Financial Performance - The company reported a net loss of 916,753 in Q1 2024[118]. - General and administrative expenses rose to 916,249 in Q1 2024, primarily due to increased salaries and wages[118]. - Salaries and wages increased by 295,368, reflecting an increase of 129,318 at the end of the previous fiscal year[124]. - Net cash provided by financing activities was $715,553 in Q1 2025, primarily from new equity issuances and crowdfunding[130]. Business Development - The company installed third-generation Arrive Points ("AP3" units) in Q4 2024, which began revenue operations in 2025[107]. - The company plans to leverage machine learning and artificial intelligence for data monetization, enhancing operational efficiencies[108][109]. - The company has secured pilot programs with significant customers, indicating early market penetration and validation of its business model[112]. Market Activity - The S-1 Registration Statement was declared effective on May 13, 2025, registering 29,978,212 shares of common stock[113]. - The company's common stock began trading on the Nasdaq Global Market under the ticker "ARAI" on May 15, 2025[114].
Arrive AI Inc(ARAI) - 2025 Q1 - Quarterly Report