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].

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 ...

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]

Radar Revolution. Delivered. Q3 2023 Financial Results v Disclaimer This presentation and any statements made at the conference call and webcast referred to in this presentation, contains "forward-looking 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," ...

Financial Data and Key Metrics - Total revenue in Q3 2023 was $0.5 million, a decrease from $1.3 million in Q3 2022, in line with longer OEM implementation timelines [11] - Gross margin for Q3 2023 was 24%, compared to 72.5% in Q3 2022, due to reduced quarterly revenue with a fixed cost portion in cost of goods sold [11] - Operating expenses in Q3 2023 were $11.7 million, slightly down from $11.8 million in Q3 2022, driven by lower R&D and G&A expenses [12] - Adjusted EBITDA loss in Q3 2023 was $7.5 million, outperforming expectations, compared to a loss of $8.4 million in Q3 2022 [13] - Net loss in Q3 2023 was $11.7 million, compared to a net loss of $9.9 million in Q3 2022 [13] - Cash and cash equivalents as of September 30, 2023, were $23.5 million, with $25.6 million in short-term bank deposits and no debt [14] Business Line Data and Key Metrics - Arbe is engaged with four top Tier 1 companies: Magna, HiRain, Weifu, and Sensrad, all of which advanced to the production of radar systems based on Arbe's chipsets in Q3 [5][6] - Preliminary chipset orders from China for 2024 and 2025 include an $11.6 million order from Weifu and a 340,000-unit order from HiRain [7] - The company is awaiting final confirmation for two prominent truck projects, which, along with passenger vehicle OEMs, represent 31% of the global passenger vehicle market [6] Market Data and Key Metrics - Arbe's technology is in the final stages of selection with prominent European, American, and Asian OEMs, representing 31% of the global passenger vehicle market [6][14] - The company expects revenue to be in the lower range of $5 million to $7 million for the year, with adjusted EBITDA loss projected between $32 million and $35 million [14] Company Strategy and Industry Competition - Arbe aims to become a leader in perception radar solutions for the automotive industry, with its imaging radar technology expected to become the standard for most passenger vehicles by the end of the decade [6] - The company is ahead of competitors in terms of production readiness, with a 1.5 to 2-year lead in imaging radar technology [25] - Arbe's imaging radar is priced competitively at around $150-$160 for a front-facing radar, making it a cost-effective alternative to LiDAR [35] Management Commentary on Operating Environment and Future Outlook - The company's operations in Israel remain unaffected by the ongoing conflict, with manufacturing and production carried out in Germany by GlobalFoundries [9] - Arbe's cash balance ensures sufficient funding until the second half of 2025, with preliminary orders from China expected to help the company reach breakeven [8] - The company anticipates revenue ramping up from the second half of 2024, mainly in 2025, 2026, and 2027, driven by final decisions from OEMs [23] Other Important Information - Arbe welcomed Professor Yonina Eldar to its Board of Directors, bringing expertise in electrical engineering and radar theory [8] - Around 20% of the team was called for military duty, primarily affecting long-term projects, but immediate client support capabilities remain intact [9] Q&A Session Summary Question: Operational challenges due to the conflict in Israel - The company has prioritized tasks, with next-generation chipset development delayed, but current customer activities remain unaffected [17][18] - Feedback from prospective customers has been supportive, and the company continues to operate with a remote and hybrid work model [17][18] Question: Conversion of preliminary orders into shipments - Finalization of contracts between Tier 1 partners and OEMs is expected