Arbe, Israel works with 12 out of the 15 OEMs across the globe for radar solutions

Arbe Robotics (“Arbe”), a global leader in Perception Radar Solutions, announced financial results for its fourth quarter and full year, that ended on December 31, 2022.

Key Q4 and 2022 Company Highlights:

Over the past year, Arbe has made significant progress in the development of its next generation Perception Radar technology, which has been validated for its performance. This technology will play an integral role in the sensor suite of Level 2+ driving systems, which are projected to be the next mass market.

  • In 2022, Arbe actively worked with 12 out of the 15 automakers across the globe. This involved conducting field trials, participating in RFI and RFQ (request for proposal and quote) bids, and demonstrating the crucial significance of our Perception Radar for Level 2+ driver assist.
  • Veoneer, a world leader in automotive safety, selected Arbe for their next generation radars. Veoneer is a Tier 1 supplier to global automakers, producing more than 50 million radars , and it has forecasted its growth to roughly 250 million per year by the end of the decade.
  • HiRain Technologies, a Chinese ADAS Tier 1 supplier, issued a preliminary order for 340,000 radar chipsets, a first mass production for Arbe.
  • In Q4, Arbe reached an important milestone, completing the chipset mass production line with Global Foundries in Vermont USA. Arbe’s three chips are now going through the AEC-Q100 qualification process, on schedule to commence mass production in Q4 2023.
  • Arbe’s Tier 1 partners, including Valeo, Veoneer, HiRain and Weifu, who work with automakers, have made considerable financial investments, and deployed dedicated sizable teams to develop radar systems based on the cutting-edge Arbe chipset.
  • Arbe has successfully obtained the Japanese Telecommunication and Radio Certification for its mass production RF chipset which will enable Arbe to leverage significant new market opportunities.
  • Arbe has joined a development project with a automotive company and is conducting pilot programs with automakers and Tier 1s in Japan.
  • Arbe launched its 360° Perception Solution, offering first-to-market, AI-based, integrated analysis of vehicle surroundings leveraging radar-based data only. The solution provides the highest levels of safety in all weather and lighting conditions and at long range, making it a critical and reliable solution for complementing optical sensors.
  • At the CES tradeshow in Las Vegas, Arbe ramped up customer engagement and secured the necessary budgets for joint development of products based on Arbe’s chipset throughout 2023.
  • Arbe won the CES Innovation Award, in the category of Vehicle Intelligence & Transportation for its 360° Radar-Based Perception Solution.

“Throughout the year, our primary focus was on integrating our technology with automakers to highlight the pivotal role of our radar technology in Level 2+ driver assist solutions. We remained committed to developing innovations, to forging stronger collaboration with our Tier 1 partners, and to executing on Arbe’s strategy to enter the commercial stage.” said Kobi Marenko, Chief Executive Officer. “Our Tier 1 partners are making significant investments to secure a timely path to production. Arbe recently achieved certification of its RF chipset for the Japanese market and have already begun a development project with a Japanese automotive company as well as field trials with Tier 1s and automakers in the region, opening a new, important market for our company.”

“We are pleased with the progress we made in 2022, as we have reached an exciting milestone, transitioning from the proof-of-concept phase to the production stage, where we can deliver our advanced solution to the market. As we continue to gain significant momentum and see increased demand from industry leaders, we believe that Arbe is well-positioned for growth in the coming years.” Marenko concluded.

Fourth Quarter and Full Year 2022 Financial Highlights

As we progress with our strategy, we are shifting our focus on to chips for production. As a result, we have reduced our focus on selling engineering samples during Q4. This transition will streamline our operations and provide cost savings, as we work to adjust our processes and ramp up production accordingly. We believe that these decisions will enable us to better serve our customers and drive innovation forward.

Revenues for Q4 2022 were $0.15 million, compared to $0.5 million in Q4 2021. Full year 2022 revenues were $3.5 million, an increase from $2.2 million in 2021. 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. Q4 2022 negative gross margin was as a result of our reduced quarterly revenue, as we transition to mass production. Gross margin for the full year of 2022 was 63.5% compared to 36.0% in 2021. Year over year gross margin improvement was primarily related to economy of scale, revenue mix and lower cost per unit as we progress toward production.

Operating expenses in Q4 2022 were $14.0 million, compared to $14.2 million in Q4 2021. Operating expenses for the full year of 2022 were $50.0 million, compared to $34.1 million in 2021. 2022 Operating expenses increase related mainly to non-cash share-based compensation expenses, labor cost increase, and to a lesser extent, expenses associated with Arbe being a publicly traded corporation.

Net loss in the fourth quarter of 2022 was $11.1 million compared to a net loss of $15.8 million in the same period of 2021. Net loss for the full year of 2022 was $40.5 million compared to a net loss of $58.1 million last year. 2022 Net loss included financial income of $7.2 million compared to $24.8 million of financial expenses in 2021. 2022 financial income resulted from warrants revaluation income and interest deposits partially offset by unfavorable exchange rate revaluations.

Adjusted EBITDA in Q4 of 2022, a non-GAAP measurement which excludes expenses for non-cash share-based compensation and for non-recurring items, yielded a loss of ($11.5) million, compared with a loss of ($11.9) million in the fourth quarter of 2021. Adjusted EBITDA for the full year of 2022 amounted to ($38.0) million, a decrease of 25% from ($30.4) million in 2021.

Balance Sheet & Liquidity

As of December 31, 2022, Arbe had $54.2 million in cash and cash equivalents with no debt.


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. 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.  

Conference Call & Webcast Details

Arbe will host a live webcast entitled “POC to Production: Driving Innovation Forward” on Thursday, March 2, at 8:30 a.m. Eastern Time to discuss the company’s fourth quarter and fiscal year 2022 financial results, recent developments and vision. Speakers will include Kobi Marenko, Co-Founder and Chief Executive Officer, Karine Pinto-Flomenboim, Chief Financial Officer, Dr. Noam Arkind CTO, and Ram Machness, Chief Business Officer.

Virtual Event Details

Please register in advance via this site to receive the webcast link. Log-in instructions will be available after registering for the event.

Arbe encourages participants to use the webcast link, as there will be several videos and live presentations during the webcast. Questions can be sent in advance to: or or during the registration process.