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Arbe Robotics reports Q4 EPS (15c) vs. (12c) last year

Arbe Robotics reports Q4 EPS (15c) vs. (12c) last year

Reports Q4 revenue $100,000 vs. 350,000 last year. “We are excited about the progress we have made in product development and the strong industry relationships we have built in 2024,” said Kobi Marenko, Chief Executive Officer. “It is now evident that hands-free, eyes-off driving requires imaging radar capabilities that we believe only Arbe and a select few other companies can provide. While the decision-making process and development timelines have taken longer than initially anticipated, we have not received negative responses or missed any opportunities, and the total addressable market continues to expand. Based on our current engagements and our ability to secure and execute contracts with leading OEMs, we estimate that by 2030, we should be able to ship approximately 5 million imaging radar chipsets to our customers.

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