by the end of 2023 or early 2024, turning preliminary orders into actual orders [20] Question: Revenue ramp in Q4 2023 - The company expects decisions from 5-6 OEMs by year-end or early next year, with revenue ramping up from the second half of 2024 [23] Question: Competitive landscape in imaging radar - Arbe is ahead of competitors like Continental and NXP, with a 1.5 to 2-year lead in production readiness [25] Question: Timeline for OEMs to integrate imaging radar data - Data collection and algorithm training typically take 6-12 months, with initial data collection already underway [29] Question: HiRain's 340,000-unit order shipment timeline - The majority of shipments are expected in 2024, with potential for some shipments by the end of 2023 [31] Question: Truck projects and market dynamics - Arbe is engaged with two prominent truck manufacturers, focusing on ADAS functionalities for trucks [33] Question: Imaging radar adoption and pricing - Imaging radar is expected to become standard on all cars by the end of the decade, with pricing competitive against LiDAR [35][37] Question: Market penetration beyond 31% of global passenger vehicles - Early adopters, particularly premium car manufacturers, are the primary focus, with broader adoption expected over time [37]

[Executive Summary & Business Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Business%20Highlights) Arbe Robotics achieved significant Q3 2023 milestones, advancing Tier 1 radar production and OEM selections, while maintaining sufficient liquidity until H2 2025 [Q3 2023 & Recent Company Highlights](index=1&type=section&id=Key%20Q3%20and%20Recent%20Company%20Highlights) Arbe Robotics advanced Tier 1 radar production, delivered 'B Samples' to OEMs, and is in final selection stages for significant automotive projects - Magna, HiRain, Weifu, and Sensrad (Arbe's Tier 1s) are progressing towards radar system production based on Arbe's chipset[1](index=1&type=chunk) - Tier 1 radar 'B Samples' (production intent systems) utilizing Arbe's chipset were delivered to car manufacturers (OEMs) for L2+ and L3 applications, a pre-selection condition[1](index=1&type=chunk) - Arbe is in the final stages of the selection process with leading European, American, and Asian OEMs, which collectively account for a **31%** share of the global passenger vehicle market[2](index=2&type=chunk) - Arbe is awaiting final confirmation on securing two prominent truck projects[2](index=2&type=chunk) - Current cash balance provides sufficient funds until the **second half of 2025**. Preliminary chipset orders from Chinese Tier 1s for **2024 and 2025**, once finalized, are expected to enable the company to reach breakeven with current cash reserves[3](index=3&type=chunk) - Prof. Yonina Eldar, a leading radar theory expert, has joined Arbe's board of directors[3](index=3&type=chunk) [Current Situation in Israel](index=2&type=section&id=Current%20Situation%20in%20Israel) Arbe's manufacturing remains unaffected by the situation in Israel, with short-term operations and client support maintained despite team call-ups - Arbe's manufacturing and production are performed in Germany by GlobalFoundries, with no expected change in product availability[3](index=3&type=chunk) - **20%** of Arbe's team was called for military duty, primarily affecting long-term projects, with no impact on short-term commercial and client support[3](index=3&type=chunk) - The company continues to monitor activities and adapt to ensure business continuity while prioritizing employee safety[4](index=4&type=chunk) [CEO Statement](index=2&type=section&id=CEO%20Statement) CEO Kobi Marenko highlighted Q3 progress, significant OEM milestones, and Arbe's strategic position in the growing Imaging Radar market - CEO Kobi Marenko is pleased with **Q3** progress, including significant milestones with leading OEMs[4](index=4&type=chunk) - Arbe is in the concluding stages of various OEM selection processes, signaling the rising significance of Imaging Radars as a backbone of the automotive