Arbe Robotics reports Q3 non-GAAP EPS (13c) vs. (12c) last year

Reports Q3 revenue $123,000 vs. $479,000 last year. As of September 30, Arbe had $19.1M in cash and cash equivalents. “This quarter, we made significant progress in testing and deliveries for leading European OEMs,” said Kobi Marenko, CEO. “While the selection process has taken longer than anticipated, we remain on track toward achieving our design-in objectives. We are proud to have completed a public offering, welcoming both new and existing investors. This investment demonstrates their confidence in our progress and long-term vision. In Q3, we achieved important milestones with our Tier-1s HiRain and Sensrad. With HiRain, we are enhancing global automotive safety by providing radar capabilities traditionally associated with other sensor technologies. Sensrad’s recent agreement underscores the growing demand for advanced innovative radar solutions across industries beyond automotive.”