Arbe Robotics (NASDAQ:ARBE) Issues Earnings Results, Misses Expectations By $0.01 EPS

Arbe Robotics (NASDAQ:ARBE) announced its quarterly earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.01), Zacks reports. Arbe Robotics had a negative net margin of 4,567.91% and a negative return on equity of 102.87%. The company had revenue of $0.10 million during the quarter, compared to analyst estimates of $0.40 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Arbe Robotics updated its FY 2025 guidance to EPS.

Arbe Robotics Trading Down 3.7 %

NASDAQ ARBE opened at $1.30 on Friday. Arbe Robotics has a 52 week low of $1.28 and a 52 week high of $5.09. The stock has a market cap of $117.12 million, a P/E ratio of -1.76 and a beta of 0.02. The company’s fifty day simple moving average is $2.57 and its 200-day simple moving average is $2.10.

Wall Street Analysts Forecast Growth

Separately, Maxim Group downgraded Arbe Robotics from a “buy” rating to a “hold” rating in a research report on Thursday.

Arbe Robotics Company Profile

Arbe Robotics Ltd., a semiconductor company, provides 4D imaging radar solutions for tier 1 automotive suppliers and automotive manufacturers in China, Hong Kong, Sweden, Germany, the United States, Israel, and internationally. It offers 4D imaging radar chipset solutions that address the core issues that have caused autonomous vehicle and autopilot accidents, such as detecting stationary objects, identifying vulnerable road users, operation at poor lighting conditions, and eliminating false alarms without radar ambiguities.