sensor suite[4](index=4&type=chunk) - Arbe's cutting-edge technology is uniquely positioned to meet the demand for Imaging Radars[4](index=4&type=chunk) [Financial Performance](index=2&type=section&id=Financial%20Performance) Arbe's Q3 2023 financial performance saw decreased revenues and gross margin, leading to an increased net loss, despite improved Adjusted EBITDA loss [Q3 2023 Financial Highlights](index=2&type=section&id=Third%20Quarter%202023%20Financial%20Highlights) Q3 2023 revenues decreased to **$0.5 million**, impacting gross margin, while net loss increased to **$11.7 million** despite a lower Adjusted EBITDA loss Q3 2023 Financial Performance Summary (USD millions) | Metric | Q3 2023 (USD millions) | Q3 2022 (USD millions) | Change (YoY) | | :----- | :--------------------- | :--------------------- | :----------- | | Revenues | 0.5 | 1.3 | -61.5% | | Gross Margin | 24.0% | 72.5% | -48.5 pp | | Operating Expenses | 11.7 | 11.8 | -0.8% | | Operating Loss | (11.6) | (10.9) | +6.4% | | Net Loss | (11.7) | (9.9) | +18.2% | | Adjusted EBITDA Loss | (7.5) | (8.4) | -10.6% | - Gross margin decreased mainly due to reduced quarterly revenue with a fixed cost portion in cost of goods sold[5](index=5&type=chunk) - Operating expenses decreased by **$0.1 million** due to lower subcontractor expenses, favorable exchange rates, and reduced D&O insurance, partially offset by increased share-based compensation (**$2.3M** in **Q3 2022** to **$3.9M** in **Q3 2023**)[6](index=6&type=chunk) - Net loss in **Q3 2023** included **$0.1 million** of financial expenses, mainly related to exchange rate revaluations, compared to financial income of **$1.0 million** in **Q3 2022**[7](index=7&type=chunk) [Balance Sheet & Liquidity](index=3&type=section&id=Balance%20Sheet%20%26%20Liquidity) As of September 30, 2023, Arbe maintained a strong liquidity position with **$23.5 million** in cash and **$25.6 million** in short-term bank deposits, with no debt Balance Sheet and Liquidity Summary (USD millions) | Metric | As of Sep 30, 2023 (USD millions) | | :----- | :------------------------------ | | Cash and cash equivalents | 23.5 | | Short term Bank deposits | 25.6 | | Debt | 0.0 | [Outlook & Guidance](index=3&type=section&id=Outlook%20%26%20Guidance) Arbe anticipates full-year 2023 revenues in the lower range of **$5-7 million** and an Adjusted EBITDA loss of **$32-35 million**, while progressing OEM selections [Full Year 2023 Outlook](index=3&type=section&id=Outlook) Arbe projects full-year 2023 revenues of **$5-7 million** and an Adjusted EBITDA loss of **$32-35 million**, with ongoing OEM selection processes - Arbe is in the final selection stages with leading OEMs in Europe, the US, and Asia Pacific, accounting for **31%** of the global passenger vehicle market[10](index=10&type=chunk) Full Year 2023 Financial Outlook (USD millions) | Metric | Full Year 2023 Outlook (USD millions) | | :----- | :---------------------------------- | | Revenues | $5 to $7 (lower range) | | Adjusted EBITDA | ($32) to ($35) | [Company Information & Disclosures](index=3&type=section&id=Company%20Information%20%26%20Disclosures) This section provides an overview of Arbe's market position, conference call details, and cautionary notes regarding forward-looking statements [About Arbe](index=3&type=section&id=About%20Arbe) Arbe Robotics leads in Perception Radar Solutions, offering highly detailed technology crucial for L2+ autonomy in the growing **$11 billion** automotive radar market - Arbe is a global leader in Perception Radar Solutions, enabling safe driver-assist systems and paving the way for full autonomous driving[12](index=12&type=chunk) - Arbe's radar technology is **100 times** more detailed than other market radars and is a mandatory sensor for L2+ and higher autonomy[12](index=12&type=chunk) - The company operates in the fast-growing automotive radar market, with an estimated total addressable market of **$11 billion** in **2025**[12](index=12&type=chunk) [Conference Call & Webcast