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Arbe Robotics reports mixed Q3 earnings; updates FY23 outlook

GAAP EPS of -$0.12 beats by $0.02. Revenue of $0.5M (-60.3% Y/Y) misses by $0.22M. Backlog as of Sept. 30 is $1.1 million. As of September 30, 2023, Arbe had $23.5 million in cash and cash equivalents and $25.

Arbe Robotics reports mixed Q3 earnings; updates FY23 outlook - Image

GAAP EPS of -$0.12 beats by $0.02. Revenue of $0.5M (-60.3% Y/Y) misses by $0.22M. Backlog as of Sept. 30 is $1.1 million. As of September 30, 2023, Arbe had $23.5 million in cash and cash equivalents and $25.