Financial Data and Key Metrics Changes - Total revenue for Q3 2024 was $0.1 million, a decrease from $0.5 million in Q3 2023 [13] - Backlog as of September 30 was $0.3 million, expected to be recognized as revenue in the coming quarters [13] - Negative gross margin for Q3 2024 was $0.3 million compared to a positive gross margin of $0.1 million or 24% in Q3 2023 [13] - Operating loss in Q3 2024 was $12.4 million, an increase from $11.6 million in Q3 2023 [15] - Net loss in Q3 2024 increased to $12.6 million compared to a net loss of $11.7 million in Q3 2023 [15] - Adjusted EBITDA for Q3 2024 was a loss of $8.2 million, compared to a loss of $7.5 million in Q3 2023 [16] - Cash and cash equivalents as of September 30, 2024, were $19.1 million [17] Business Line Data and Key Metrics Changes - The company is working with 16 OEMs, with 12 moving to advanced stages and 8 entering advanced perception projects [5] - A leading European truck manufacturer plans to integrate the company's radar into its next-generation sensor suite [6] - HiRain is developing a radar-based ADAS system for a Chinese OEM, with mass production anticipated to begin in Q4 2025 [7] - Sensrad has entered a formal agreement to provide 4D imaging radar powered by the company's chipset to Tianyi Transportation Technology in China [8] Market Data and Key Metrics Changes - Increased interest in radar technology is noted in various new markets, including infrastructure, surveillance, and transportation sectors [9] - The company is expanding its total addressable market within new verticals, driving innovation across multiple industries [10] Company Strategy and Development Direction - The company aims to achieve four design-ins with automakers and is focused on getting its chipset into production [17] - The 2024 annual revenue is expected to be in line with 2023, followed by revenue growth in 2025 [18] - The company successfully completed a public offering of up to $49 million to support production ramp-up in 2025 [11] Management's Comments on Operating Environment and Future Outlook - Management believes that the timeline for some projects has been longer than expected but sees growth opportunities in the coming quarters [6] - The company expects to start shipping engineering samples of its chipset by the end of December 2024, with revenue ramp-up anticipated in the second half of 2025 [31] - Regulatory actions in the U.S. and Europe are pushing for long-range radar imaging for ADAS, which is seen as a major driver for OEM adoption [24] Other Important Information - The executive team will be meeting with investors at CES from January 7 to January 10, showcasing real-time AI-based space mapping [12] Q&A Session Summary Question: Can you give your perspective on the adoption of imaging radar given the delays in ADAS or EV models? - Management noted that the ADAS market has faced delays but is back on track with major production timelines and programs in place [21] Question: Are there any regulatory actions pushing OEMs to adopt imaging radar? - Management highlighted regulations in the U.S. and Europe that are driving the adoption of long-range radar for emergency braking [24] Question: Can you discuss the sales cycle and time to unit revenues in the non-auto market? - Management indicated that while the sales cycle is similar to auto, the time to production is much shorter, with revenues expected in 2025 and 2026 [27] Question: Are you still on track for full production in 2024? - Management confirmed they are on track to start shipping engineering samples by the end of December 2024, with revenue ramp-up expected in late 2025 [31] Question: How dependent are your auto sales on EV vehicles versus traditional combustion engine vehicles? - Management stated that imaging radar can be used in any vehicle, and the decision on ADAS features will depend on OEM plans [32]