Details](index=3&type=section&id=Conference%20Call%20%26%20Webcast%20Details) Arbe hosted a **Q3 2023** conference call and webcast on **November 8, 2023**, with replay and archived access available - Arbe hosted a conference call and webcast on **November 8, 2023**, at **8:30 am ET**, with CEO Kobi Marenko and CFO Karine Pinto-Flomenboim[11](index=11&type=chunk) - A telephonic replay was available until **November 22, 2023** (Access ID: **2439734**)[11](index=11&type=chunk) - A live and archived webcast was accessible via Arbe's Investor Relations website[11](index=11&type=chunk) [Cautionary Note Regarding Forward-Looking Statements](index=4&type=section&id=Cautionary%20Note%20Regarding%20Forward-Looking%20Statements) Forward-looking statements are subject to various risks and uncertainties, including geopolitical and market factors, and should not be unduly relied upon - Forward-looking statements are subject to risks and uncertainties, including the effect of the Israeli economy and hostilities, ability to secure binding orders, manufacturing delays, and market adoption of autonomous vehicles[14](index=14&type=chunk) - Readers are cautioned not to place undue reliance on these statements, which relate only to the date they were made[14](index=14&type=chunk) - Arbe does not undertake any obligation to update forward-looking statements except as required by law or applicable regulation[14](index=14&type=chunk) [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) This section presents Arbe's consolidated balance sheets, statements of operations, cash flows, and non-GAAP reconciliations for the reported periods [Consolidated Balance Sheets](index=5&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) As of September 30, 2023, total assets decreased to **$53.95 million**, driven by reduced cash, while total liabilities significantly decreased to **$6.36 million** Consolidated Balance Sheets (USD millions) | --- | --- | --- | | Current Assets: | 2023 Sep 30, (Unaudited) (USD millions) | 2022 Dec 31, (Unaudited) (USD millions) | | :------------------------------------------------- | :--------------------------------------- | :-------------------------------------- | | Cash and cash equivalents | 23.527 | 54.171 | | Restricted cash | 0.115 | 0.144 | | Short term Bank deposits | 25.615 | 0.400 | | Trade receivable | 1.766 | 2.202 | | Prepaid expenses and other receivables | 1.277 | 1.839 | | Total current assets | 52.300 | 58.756 | | Non-Current Assets | | | | Operating lease right-of-use assets | 0.268 | 0.465 | | Property and equipment, net | 1.386 | 1.609 | | Total non-current assets | 1.654 | 2.074 | | Total assets | 53.954 | 60.830 | | Current liabilities: | | | | Trade payables | 0.594 | 1.244 | | Operating lease liabilities | 0.145 | 0.364 | | Employees and payroll accruals | 2.521 | 2.861 | | Deferred revenues | 0.101 | 0.351 | | Accrued expenses and other payables | 1.820 | 5.609 | | Total current liabilities | 5.181 | 10.429 | | Long term liabilities | | | | Operating lease liabilities | 0.035 | 0.017 | | Warrant liabilities | 1.141 | 1.631 | | Total long-term liabilities | 1.176 | 1.648 | | SHAREHOLDERS' EQUITY: | | | | Additional paid-in capital | 241.952 | 208.893 | | Accumulated deficit | (194.355) | (160.140) | | Total shareholders' equity | 47.597 | 48.753 | | Total liabilities and shareholders' equity | 53.954 | 60.830 | [Consolidated Statements of Operations](index=6&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) Q3 2023 revenues decreased to **$0.48 million**, leading to an operating loss of **$11.56 million** and a net loss of **$11.70 million** Consolidated Statements of Operations (USD millions) | --- | --- | --- | --- | --- | | | 3 Months Ended September 30, 2023 (Unaudited) (USD millions) | 3 Months Ended September 30, 2022 (Unaudited) (USD millions) | 9 Months Ended September 30, 2023 (Unaudited) (USD millions) | 9 Months Ended September 30, 2022 (Unaudited) (USD