Core Insights - Arbe Robotics has partnered with Sensrad to provide the Hugin D1 radar for WATCHIT's collision prevention system for recreational boats, marking a significant advancement in maritime safety technology [1][4][5] Company Overview - Arbe Robotics is a global leader in ultra-high-resolution radar solutions, offering a chipset that delivers up to 100 times more detail than traditional radar systems, enabling advanced safety features in various vehicle segments [5] - Sensrad, a Tier-1 radar supplier based in Sweden, has developed the Hugin D1 radar, which is versatile and customizable for multiple industries, including boating and robotics [3][5] Product Development - The Hugin D1 radar was selected after a six-month evaluation by WATCHIT, emphasizing its reliability and precision in diverse weather and lighting conditions [2][3] - The radar system is inspired by automotive safety technology, utilizing proximity sensing and marine AI to autonomously assess risks [3] Strategic Collaborations - The collaboration between Arbe and Sensrad is pivotal in delivering advanced imaging radar solutions to the boating industry, enhancing safety and perception for recreational boating [4][5] - Sensrad has placed a significant order for Arbe chipsets to be used in various programs, including initiatives in autonomous vehicles and defense projects [4]

Core Insights - Arbe Robotics Ltd. has signed a support and maintenance agreement with Sensrad for its high-resolution 4D Imaging Radar program, which utilizes Arbe's advanced chipset technology [3][4][5] - Sensrad has placed a significant purchase order for Arbe chipsets, indicating a commitment to expand radar adoption in various sectors, including defense and transportation [2][5] - The agreement includes comprehensive support services from Arbe, aimed at ensuring optimal performance and reliability of the radar systems [4][5] Group 1 - Arbe is recognized as a global leader in perception radar solutions, with technology that is 100 times more detailed than competitors, crucial for advanced driver-assist systems and autonomous driving [6] - The collaboration with Sensrad is expected to enhance the delivery of advanced radar solutions to the market, reflecting the growing maturity of commercial engagements in the radar sector [5] - Sensrad's initiatives include projects for autonomous off-road vehicles and intelligent road infrastructure, showcasing a diversification beyond traditional automotive markets [2][5] Group 2 - The support and maintenance agreement will involve services such as design review, system debugging, calibration support, and software updates, ensuring compliance with international standards [4] - Arbe's customer success and engineering teams will work closely with Sensrad to maximize the performance and efficiency of radar systems [4] - The partnership is positioned to accelerate product development and maintain high-quality performance in radar technology [5]

Financial Data and Key Metrics Changes - Total revenue in Q4 2024 was $0.1 million, down from $0.35 million in Q4 2023. For the full year 2024, total revenue was $0.8 million compared to $1.5 million in 2023 [17] - Gross margin loss for Q4 2024 was $0.2 million, consistent with Q4 2023. The full year gross margin loss for 2024 was $0.8 million compared to a break-even gross margin in 2023 [18] - Operating loss for Q4 2024 was $12.8 million, compared to a loss of $12.1 million in Q4 2023. The full year operating loss totaled $49.7 million, up from $46.9 million in 2023 [21] - Net loss in Q4 2024 was $12.2 million, compared to a net loss of $9.3 million in Q4 2023. The full year net loss for 2024 was $49.3 million, compared to a loss of $43.5 million in 2023 [21] Business Line Data and Key Metrics Changes - The company reported a backlog of $0.3 million as of December 31, 2024 [18] - R&D expenses for Q4 2024 were $9 million, up from $8.4 million in Q4 2023. Full year R&D expenses were $35.1 million compared to $34.1 million in 2023 [20] Market Data and Key Metrics Changes - The company highlighted significant opportunities in the non-automotive market, particularly through collaborations with companies like Sensrad and Tianyi Transportation Technology [12] - The company anticipates shipping around 5 million imaging radar chipsets by 2030 based on current engagements [13] Company Strategy and Development Direction - The company is focused on advancing radar technology and has established collaborations with major players like NVIDIA and HiRain Technologies to enhance vehicle safety and autonomy [7][8] - The company aims to pursue four design-ins with automakers in 2025, with projected annual revenue expected to be between $2 million and $5 million, weighted towards the end of the year [25] Management's Comments on Operating Environment and Future Outlook - Management noted that while broader economic shifts have led to delays in automakers' rollout of advanced driver assist systems, the total addressable market continues to expand [24] - The company expressed confidence in its market potential, supported by recent fundraising initiatives totaling nearly $17 million [15] Other Important Information - As of December 31, 2024, the company had $24.6 million in cash and equivalents. Following a recent fundraising round, the current cash balance is approximately $73 million [23][35] Q&A Session Summary Question: What programs are expected to drive $1 million-plus revenue quarters towards the end of 2025? - Management identified three leading projects in final stages: Tianyi (non-automotive), trucks in Europe, and a project with HiRain for a Chinese car manufacturer, expecting to start shipping chips upon full production [31] Question: What is the current cash balance and share count post-fundraising? - The current cash balance is above $70 million, approximately $73 million, with a share count of 85.7 million [35][38] Question: Can you provide an update on the China EV market opportunity? - The company noted that Chinese car manufacturers are focusing on launching self-driving services and are looking for radar solutions to enhance their capabilities [39] Question: What is the status of discussions with OEMs? - Management indicated that evaluations with OEMs are in final stages, with the company shortlisted against one or two competitors, highlighting advantages in performance and pricing [45] Question: What is the outlook for operating expenses over the next few years? - The company expects operating expenses to remain similar in the next couple of years, with additional investments in next-generation technologies projected to increase expenses by $5 million to $15 million [47]

