Arbe Robotics First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Arbe Robotics (NASDAQ:ARBE) First Quarter 2024 Results
Key Financial Results
- Net loss: US$12.8m (loss widened by 29% from 1Q 2023).
- US$0.16 loss per share (further deteriorated from US$0.15 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arbe Robotics EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 58%. Earnings per share (EPS) exceeded analyst estimates by 7.7%.
Looking ahead, revenue is forecast to grow 92% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company’s shares are up 3.7% from a week ago.
Risk Analysis
Don’t forget that there may still be risks. For instance, we’ve identified 4 warning signs for Arbe Robotics that you should be aware of.
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Find out whether Arbe Robotics is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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