millions) | | :----- | :------------------------------------------------------- | :------------------------------------------------------- | :------------------------------------------------------- | :------------------------------------------------------- | | Revenues | 0.479 | 1.256 | 1.123 | 3.368 | | Cost of revenues | 0.364 | 0.345 | 0.972 | 1.066 | | Gross Profit | 0.115 | 0.911 | 0.151 | 2.302 | | Operating Expenses: | | | | | | Research and development, net | 8.421 | 8.566 | 25.636 | 25.904 | | Sales and marketing | 1.264 | 1.068 | 3.666 | 3.427 | | General and administrative | 1.993 | 2.169 | 5.637 | 6.587 | | Total operating expenses | 11.678 | 11.803 | 34.939 | 35.918 | | Operating loss | (11.563) | (10.892) | (34.788) | (33.616) | | Financial expenses (income), net | 0.134 | (0.959) | (0.573) | (4.233) | | Net loss | (11.697) | (9.933) | (34.215) | (29.383) | | Basic net loss per ordinary share | (0.15) | (0.16) | (0.49) | (0.46) | | Weighted-average number of shares used in computing basic net loss per ordinary share | 77,474,326 | 63,623,063 | 69,975,104 | 63,341,817 | | Diluted net loss per ordinary share | (0.18) | (0.16) | (0.56) | (0.46) | | Weighted-average number of shares used in computing diluted net loss per ordinary share | 67,286,305 | 63,623,063 | 61,452,569 | 63,341,817 | [Consolidated Statements of Cash Flows](index=7&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) Q3 2023 saw **$8.09 million** net cash used in operating activities, with significant cash used in investing and provided by financing for the nine-month period Consolidated Statements of Cash Flows (USD millions) | --- | --- | --- | --- | --- | | Cash flows from operating activities: | 3 Months Ended September 30, 2023 (Unaudited) (USD millions) | 3 Months Ended September 30, 2022 (Unaudited) (USD millions) | 9 Months Ended September 30, 2023 (Unaudited) (USD millions) | 9 Months Ended September 30, 2022 (Unaudited) (USD millions) | | :------------------------------------ | :------------------------------------------------------- | :------------------------------------------------------- | :------------------------------------------------------- | :------------------------------------------------------- | | Net Loss | (11.697) | (9.933) | (34.215) | (29.383) | | Net cash used in operating activities | (8.089) | (8.079) | (28.467) | (31.651) | | Cash flows from investing activities: | | | | | | Change in bank deposits | (0.013) | - | (25.215) | (0.400) | | Purchase of property and equipment | (0.071) | (0.051) | (0.190) | (0.576) | | Net cash provided by investing activities | (0.084) | (0.051) | (25.405) | (0.976) | | Cash flows from financing activities: | | | | | | Proceeds from issuance of ordinary shares, net of issuance costs | - | - | 22.496 | - | | Proceeds from exercise of options | 0.097 | 0.049 | 0.703 | 0.264 | | Net cash provided (used in) by financing activities | 0.097 | 0.049 | 23.199 | (4.954) | | Effect of exchange rate fluctuations on cash and cash equivalent | (0.655) | - | (0.721) | - | | decrease (Increase) in cash, cash equivalents and restricted cash | (7.420) | (8.081) | (29.952) | (37.581) | | Cash, cash equivalents and restricted cash at the beginning of period | 31.718 | 71.436 | 54.315 | 100.936 | | Cash, cash equivalents and restricted cash at the end of period | 23.642 | 63.355 | 23.642 | 63.355 | [Reconciliation of Non-GAAP Measures](index=8&type=section&id=RECONCILIATION%20OF%20GAAP%20NET%20LOSS%20TO%20NON-GAAP%20NET%20LOSS) Arbe reconciled **Q3 2023** GAAP net loss of **$11.70 million** to a non-GAAP net loss of **$8.06 million**, with Adjusted EBITDA loss improving to **$7.54 million** Reconciliation of GAAP Net Loss to Non-GAAP Net Loss (USD millions) | --- | --- | --- | --- | --- | | | 3 Months Ended September 30, 2023 (USD millions) | 3 Months Ended September 30, 2022 (USD millions) | 9 Months Ended September 30, 2023 (USD millions) | 9 Months Ended September 30, 2022 (USD millions) | | :----- | :----------------------------------------------- | :----------------------------------------------- | :----------------------------------------------- | :----------------------------------------------- | | GAAP