#Israel #Tel Aviv #Arbe Robotics #Perception Radar #Kobi Marenko

Arbe Robotics Announces Financial Results for Q4 2024

On March 5, 2025, Arbe Robotics Ltd. (NASDAQ: ARBE), a leader in Perception Radar technologies, disclosed its financial results for the fourth quarter and the entire year closing December 31, 2024. The report indicates significant strategic advancements, particularly in fundraising and customer engagement, marking a critical period of growth for the company.

Key Financial Highlights

For Q4 2024, Arbe recorded revenues of only $0.1 million, declining from $0.35 million in the same quarter of the previous year. Its annual revenue mirrored this downturn, totaling $0.8 million down from $1.5 million in 2023. The company's backlog stood at $0.3 million as of the end of the year. In terms of financial losses, Arbe reported a net loss of $12.2 million for Q4, a significant increase from the $9.3 million loss during Q4 2023, and an annual loss of $49.3 million compared to the previous year's loss of $43.5 million. Operational expenses surged to $12.6 million in Q4 2024, mainly driven by increased non-cash share-based compensation costs.

Successful Fundraising Efforts

A pivotal moment for Arbe occurred through their successful capital raises, totaling approximately $70 million. Key fundraising initiatives included a $33 million registered direct offering completed in January 2025 and $21.5 million from the release of funds linked to convertible bonds issued on the Tel Aviv Stock Exchange (TASE) in 2024. Following these initiatives, the company’s cash and equivalents reached $24.6 million by December 31, 2024, with a further cash infusion of $54.5 million in January 2025—an indication of robust investor confidence in Arbe's potential within the rapidly growing automotive radar sector.

Expanding Customer Engagement

Arbe saw a notable uptick in its interactions with original equipment manufacturers (OEMs) throughout 2024, now collaborating with 15 OEMs, of which 11 progressed to the bidding stages and 8 entered advanced perception project phases. A highlighted success includes Arbe’s selection by a leading global OEM for their next-generation imaging radar, demonstrating Arbe's pivotal role in the future of automotive safety and automation.

In collaboration with prominent entities like NVIDIA, Arbe aims to enhance radar-based free space mapping. The showcased integration of Arbe’s technology with NVIDIA’s platforms at CES 2025 emphasizes the advanced capabilities being developed.

Looking Forward

CEO Kobi Marenko expressed enthusiasm about Arbe's advancements in product development, stating, “While timelines have extended, we remain committed to our vision and strategy, as the demand for imaging radar capabilities continues to grow. We anticipate shipping around 5 million imaging radar chipsets by 2030.” He also reflected on investor relations, underlining the increased trust from investors, including AWM Special Situations Fund, which has supported Arbe through multiple funding rounds.

As Arbe positions itself for a more prominent role in the automotive sector, the projections for 2025 revenues are between $2 million and $5 million, with an expected adjusted EBITDA loss of between $29 million and $35 million.

Upcoming Conference Call

To discuss these findings in detail, Arbe will hold a conference call today at 8:30 AM ET featuring CEO Kobi Marenko and CFO Karine Pinto-Flomenboim. Interested parties can register through the provided link to join the call.

In summary, Arbe Robotics’ Q4 and full-year results highlight a period of both challenges and significant strategic growth, laying a promising foundation as the company works to solidify its presence in the autonomous vehicle market.

About Arbe

Founded in Tel Aviv, Israel, Arbe Robotics specializes in advanced radar technology, crucial for the development of L2+ autonomous driving systems. The firm’s technology stands heads and shoulders above competitors, equipping vehicles with high-resolution imaging capabilities necessary for today’s evolving automotive landscape, making it a significant contender in the industry’s future developments.