Q3 2024 Arbe Robotics Ltd Earnings Call Transcript

Nov 27, 2024 / 01:30 PM GMT

Transcript

Key Points

Positve

Arbe Robotics Ltd (ARBE) secured two key customers for the development of its imaging radar, including a top 10 OEM and a well-known European truck manufacturer.
The company successfully began trading on the Tel Aviv Stock Exchange and raised $30 million through a convertible bond offering.
Arbe Robotics Ltd (ARBE) reported a decrease in operating expenses from $12.6 million in Q2 2023 to $11.6 million in Q2 2024.
The company is actively engaged in obtaining full design-ins with leading global automakers, expecting decisions in the coming months.
Arbe Robotics Ltd (ARBE) has strengthened its positioning in RFQ engagements, with expectations of revenue growth in 2025.

Negative

Total revenue for Q2 2024 was only $0.4 million, a marginal increase from $0.3 million in Q2 2023.
The company reported a negative gross margin of 9.5% in Q2 2024, worsening from a negative gross margin of 1% in Q2 2023.
Net loss in Q2 2024 was $11.8 million, only a slight improvement from a net loss of $12.6 million in Q2 2023.
The OEM decision timelines have shifted from late 2023 to 2024, potentially delaying expected revenues.
Adjusted EBITDA for 2024 is projected to be a loss between $30 million and $36 million, indicating continued financial challenges.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ARBE.OQ - Arbe Robotics Ltd
Q3 2024 Arbe Robotics Ltd Earnings Call
Nov 27, 2024 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the RB Robotics second quarter, 2024 financial results conference call. All participants will be in listen-only mode. Should you need assistance? Please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions to ask a question. You may press star then one on your touchtone phone to withdraw your question. Please press star. Then two.

Please note this event is being recorded.

I would now like to turn the conference over to Miri Segal CEO of M SI R. Please go ahead.

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Unidentified_2 [2]
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