Arbe Robotics Stock Price, News & Analysis

Arbe Robotics (NASDAQ: ARBE) (TASE: ARBE), a global leader in Perception Radar Solutions, has announced its Q2 2024 financial results conference call scheduled for August 6, 2024, at 8:30 a.m. Eastern Time. The company will release its financial results before the market opens on the same day. Kobi Marenko, Co-Founder and CEO, and Karine Pinto-Flomenboim, CFO, will be speaking at the event.

Interested parties can access the live call via telephone or webcast. A replay of the conference call will be available until August 20, 2024. Participants are encouraged to pre-register for the call using the provided link, which offers immediate access upon registration.

Arbe Robotics (Nasdaq: ARBE) announced a collaboration with a top European truck manufacturer to integrate its advanced imaging radar technology into the manufacturer's next-generation sensor suite. This partnership aims to enhance truck safety by addressing size and braking challenges while operating under various weather and lighting conditions. Arbe's radar, known for its large channel array, supports Level 4 autonomous driving and provides functionalities such as perception enhancement and free space mapping. Extensive field trials have proven the radar's superiority over lidar and conventional radar. The European manufacturer will now install Arbe's radar in its trucks for the next phase of development.

Arbe Robotics (Nasdaq: ARBE), a leader in Perception Radar solutions, announced that a top ten global OEM has chosen its chipset for developing next-gen imaging radar for serial production. This decision follows extensive technical evaluations and field tests, signaling significant commercial potential and accelerated market entry.

This collaboration is expected to boost Arbe's sales and market share, underpinning its technological leadership. Production preparations will commence immediately, highlighting a important growth milestone for Arbe's radar technology across various vehicle classes.

Arbe Robotics, a global leader in perception radar solutions, announced the issuance of convertible debentures raising approximately $30 million (NIS 110,000,000). The debentures, listed on the Tel Aviv Stock Exchange (TASE) as of June 6, 2024, carry an annual interest rate of 6.5% and mature on May 30, 2028. They are convertible into Arbe's ordinary shares at NIS 9.53 ($2.60) per share. Proceeds are held in escrow and will be released upon meeting specific conditions by March 31, 2025, including being selected as a sole supplier by a major automobile manufacturer and maintaining an average trading price of at least $3.10 on Nasdaq. The deed of trust detailing the debentures' terms will be filed with the U.S. SEC.

Arbe Robotics announced its participation in upcoming investor conferences in June 2024. The company, a leader in perception radar solutions, will join the Maxim Automotive Panel on June 4, 2024, at 11:00 am ET for a virtual discussion titled 'Charting the Course: Navigating the Intersection of TMT and Business in the AI Era'. Additionally, Arbe will attend the ROTH London Conference on June 26, 2024, for in-person meetings. The virtual panel can be accessed live via M-Vest, with a replay available for a time. Investors interested in meetings can contact Arbe's sales team or email investors@arberobotics.com for more information.

Arbe Robotics announced its ordinary shares are now traded on both Nasdaq and Tel Aviv Stock Exchange (TASE). The company's convertible debt offering saw demand reach 230% of the amount offered, mainly from institutional investors. The debentures, set to be traded on TASE from June 3, 2024, bear a 6.5% interest rate and are convertible into shares at NIS 9.53 ($2.6). Arbe expects to raise up to NIS 120 million ($32M) from this offering, contingent on meeting specific conditions by March 31, 2025.

Arbe Robotics (NASDAQ: ARBE) announced its Q1 2024 financial results. Revenues dropped to $0.1 million from $0.4 million in Q1 2023. The company reported a negative gross margin of 194%, down from a positive 11% last year. Operating expenses increased to $12.5 million, leading to an operating loss of $12.8 million and a net loss of $12.8 million. The company ended Q1 2024 with $5.4 million in cash and $30.3 million in short-term deposits. Major highlights include collaboration with leading OEMs, integration with NVIDIA's Omniverse Cloud APIs, and progress towards dual listing on the Tel Aviv Stock Exchange.

The company expects 2024 revenues to be similar to 2023, with growth anticipated in 2025 as they ramp up production. The adjusted EBITDA loss for 2024 is projected to be between $30 million and $36 million.

Arbe Robotics (Nasdaq: ARBE), a leader in Perception Radar solutions, will participate in the Oppenheimer 9th Annual Emerging Growth Conference on May 9, 2024, with CEO Kobi Marenko and CFO Karine Pinto-Flomenboim attending virtually. The company will engage in one-on-one investor meetings during the event.

Arbe Robotics (Nasdaq: ARBE) will announce its Q1 2024 financial results on May 22, 2024, holding a conference call with key executives including Co-Founder and CEO Kobi Marenko. Participants can pre-register for the call and access it via telephone or webcast.