Financial Data and Key Metrics Changes - Total revenue in Q4 2024 was $0.1 million, a decrease from $0.35 million in Q4 2023. For the full year 2024, total revenue was $0.8 million compared to $1.5 million in 2023 [17] - Gross margin loss for Q4 2024 was $0.2 million, consistent with Q4 2023. The full year gross margin loss for 2024 was $0.8 million compared to a break-even gross margin in 2023 [18] - Operating loss for Q4 2024 was $12.8 million, compared to a loss of $12.1 million in Q4 2023. The full year operating loss totaled $49.7 million, up from $46.9 million in 2023 [21] - Net loss in Q4 2024 was $12.2 million, compared to a net loss of $9.3 million in Q4 2023. The full year net loss for 2024 was $49.3 million, compared to a loss of $43.5 million in 2023 [21] Business Line Data and Key Metrics Changes - The company reported a backlog of $0.3 million as of December 31, 2024 [18] - R&D expenses for Q4 2024 were $9 million, up from $8.4 million in Q4 2023. For the full year, R&D expenses totaled $35.1 million compared to $34.1 million in 2023 [20] Market Data and Key Metrics Changes - The company highlighted significant opportunities for growth in the non-automotive market, particularly through collaborations with key partners [12] - The company expects to ship around 5 million imaging radar chipsets to customers by 2030 based on current engagements [13] Company Strategy and Development Direction - The company is focused on driving radar technology evolution and enhancing customer relationships, with a commitment to innovation [5][6] - Collaborations with major players like NVIDIA and partnerships with top global auto OEMs are central to the company's strategy [7][8] - The company aims to pursue four design-ins with automakers in 2025, with projected annual revenue between $2 million to $5 million [24] Management's Comments on Operating Environment and Future Outlook - Management noted that while broader economic shifts have led to delays in automakers' rollout of advanced driver assist systems, the total addressable market continues to expand [24] - The company remains optimistic about its market potential, supported by recent fundraising initiatives totaling nearly $17 million [15][23] Other Important Information - The company raised gross proceeds of $54.5 million in January 2025, enhancing its financial stability [23] - The company maintains a strong focus on R&D to ensure continuous innovation and technological advancements [20] Q&A Session Summary Question: What programs are expected to drive $1 million-plus revenue quarters towards the end of 2025? - Management identified three leading projects in final stages: Tianyi (non-automotive), trucks in Europe, and a collaboration with HiRain for a Chinese car manufacturer [31] Question: What is the current cash balance and share count post-fundraising? - The current cash balance is approximately $73 million, with a share count of 85.7 million [35][38] Question: Can you provide an update on the China EV market opportunity? - The company noted that Chinese car manufacturers are focusing on launching self-driving services and are looking for radar solutions to enhance their offerings [39] Question: What is the status of discussions with OEMs? - Management indicated that evaluations with OEMs are in final stages, with the company shortlisted against one or two competitors [44] Question: What is the expected operating expense trajectory over the next few years? - The company expects operating expenses to remain similar over the next few years, with additional investments in next-generation technologies [47]