Arbe Robotics beats top-line and bottom-line estimates; reaffirms FY24 outlook

seekingalpha08-06

Arbe Robotics press release (NASDAQ:ARBE): Q2 Non-GAAP EPS of -$0.09 beats by $0.04. Revenue of $0.4M (+37.9% Y/Y) beats by $0.1M. Adjusted EBITDA, a non-GAAP measurement which excludes expenses for...

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Revenue of $0.4M (+37.9% Y/Y)  beats by $0.1M. Adjusted EBITDA, a non-GAAP measurement which excludes expenses for...</p>\n\n<a href=\"https://seekingalpha.com/news/4134753-arbe-robotics-beats-top-line-and-bottom-line-estimates-reaffirms-fy24-outlook\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4157","symbol_name":"电子设备和仪器","start_time":0,"source_url":"https://seekingalpha.com/news/4134753-arbe-robotics-beats-top-line-and-bottom-line-estimates-reaffirms-fy24-outlook","article_id":"2457048514","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457048514","pubTimestamp":1722943822,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Arbe Robotics press release (NASDAQ:ARBE): Q2 Non-GAAP EPS of -$0.09  beats by $0.04. Revenue of $0.4M (+37.9% Y/Y)  beats by $0.1M. 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Outlook  \"Our goal of achieving 4 design-ins with automakers remains unchanged, as we observe continued strong interest in our market-leading offering. We have strengthened our position in all our RFQ engagements, even though the OEMs have shifted their decision timelines from late 2023 to 2024.\" The 2024 annual revenues are expected to be in line with those of 2023 vs. $1.48M consensus, followed by revenue growth in 2025. These revenue projections are based on our expectation that we will be in full production in the second half of 2024, as well as our decision to exclusively focus on getting our chipset into production. \"We are committed to maintaining a strong and well-managed balance sheet, focusing on cost-effectiveness and the ability to fund our revenue growth. 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