Arbe Robotics Ltd. ( (ARBE) ) has released its Q4 earnings. Here is a breakdown of the information Arbe Robotics Ltd. presented to its investors.
Arbe Robotics Ltd., a global leader in Perception Radar solutions, is revolutionizing the automotive radar industry with its advanced radar technology, headquartered in Tel Aviv, Israel.
In its latest earnings report, Arbe Robotics announced its financial results for the fourth quarter and full year of 2024, highlighting a successful capital raise of approximately $70 million aimed at strengthening its financial position and supporting long-term stability.
The company reported a decrease in revenues for both the fourth quarter and full year of 2024 compared to the previous year, with Q4 revenues at $0.1 million and full-year revenues at $0.8 million. Despite the revenue decline, Arbe has made significant strides in customer engagements, with its radar chipset being chosen by a top global OEM and collaborations with industry leaders like NVIDIA and Horizon Robotics. Operating expenses increased due to non-cash share-based compensation and production ramp-up costs, leading to a net loss of $49.3 million for the year.
Looking ahead, Arbe remains optimistic about its market potential, with expectations of annual revenues between $2 million and $5 million in 2025, weighted towards the end of the year. The company continues to focus on advancing its radar technology and securing design-ins with automakers, aiming to ship approximately 5 million imaging radar chipsets by 2030.