ARBE - Arbe Robotics reports mixed Q3 earnings; narrows FY22 guidance
- Arbe Robotics press release ( NASDAQ: ARBE ): Q3 Non-GAAP EPS of -$0.11 beats by $0.04 .
- Revenue of $1.26M (+100.0% Y/Y) misses by $1.26M .
- Backlog as of September 30, 2022, was $0.3M.
- Gross margin in Q3 2022 was 72.5%, compared to 30.3% in Q3 2021.
- The company revises its expectation for 2022 revenue to be in the range of $4 million to $7 million, compared to a prior range of $7 million to $11 million vs. consensus of $9.34M. At this stage, our revenues are based mainly on samples sales that can shift between quarters. Adjusted EBITDA remains in the range of $34 million loss to $38 million loss.
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Arbe Robotics reports mixed Q3 earnings; narrows FY22 guidance