- Arbe Robotics press release ( NASDAQ: ARBE ): Q4 Non-GAAP EPS of -$0.26 misses by $0.13 .
- Revenue of $0.15M (-70.0% Y/Y) misses by $1.8M .
- New orders for the full year 2022 were $1.6 million.
- Backlog as of December 31, 2022, is $0.2 million, not including, the previously announced HiRain preliminary order of 340,000 chipsets.
- Q4 2022 a negative gross margin of 45.8%, compared to a positive gross margin of 37.7% in Q4 2021.
- Management provided an outlook for the full year, the period ending December 31, 2023. Based on current estimates: Our goal for 2023 is to achieve 4 design-ins with automakers. Revenues are expected to be in the range of $5 to $7 million, implying approximately 71% growth over 2022 at the midpoint of the range vs $40.76M consensus. Revenue represents our expectation to full production in Q4 2023, as well as our decision to focus exclusively on production intent chips. Adjusted EBITDA is projected to be in the range of ($32 million) and ($35 million), primarily attributable to revenue growth, the decrease in initial production cost and cost efficiency efforts.
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Arbe Robotics reports Q4 earnings miss; initiates FY23 outlook