Arbe's Radar Chipset Advances the Development of Safety and Autonomy Applications for Next-Generation Vehicle PlatformsTEL AVIV, Israel, July 11, 2024 /PRNewswire/ -- Arbe Robotics, Ltd., (Nasdaq: ARBE) (TASE: ARBE), a global leader in perception radar solutions, announced today a collaboration with a prominent European truck manufacturer to integrate Arbe's automotive grade imaging radar technology into the manufacturer's next-generation sensor suite, as part of the manufacturer's transition to an advanced ...

Preparations for Serial Production Implementation Will Begin ImmediatelyTEL AVIV, Israel, July 1, 2024 /PRNewswire/ -- Arbe Robotics Ltd. (Nasdaq: ARBE) (TASE: ARBE), a global leader in Perception Radar solutions, today announced that one of the top ten OEMs worldwide has selected Arbe's chipset for the development of its next-generation imaging radar aimed at serial production. This major milestone underscores Arbe's leadership in radar technology and paves the way for substantial commercial growth.The OEM ...

Just_Super The regulatory environment for automobile safety has changed; the NHTSA published a final ruling mandating that all light vehicles sold in the US must have automatic braking systems from 2028 onwards at speeds above 10 mph. The ruling delivers a significantly expanded TAM for Arbe and sets a deadline for OEMs to start deploying Arbe's technology. Likely, most car manufacturers (perhaps excluding the luxury premium priced manufacturers) will have a choice of two systems. Arbe Robotics (NASDAQ: ...

Company Raises Approximately $30 Million through Convertible Debenture Offering, Listed on Tel Aviv Stock ExchangeTEL AVIV, Israel, June 6, 2024 /PRNewswire/ -- Arbe Robotics, Ltd., (NASDAQ: ARBE) (TASE: ARBE), a global leader in perception radar solutions, announced today the issuance of convertible debentures in the principal amount of NIS 110,000,000 (approximately $30 million) to Israeli investors. The debentures bear an annual interest rate of 6.5%,  mature on May 30, 2028, and are convertible into Arb ...

TEL AVIV, Israel, May 31, 2024 /PRNewswire/ -- Arbe Robotics Ltd. (Nasdaq: ARBE) (TASE: ARBE), a global leader in Perception Radar Solutions, today announced management will be participating in the following investor conferences: Maxim Automotive Panel, "Charting the Course: Navigating the Intersection of TMT and Business in the AI EraFormat: Virtual PanelWhen: Tuesday, June 4 at 11:00 am ET  ROTH London Conference Format: In-person meetingsWhen: Wednesday, June 26Where: London, U.K. The panel at the Maxi ...

