Arbe Robotics Expects FY24 Revenue To Be In Line With FY23, Followed By Revenue Growth In FY25
Portfolio Pulse from Benzinga Newsdesk
Arbe Robotics expects FY24 revenue to be in line with FY23, with growth anticipated in FY25. The company aims to achieve 4 design-ins with automakers and has strengthened its position in RFQ engagements. Adjusted EBITDA for 2024 is projected to be between ($30) million and ($36) million.
May 22, 2024 | 11:29 am
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Arbe Robotics expects FY24 revenue to be in line with FY23, with growth anticipated in FY25. The company aims to achieve 4 design-ins with automakers and has strengthened its position in RFQ engagements. Adjusted EBITDA for 2024 is projected to be between ($30) million and ($36) million.
The news indicates that Arbe Robotics' revenue for FY24 will be stable compared to FY23, with growth expected in FY25. This stability may result in a neutral short-term impact on the stock price. The company's strong RFQ engagement and focus on cost-effectiveness are positive signs, but the projected negative EBITDA for 2024 could offset these positives.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100