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Arbe Robotics (ARBE)
NASDAQ:ARBE
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.13Last Year’s EPS
-$0.15Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 27, 2024
|% Change Since: -10.47%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
Arbe Robotics showed promising engagement with OEMs and success in securing funding, as well as expanding into non-automotive markets. However, there were significant financial challenges such as revenue decline, increased losses, and negative gross margin. The highlights and lowlights are relatively balanced, indicating a cautious outlook.Company Guidance
In the earnings call for Q3 2024, Arbe Robotics provided guidance indicating steady developments and future projections. The company reported revenue of $0.1 million for the quarter, a decrease from $0.5 million in Q3 2023, with a backlog of $0.3 million poised to convert to revenue in upcoming quarters. The negative gross margin of $0.3 million contrasted with a positive 24% gross margin in the previous year. Operating expenses rose to $12.2 million from $11.7 million in Q3 2023, with an operating loss of $12.4 million and a net loss of $12.6 million. Despite these losses, Arbe emphasized significant engagement with 16 OEMs and anticipated revenue growth in 2025 as full production of their chipset is expected to commence in the second half of 2024. The company completed a public offering, securing $49 million to support production ramp-up, and aims to be cash flow positive by 2027. Adjusted EBITDA for 2024 is projected between a $30 million to $36 million loss, as Arbe remains committed to expanding its market presence and leveraging its technological advancements in imaging radar for both automotive and non-automotive applications.Increased OEM Engagement
Arbe worked with 16 OEMs this quarter, with 12 advancing to the big stage and 8 entering the advanced perception project phase, indicating significant OEM engagement and potential future growth.
Public Offering Success
Arbe completed a public offering of up to $49 million, with $15 million received upfront and an additional $34 million subject to cash exercise of long-term warrants, providing necessary funding for production ramp-up in 2025.
Expansion into Non-Auto Markets
Increased interest in Arbe's radar technology for new markets such as infrastructure, surveillance, and transportation, potentially expanding the total addressable market.
Partnership with Sensrad
Sensrad will provide 4D imaging radar powered by Arbe's chipset to Tianyi Transportation Technology in China, highlighting the demand for advanced radar solutions outside the automotive industry.
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ARBE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ARBE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 27, 2024 | $1.91 | $1.78 | -6.81% |
| Aug 06, 2024 | $2.15 | $2.06 | -4.19% |
| May 22, 2024 | $1.78 | $1.69 | -5.06% |
| Mar 07, 2024 | $1.94 | $1.56 | -19.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Arbe Robotics (ARBE) report earnings?
Arbe Robotics (ARBE) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Arbe Robotics (ARBE) earnings time?
Arbe Robotics (ARBE) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ARBE EPS forecast?
ARBE EPS forecast for the fiscal quarter 2024 (Q4) is -$0.13.
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