, the M.Sc. degree in computer scie ...
Arbe Robotics .(ARBE) - 2024 Q3 - Earnings Call Presentation
2024-11-27 14:50
arbe Radar Revolution. Delivered. Q3 2024 Financial Results v Disclaimer • This presentation and any made at the conference call and webcast referred to in this press release, contains "forwardlooking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words "expect," "believe," "estimate," "intend," "plan," "anticipate," "may," "should," "strategy," "future," "will," "project," "po ...
Arbe Robotics .(ARBE) - 2024 Q3 - Earnings Call Transcript
2024-11-27 14:50
Arbe Robotics Ltd. (NASDAQ:ARBE) Q3 2024 Earnings Conference Call November 27, 2024 8:30 AM ET Company Participants Miri Segal-Scharia - CEO, MS-IR Kobi Marenko - CEO & Co-Founder Karine Pinto-Flomenboim - CFO Conference Call Participants Suji Desilva - ROTH Capital Operator Good morning, and welcome to the Arbe Robotics Third Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask q ...
Arbe Robotics Ltd. (ARBE) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2024-11-27 14:11
Arbe Robotics Ltd. (ARBE) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -18.18%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.09, delivering a surprise of 18.18%.Over the last four quarters, the company has surp ...
Arbe Announces Q3 2024 Financial Results
Prnewswire· 2024-11-27 12:00
TEL AVIV, Israel, Nov. 27, 2024 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ: ARBE) (TASE: ARBE) ("Arbe"), a global leader in Perception Radar Solutions, today announced financial results for its third quarter, ended September 30, 2024.Key Q3 and Recent Company Highlights:• OEM Engagements: - Arbe experienced significant growth in both the number and the depth of our OEM engagements. The company is in active process with 16 OEMs, 12 of which progressed to the bid stage, and 8 entered the advanced perception ...
Arbe to Participate at ROTH 13th Annual Technology Conference
Prnewswire· 2024-11-12 14:00
TEL AVIV, Israel, Nov. 12, 2024 /PRNewswire/ -- Arbe Robotics Ltd. (Nasdaq: ARBE) (TASE: ARBE), a global leader in Perception Radar Solutions, today announced that Kobi Marenko, Chief Executive Officer, will be holding 1-on-1 meetings at the 13th Annual ROTH Technology Conference on Wednesday, November 20, 2024 in New York City.Investors who wish to schedule a meeting with Arbe's management may contact their ROTH MKM salesperson or email [email protected].For more information, please visit Arbe's events pag ...
Arbe Robotics, Ltd. Announces Closing of up to $49 Million Public Offering
GlobeNewswire News Room· 2024-11-04 21:45
$15 million upfront with up to an additional $34 million of aggregate gross proceeds upon the exercise in full for cash of long-term and milestone-linked warrants TEL AVIV, ISRAEL, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Arbe Robotics Ltd. (NASDAQ, TASE: ARBE) (“Arbe” or the “Company”), a global leader in Perception Radar Solutions, today announced the closing of its previously announced public offering of an aggregate of 8,250,000 ordinary shares (or pre-funded warrants in lieu thereof) accompanied by Tranche A ...
Arbe Robotics, Ltd. Announces Pricing of up to $49 Million Public Offering
GlobeNewswire News Room· 2024-11-01 12:56
$15 million upfront with up to an additional $34 million of aggregate gross proceeds upon the exercise in full for cash of long-term and milestone-linked warrants TEL AVIV, ISRAEL, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Arbe Robotics Ltd. (NASDAQ, TASE: ARBE) (“Arbe” or the “Company”), a global leader in Perception Radar Solutions, today announced the pricing of a public offering of an aggregate of 8,250,000 ordinary shares (or pre-funded warrants in lieu thereof) accompanied by Tranche A Warrants to purchase u ...