net loss attributable to ordinary shareholders | (11.697) | (9.933) | (34.215) | (29.383) | | Add: | | | | | | Stock-based compensation | 3.707 | 2.240 | 9.428 | 6.377 | | Warrants to service providers | 0.178 | 0.106 | 0.432 | 0.272 | | Revaluation of warrants and accretion | (0.252) | 0.387 | (0.490) | (4.761) | | Non-recurring expenses | - | - | 0.214 | 0.130 | | Non-GAAP net loss | (8.064) | (7.200) | (24.631) | (27.365) | | Basic Non-GAAP net loss per ordinary share | (0.10) | (0.11) | (0.35) | (0.43) | | Weighted-average number of shares used in computing basic Non-GAAP net loss per ordinary share | 77,474,326 | 63,623,063 | 69,975,104 | 63,341,817 | | Diluted Non-GAAP net loss per ordinary share | (0.12) | (0.11) | (0.56) | (0.46) | | Weighted-average number of shares used in computing diluted Non-GAAP net loss per ordinary share | 67,286,305 | 63,623,063 | 61,452,569 | 63,341,817 | Reconciliation of GAAP Net Loss to Adjusted EBITDA (USD millions) | --- | --- | --- | --- | --- | | | 2023 (USD millions) | 2022 (USD millions) | 2023 (USD millions) | 2022 (USD millions) | | :----- | :---------------- | :---------------- | :---------------- | :---------------- | | GAAP net loss attributable to ordinary shareholders | (11.697) | (9.933) | (34.215) | (29.383) | | Add: | | | | | | Financial expenses (income), net | 0.134 | (0.959) | (0.573) | (4.233) | | Depreciation | 0.139 | 0.132 | 0.415 | 0.349 | | Stock-based compensation | 3.707 | 2.240 | 9.428 | 6.377 | | Warrants to service providers | 0.178 | 0.106 | 0.432 | 0.272 | | Non-recurring expenses | - | - | 0.214 | 0.130 | | Adjusted EBITDA | (7.539) | (8.414) | (24.299) | (26.488) |

Arbe Robotics Ltd. (NASDAQ:ARBE) Q2 2023 Results Conference Call August 9, 2023 8:30 AM ET Company Participants Miri Segal - Chief Executive Officer of MS-IR Kobi Marenko - Co-Founder and Chief Executive Officer Karine Pinto-Flomenboim - Chief Financial Officer Conference Call Participants Gary Mobley - Wells Fargo Jaime Perez - RF Lafferty Matthew Galinko - Maxim Group Suji Desilva - ROTH Capital Operator Good day, and welcome to the Arbe Robotics Second Quarter 2023 Earnings Results Conference Call. [Oper ...

[Arbe Q2 2023 Financial Results](index=1&type=section&id=Arbe%20Announces%20Q2%202023%20Financial%20Results) [Key Q2 and Recent Company Highlights](index=1&type=section&id=Key%20Q2%20and%20Recent%20Company%20Highlights) The company secured a major preliminary order, advanced in OEM selection processes, and raised capital for growth - Weifu High-Technology Group placed an **$11.6 million preliminary order** for radar chipsets for 2024 and a **$1 million order** for professional services[2](index=2&type=chunk) - Arbe's chipset is in the final selection stages with **11 premium leading OEMs** across Europe and China for level 2++ / level 3 programs[2](index=2&type=chunk) - Successfully raised **$23 million** from investors to enhance market penetration, R&D, and strengthen the balance sheet[3](index=3&type=chunk)[4](index=4&type=chunk) - The company remains on track to achieve **four customer design wins** by the end of 2023[3](index=3&type=chunk) [Q2 2023 Financial Performance](index=1&type=section&id=Second%20Quarter%202023%20Financial%20Highlights) Q2 2023 saw lower revenue and a net loss, though Adjusted EBITDA loss improved and liquidity remains strong Q2 2023 vs Q2 2022 Financial Summary (in millions USD) | Financial Metric | Q2 2023 | Q2 2022 | Change | | :--- | :--- | :--- | :--- | | Revenues | $0.3M | $1.2M | -77.4% | | Gross Margin | -1.0% | 72.7% | Decrease | | Operating Loss | ($12.6M) | ($12.1M) | Increased Loss | | Net Loss | ($12.6M) | ($11.6M) | Increased Loss | | Adjusted EBITDA | ($8.4M) | ($9.5M) | Reduced Loss | Operating Expenses (in millions USD) | Expense Category | Q2 2023 | Q2 2022 | | :--- | :--- | :--- | | Research and Development | $9.1 | $9.5 | | Sales and Marketing | $1.5 | $1.2 | | General and Administrative | $2.0 | $2.3 | | **Total Operating Expenses** | **$12.6** | **$13.0** | - As