The chart below shows how ARBE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ARBE sees a +1.33% change in stock price 10 days leading up to the earnings, and a +2.52% change 10 days following the report. On the earnings day itself, the stock moves by -6.22%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Decline Q3: Total revenue in the third quarter was $0.1 million, a decrease from $0.5 million in Q3 2023.
Backlog Revenue Recognition: Backlog as of September 30 was $0.3 million and is expected to be recognized as revenue in the next upcoming quarters.
Public Offering Success: We successfully completed a public offering of up to $49 million earlier this month, with $15 million received upfront.
Strengthened RSQ Positioning: We are pleased to report that we have strengthened our positioning in all our RSQ engagements, even though the OEMs have shifted their decision timelines from late '23 to '24.
Funding Progress Towards Production: We believe these funding marks are an important step as we move closer to production and aim to be cash flow positive in 2027.
Negative
Revenue Decline Q3: Total revenue in the third quarter was $0.1 million, a decrease from $0.5 million in Q3 2023.
Future Revenue Recognition: Backlog as of September 30 was $0.3 million and is expected to be recognized as revenue in the next coming quarters.
Declining Gross Margin: Negative gross margin for Q3 2024 was $0.3 million compared to a positive gross margin of $0.1 million or 24% in Q3 2023.
Operating Expenses Comparison: Total operating expenses in Q3 2024 were reported at $12.2 million compared to $11.7 million in Q3 2023.
Operating Loss Increase: Operating loss in the third quarter of 2024 was $12.4 million, an increase from $11.6 million operating loss in the third quarter of 2023.
Arbe Robotics Ltd. (ARBE) Q3 2024 Earnings Call Transcript
ARBE.O
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