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Arbe to Announce Q1 2024 Financial Results and Hold a Conference Call on May 22, 2024
Newsfilter· 2024-05-01 12:00
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 [4] - 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 vehicles [4] - Arbe is based in Tel Aviv, Israel, with additional offices in China, Germany, and the United States, and serves a wide range of clients including automakers and Tier-1 suppliers [4] Conference Call Details - Arbe will hold its first quarter conference call on March 22, 2024, at 8:30 a.m. Eastern Time, with financial results to be issued before the market opens [1] - The call will feature Kobi Marenko, Co-Founder and CEO, and Karine Pinto-Flomenboim, CFO, and can be accessed via multiple telephone lines [2] - A live webcast of the call will be available, along with an archived version on Arbe's Investor Relations website after the call [3]
7 Penny Stocks That Deserve a Closer Look in Q2
InvestorPlace· 2024-04-07 17:44
For the most extreme opportunities in the market this side of an options trade, your best bet may be to consider penny stocks to watch in Q2. And by bet, I’m meaning exactly that – this arena should be treated like a casino.That’s no disrespect to the legitimate enterprises on this list. However, much like when the coach puts you into “special” teams, you have to protect yourself. Anybody who has played football knows that there’s nothing special about special teams. You offer your body as a battering ram a ...
Arbe Robotics .(ARBE) - 2023 Q4 - Annual Report
2024-03-28 13:21
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _____________. OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION ...
Arbe Opens an Office in Shanghai, China, Solidifying the Company's Presence in the Region
Newsfilter· 2024-03-20 20:01
Core Insights - Arbe Robotics Ltd. has opened an office in Shanghai, China, to enhance collaboration with key companies in the region and improve customer service [1][2] - The strategic move aims to position Arbe closer to local OEMs and gain market share in the Chinese market [1][2] - The company is committed to supporting the Chinese automotive industry's development and providing leading Perception Radar solutions [2] Company Developments - HiRain Technologies will begin mass production of LRR610 Imaging Radars powered by Arbe's chipset by the end of 2024, covering 1 million kilometers for data collection [2] - Sensrad AB has received significant orders from Chinese affiliates for radar systems utilizing Arbe's chipset across various industries [2] - Weifu High-Technology Group issued an $11.6 million preliminary order for Arbe radar chipsets and a $1 million order for professional services [2] - A strategic cooperation agreement was signed between Arbe, Weifu, and KargoBot to promote R&D and commercial applications of 4D Imaging Radars in autonomous driving [2] - HiRain Technologies was selected to provide perception radars for the Port of RiZhao, with plans for expansion to additional ports across China [2] Industry Position - Arbe is recognized as a global leader in Perception Radar solutions, with technology that is 100 times more detailed than competitors, critical for L2+ and higher autonomy [3] - The company is positioned to empower automakers, Tier 1 suppliers, and various safety applications with advanced sensing capabilities [3]
ARBE TO PARTICIPATE AT THE 36th ANNUAL ROTH CONFERENCE
Newsfilter· 2024-03-14 12:00
Company Overview - Arbe Robotics Ltd. (NASDAQ:ARBE) 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 imaging radar technology is 100 times more detailed than any other radar on the market, making it essential for L2+ and higher autonomy vehicles [3] - Arbe operates in the fast-growing automotive radar market, which has a projected total addressable market of $11 billion by 2025 [3] Upcoming Events - Kobi Marenko, CEO of Arbe, will hold 1-on-1 meetings at the 36th Annual Roth Conference on March 18, 2024 [1] - The conference will feature small group meetings, analyst-selected fireside chats, thematic industry panels, and presentations from approximately 500 private and public companies across various growth sectors [1]
Arbe Robotics .(ARBE) - 2023 Q4 - Earnings Call Transcript
2024-03-07 17:04
Arbe Robotics Ltd. (NASDAQ:ARBE) Q4 2023 Earnings Conference Call March 7, 2024 8:30 AM ET Company Participants Miri Segal - MS-IR Kobi Marenko - Chief Executive Officer, Co-Founder and Director Karine Pinto-Flomenboim - Chief Financial Officer Conference Call Participants Gary Mobley - Wells Fargo Securities Joshua Buchalter - TD Cowen Suji Desilva - Roth MKM Jaime Perez - RF Lafferty Operator Hello, and welcome to the Arbe Robotics’ Fourth Quarter and Full-Year 2023 Earnings Results Conference Call and We ...