Group 1: Company Performance - Arbe Robotics Ltd. reported a quarterly loss of $0.13 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.11, representing an earnings surprise of -18.18% [1] - Over the last four quarters, the company has surpassed consensus EPS estimates two times [2] - Industrial Tech Acquisitions posted revenues of $0.12 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 75.40%, compared to year-ago revenues of $0.48 million [2] Group 2: Stock Movement and Outlook - Industrial Tech Acquisitions shares have lost about 12.4% since the beginning of the year, while the S&P 500 has gained 26.2% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The estimate revisions trend for Industrial Tech Acquisitions is currently favorable, translating into a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3: Future Earnings Estimates - The current consensus EPS estimate for the coming quarter is -$0.09 on $0.5 million in revenues, and -$0.40 on $1.5 million in revenues for the current fiscal year [7] - The outlook for the industry can significantly impact stock performance, with the Technology Services sector currently in the top 23% of Zacks industries [8] Group 4: Related Industry Insights - Sprinklr, another stock in the same industry, is expected to report quarterly earnings of $0.08 per share, reflecting a year-over-year change of -27.3%, with revenues expected to be $196.55 million, up 5.5% from the year-ago quarter [9][10]

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 ...

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 ...

$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 ...

$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 ...

Core Viewpoint - Arbe Robotics Ltd. is proposing an underwritten public offering of its ordinary shares and warrants, subject to market conditions, with Canaccord Genuity acting as the sole bookrunner [1] Group 1: Offering Details - The offering includes ordinary shares or pre-funded warrants, along with Tranche A and Tranche B Warrants to purchase ordinary shares [1] - The completion of the offering is uncertain, and there is no assurance regarding its size or terms [1] Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes [2] Group 3: Regulatory Information - The securities are being offered under a registration statement on Form F-3, originally filed on January 13, 2023, and declared effective on February 24, 2023 [3] - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC [3] Group 4: Company Overview - Arbe Robotics is a leader in Perception Radar solutions, enabling advanced driver-assist systems and paving the way for full autonomous driving [5] - The company's radar technology is noted to be 100 times more detailed than any other radar on the market, serving as a critical sensor for L2+ and higher autonomy [5] - Arbe is headquartered in Tel Aviv, Israel, with additional offices in China, Germany, and the United States [5]

Core Insights - Arbe Robotics and HiRain Technologies are developing an advanced driver-assistance system (ADAS) for a Chinese automaker, integrating camera and radar fusion while eliminating LiDAR, aiming for production by Q4 2025 [1][2][3] Group 1: ADAS Development - The new ADAS system will utilize Arbe's chipset, combining camera and radar technologies to maintain high quality and functionality without LiDAR [1][2] - HiRain Technologies is currently in a data collection phase, planning to cover 1 million kilometers with vehicles equipped with LRR610 Imaging Radars, enhancing sensor fusion and perception capabilities [2][3] Group 2: Technology and Performance - Arbe's chipset features 48 transmitting and 48 receiving channels, providing ultra-high resolution and dense point clouds for detailed imaging [2] - The imaging radar technology is claimed to be 100 times more detailed than existing radar solutions, positioning it as a critical sensor for higher levels of vehicle autonomy [4] Group 3: Company Backgrounds - Arbe Robotics is a leader in Perception Radar solutions, focusing on safe driver-assist systems and paving the way for full autonomous driving, with a global presence [4] - HiRain Technologies, established in 2003, specializes in electronic products and R&D services for intelligent driving, aiming to be a comprehensive technology service provider in the automotive sector [5]

Sensrad Values Its Agreement at an Estimated 7M Euros, with Deliveries Expected to Begin in the Third Quarter of 2024TEL AVIV, Israel, Sept. 4, 2024 /PRNewswire/ --  Arbe Robotics Ltd. (NASDAQ: ARBE) (TASE: ARBE) a global leader in Perception Radar Solutions, announced today that its tier-1, Sensrad, has signed a framework agreement to provide 4D Imaging Radars powered by Arbe's chipset to China-based Tianyi Transportation Technology, according to an announcement from Sensrad. Sensrad values the agreement a ...

Based on recent unemployment data, there are many concerns about whether the U.S. will enter a recession. However, labor markets present interesting news.News from the New York Federal Reserve report shows that unemployment has shot up sharply, but it’s not as bad as we think. The main reason is that it takes job searchers longer to find jobs. Layoffs have definitely increased in prevalence this year. While the number of unemployed Americans increased by 352,000 last month, 70% of them were temporary layoff ...