Arbe Robotics ( (ARBE) ) has shared an announcement.
Arbe Robotics Ltd. announced its financial results for the fourth quarter and full year ending December 31, 2024, highlighting successful fundraising efforts that raised approximately $70 million. The company experienced a significant increase in OEM engagements and collaborations with industry leaders like NVIDIA and Horizon Robotics, despite reporting a net loss of $49.3 million for 2024. Arbe’s radar technology continues to attract interest from the automotive industry, and the company aims to ship around 5 million imaging radar chipsets by 2030. The recent capital raise is expected to enhance Arbe’s financial resilience and support its growth trajectory, with projected 2025 revenues between $2 million and $5 million.
More about Arbe Robotics
Arbe Robotics Ltd. is a global leader in Perception Radar solutions, focusing on advanced radar technology for the automotive industry. The company is actively engaged with numerous OEMs and is expanding its market presence by integrating its radar chipsets into various automotive applications.
YTD Price Performance: -18.63%
Average Trading Volume: 10,108,041
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $158.4M
For a thorough assessment of ARBE stock, go to TipRanks’ Stock Analysis page.