of June 30, 2023, Arbe had **$31.6 million in cash and cash equivalents** and **$25.6 million in short-term bank deposits** with no debt[8](index=8&type=chunk) [Full Year 2023 Outlook](index=2&type=section&id=Outlook) The company reiterates its full-year 2023 guidance, targeting four design-ins and projecting revenues of $5-7 million - The primary goal for 2023 is to achieve **4 design-ins** with automakers[9](index=9&type=chunk) Full Year 2023 Guidance | Metric | Outlook Range | | :--- | :--- | | Revenues | $5M - $7M | | Adjusted EBITDA | ($32M) - ($35M) | - Revenues are expected to be heavily weighted towards the end of the year, coinciding with the start of production chip shipments[9](index=9&type=chunk) [Financial Statements](index=4&type=section&id=Financial%20Statements) [Consolidated Balance Sheets](index=4&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS) Total assets and shareholders' equity increased as of June 30, 2023, while total liabilities decreased significantly Consolidated Balance Sheet Summary (U.S. dollars in thousands) | Account | June 30, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$62,540** | **$60,830** | | Cash and cash equivalents | $31,586 | $54,171 | | Short term Bank deposits | $25,602 | $400 | | **Total Liabilities** | **$7,228** | **$12,077** | | **Total Shareholders' Equity** | **$55,312** | **$48,753** | [Consolidated Statements of Operations](index=5&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) The company reported a sharp revenue decline and a wider net loss for the three months ended June 30, 2023 Statement of Operations Summary (U.S. dollars in thousands) | Metric | 3 Months Ended June 30, 2023 | 3 Months Ended June 30, 2022 | | :--- | :--- | :--- | | Revenues | $289 | $1,236 | | Gross Profit (Loss) | ($3) | $899 | | Operating Loss | ($12,586) | ($12,085) | | Net Loss | ($12,611) | ($11,593) | | Basic Net Loss per Share | ($0.19) | ($0.18) | [Consolidated Statements of Cash Flows](index=6&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the first six months of 2023, cash from financing activities offset cash used in operations and investments Statement of Cash Flows Summary - 6 Months Ended June 30 (U.S. dollars in thousands) | Cash Flow Activity | 2023 | 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | ($20,379) | ($23,572) | | Net cash used in investing activities | ($25,321) | ($926) | | Net cash provided by financing activities | $23,102 | ($5,002) | | **Decrease in cash** | **($22,532)** | **($27,978)** | | **Cash at end of period** | **$31,717** | **$71,436** | [Reconciliation of GAAP to Non-GAAP Financial Measures](index=7&type=section&id=RECONCILIATION%20OF%20GAAP%20NET%20LOSS%20TO%20NON-GAAP%20NET%20LOSS) Adjustments for non-cash items show an improved Non-GAAP Net Loss and Adjusted EBITDA loss compared to the prior year GAAP to Non-GAAP Reconciliation - Q2 2023 vs Q2 2022 (U.S. dollars in thousands) | Metric | Q2 2023 | Q2 2022 | | :--- | :--- | :--- | | **GAAP Net Loss** | **($12,611)** | **($11,593)** | | Stock-based compensation | $3,713 | $2,348 | | Revaluation of warrants | ($369) | ($2,014) | | **Non-GAAP Net Loss** | **($8,896)** | **($11,163)** | | **Adjusted EBITDA** | **($8,363)** | **($9,530)** |

Arbe Robotics Ltd. (NASDAQ:ARBE) Q1 2023 Earnings Conference Call May 17, 2023 8:30 AM ET Company Participants Miri Segal - Chief Executive Officer of MS-IR Kobi Marenko - Co-Founder and Chief Executive Officer Karine Pinto-Flomenboim - Chief Financial Officer Conference Call Participants Gary Mobley - Wells Fargo Securities Joshua Buchalter - TD Cowen Suji Desilva - ROTH MKM Jaime Perez - RFL Matthew Galinko - Maxim Group Operator Good day, and welcome to the Arbe Robotics First Quarter 2023 Conference Cal ...

Radar Revolution. Delivered. Q1 2023 Financial Results Disclaimer v v v This presentation and any statements made at the conference call and webcast referred to in this presentation, contains "forward-looking 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," "proje ...