Arbe Robotics reports Q2 EPS (9c) vs. (19c) last year

Reports Q2 revenue $274,000 vs. $409,000 last year. “We are pleased with our ongoing momentum in the quarter, and we are advancing in-line with our plans in Europe and the rest of the world,” said Kobi Marenko, CEO of Arbe. “In particular, we have made solid progress with customer RFQ selections. We have successfully demonstrated our technological advantages and are entering the final rounds with only a few competitors remaining. While the selection timing is not in our control, we aim to win 4 OEM production programs within the coming year.”