Arbe Robotics .(ARBE) - 2023 Q4 - Earnings Call Presentation
2024-03-07 14:29
Radar Revolution. Delivered. Q4 and FY 2023 Financial Results Investor Presentation 1 Revenue ...
Arbe Announces Q4 and Full Year 2023 Financial Results
Prnewswire· 2024-03-07 12:00
Core Insights - Arbe Robotics Ltd. reported financial results for Q4 and full year 2023, highlighting significant progress in its chipset production and partnerships with Tier-1 suppliers [1][2][4]. Financial Performance - Q4 2023 revenues were $0.35 million, up from $0.15 million in Q4 2022, while full year revenues decreased to $1.5 million from $3.5 million in 2022 [4]. - The gross margin for Q4 2023 was negative 54.5%, compared to negative 45.6% in Q4 2022, with a full year gross margin of negative 2.6% versus positive 63.5% in 2022 [4]. - Operating expenses in Q4 2023 were $11.9 million, down from $14.0 million in Q4 2022, and full year operating expenses were $46.8 million compared to $50.0 million in 2022 [5]. - The net loss for Q4 2023 was $9.3 million, an improvement from a net loss of $11.1 million in Q4 2022, while the full year net loss was $43.5 million compared to $40.5 million in 2022 [6]. Business Developments - Arbe completed its chipset pre-production phase and is preparing for mass production in 2024, with Tier-1 suppliers in China set to begin mass production of radar systems based on Arbe's chipset [2][3]. - The company received a second order from a leading Western truck company, indicating progress towards full commercial orders [2]. - Arbe's chipset is under evaluation by key players in the passenger vehicle market, which collectively account for over 40% market share, with projected radar revenue of $7.5 billion by the end of the decade [2]. Strategic Initiatives - Arbe is initiating a dual listing on the Tel Aviv Stock Exchange (TASE) to enhance trading volume and is negotiating bond issuance to secure working capital for production ramp-up in 2025 [2]. - The company aims to achieve four design-ins with automakers and anticipates strong interest in its offerings despite extended decision timelines from OEMs [8]. Outlook - The company expects 2024 revenues to align with those of 2023, with growth anticipated in 2025 as it aims for full production in the second half of 2024 [8]. - Adjusted EBITDA for 2024 is projected to be in the range of negative $30 million to negative $36 million [8].
Arbe Robotics .(ARBE) - 2024 Q1 - Quarterly Report
2024-03-06 16:00
Exhibit 99.1 Arbe Announces Q4 and Full Year 2023 Financial Results TEL AVIV, Israel, March 7, 2024-- Arbe Robotics Ltd. (NASDAQ: ARBE) ("Arbe"), a global leader in Perception Radar Solutions, today announced financial results for its fourth quarter and full year ended on December 31, 2023. Key Q4 and 2023 Company Highlights: · Arbe completed its chipset pre-production phase and is in the final stages towards production ramp up in 2024. Following that, Arbe Tier-1s announced they will begin mass production ...
Arbe Celebrates Milestone Achievements as Sensrad Announces Major Customer Orders for Revolutionary Radar Technology
Newsfilter· 2024-01-18 13:00
Core Insights - Arbe Robotics Ltd. is experiencing significant customer orders for its radar systems through its tier 1 partner, Sensrad AB, indicating strong market recognition of Arbe's radar chipset technology [1][2] Group 1: Company Overview - Arbe Robotics is a global leader in Perception Radar Solutions, focusing on advanced sensing technology for autonomous vehicles and driver-assist systems [3] - The company's radar technology is reported to be 100 times more detailed than any other radar on the market, positioning it as a critical sensor for L2+ and higher autonomy [3] - Arbe is targeting a projected total addressable market of $11 billion in the automotive radar sector by 2025 [3] Group 2: Recent Developments - Sensrad AB has received multiple significant orders, including from an American autonomous transportation manufacturer and a robotized outdoor power equipment pioneer [1] - The orders also include follow-up requests from key players in the transportation sector and several Chinese affiliates, indicating a diverse range of applications across industries [1] Group 3: Market Impact - The recent success of Arbe's radar solutions highlights the growing traction among industry leaders for state-of-the-art sensing technology, emphasizing a commitment to vehicle safety and autonomy [2]