Financial Data and Key Metrics - Total revenue in Q1 2024 was $0.1 million, a decrease from $0.4 million in Q1 2023 [11] - Negative gross margin for Q1 2024 was 194%, compared to a positive gross margin of 11% in Q1 2023 [11] - Total operating expenses in Q1 2024 were $12.5 million, up from $10.7 million in Q1 2023, primarily due to an increase in noncash share-based compensation expenses of $1.9 million [11] - Operating loss in Q1 2024 was $12.8 million, compared to $10.6 million in Q1 2023 [12] - Adjusted EBITDA loss in Q1 2024 was $8.5 million, compared to $8.4 million in Q1 2023 [12] - Net loss in Q1 2024 increased to $12.8 million, compared to $9.9 million in Q1 2023 [13] - Cash and cash equivalents as of March 31, 2024, were $5.4 million, with $30.3 million in short-term bank deposits and no debt [13] Business Line Updates - The company achieved a significant milestone in Q1 with the successful development of post-point cloud algorithms, integrated into HiRain's imaging radar for serial production [5] - Arbe and its Tier 1 partners made progress toward serial production goals, working with major OEMs on Level 2++ and Level 3 solutions [6] - HiRain announced plans to begin net production of imaging radar by the end of 2024 [5] - Arbe's radar technology was showcased at the 2024 Beijing International Automotive Exhibition, integrated with Horizon Robotics' Journey six automotive AI processors [8] Market and Competitive Landscape - The company is engaged with 11 car companies across Europe, Japan, and China, with expectations to secure at least four design wins in 2024 [17] - Arbe's radar technology meets the high-channel count requirements of major OEMs, such as Mercedes, which emphasizes the need for at least 32x32 channels [7] - The NHTSA's mandate for automatic emergency braking (AEB) by 2029 and Euro NCAP's 2030 roadmap for zero road fatalities create opportunities for Arbe's imaging radar technology [9] - The company expects over 15% of new cars to feature high-end imaging radars by the end of the decade [9] Strategic Direction and Industry Trends - Arbe is in the final stages of dual listing on the Tel Aviv Stock Exchange and advancing through a convertible bond issuance to support production ramp-up in 2025 [10] - The company is focusing on cost-effectiveness and maintaining a strong balance sheet to fund revenue growth, with 2024 revenue expected to be in line with 2023, followed by growth in 2025 [14] - The shift in OEM strategies from EV-only to hybrid and ICE vehicles has caused delays but presents opportunities for Arbe's radar technology [30] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in achieving four design wins in 2024, driven by higher radar specifications and regulatory changes [17] - The company is nearing full auto-grade qualification for its chipset, expected to be completed by the end of Q2 or early Q3 2024 [20] - Arbe's radar is positioned as a cost-effective solution compared to LiDAR, particularly in the context of price pressures in the EV market [31] Other Key Information - Arbe's radar is the exclusive high-end imaging radar in NVIDIA's Omniverse ecosystem [25] - The company has preliminary orders from HiRain and Weifu for 2025, totaling $40 million, with 75% of the volume targeting passenger vehicles [22][23] Q&A Session Summary Question: Confidence in achieving four design wins in 2024 [16] - Management highlighted higher radar specifications and regulatory changes as key drivers, with 11 car companies engaged across Europe, Japan, and China [17] Question: Progress on auto-grade qualification [19] - The company is on track to complete qualification by the end of Q2 or early Q3 2024, with no major hurdles expected [20] Question: Revenue ramp timelines with HiRain and Weifu [21] - Preliminary orders for 2025 total $40 million, with 75% targeting passenger vehicles [22][23] Question: Arbe's role in NVIDIA's Omniverse ecosystem [24] - Arbe's radar is the exclusive high-end imaging radar in the ecosystem [25] Question: Impact of EV market shifts on Arbe's business [29] - The shift to hybrid and ICE vehicles caused delays but presents opportunities for Arbe's radar technology [30] Question: Investments for production ramp-up [35] - The company has completed most production-related expenses, with CapEx investments already made [36]

Arbe Robotics Ltd. (ARBE) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. 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 $0.10, delivering a surprise of 9.09%.Over the last four quarters, the company has surpass ...

TEL AVIV, Israel, May 22, 2024 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ: ARBE) ("Arbe"), a global leader in Perception Radar Solutions, today announced financial results for its first quarter, which ended March 31, 2024.Key Q1 and Recent Company Highlights:A global leader in autonomous driving selected the HiRain LRR610 radar, powered by the Arbe chipset for its robotaxi fleet scheduled for mass production in 2025.Arbe's finalized chipsets, which are nearing full automotive qualification, are advancing to ...

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Tel Aviv, Israel, May 2, 2024— Arbe Robotics Ltd. (NASDAQ:ARBE) ("Arbe"), a global leader in Perception Radar solutions, today announced that Kobi Marenko, Chief Executive Officer, and Karine Pinto-Flomenboim, Chief Financial Officer, participate virtually at the Oppenheimer 9th Annual Emerging Growth Conference on Thursday, May 9, 2024. Arbe will hold one-on-one investor meetings during the day. Please contact your Oppenheimer salesperson to schedule a meeting. For more information regarding this event, pl ...