Welcome to our dedicated page for Arbe Robotics news (Ticker: ARBE), a resource for investors and traders seeking the latest updates and insights on Arbe Robotics stock.
Arbe Robotics Ltd. (ARBE) delivers breakthrough 4D imaging radar systems that redefine vehicle perception for autonomous driving and advanced safety solutions. This news hub provides investors and industry professionals with authoritative updates on Arbe's technological advancements, strategic partnerships, and market developments.
Access real-time press releases covering product innovations, OEM collaborations, financial disclosures, and regulatory milestones. Our curated collection ensures you stay informed about critical developments in radar resolution improvements, ADAS integration projects, and global expansion efforts.
Key updates include earnings reports, technology patent announcements, manufacturing partnerships, and industry recognition awards. Bookmark this page for direct access to Arbe's official communications, enabling informed analysis of their position in the competitive automotive sensor market.
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.
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