Arbe Robotics Ltd. reported Q4 2024 revenues of $0.1 million, down from $0.35 million in Q4 2023, and full-year 2024 revenues of $0.8 million, a decrease from $1.5 million in 2023. The company experienced a gross margin loss of $0.2 million in Q4 2024 and a $0.8 million loss for the full year.
Operating expenses for Q4 2024 were $12.6 million, leading to a net loss of $12.2 million for the quarter and $49.3 million for the full year 2024. The adjusted EBITDA loss for Q4 2024 was $9.0 million, with a full-year adjusted EBITDA loss of $33.3 million.
As of December 31, 2024, Arbe had $24.6 million in cash and short-term bank deposits. In January 2025, the company significantly strengthened its balance sheet by raising $33 million from an underwritten registered direct offering and securing $21.5 million from the release of escrowed funds, totaling approximately $70 million in recent capital infusions.
CEO Kobi Marenko stated that the company estimates shipping approximately 5 million imaging radar chipsets by 2030, based on current engagements. This outlook, combined with the recent funding, is expected to enhance financial resilience and accelerate the trajectory toward profitability, despite longer-than-anticipated decision-making processes for automotive platforms.
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