Arbe Robotics Ltd. (NASDAQ:ARBE) Q1 2023 Earnings Conference Call May 17, 2023 8:30 AM ET

Company Participants

Miri Segal - Chief Executive Officer of MS-IR

Kobi Marenko - Co-Founder and Chief Executive Officer

Karine Pinto-Flomenboim - Chief Financial Officer

Conference Call Participants

Gary Mobley - Wells Fargo Securities

Joshua Buchalter - TD Cowen

Suji Desilva - ROTH MKM

Jaime Perez - RFL

Matthew Galinko - Maxim Group

Operator

Good day, and welcome to the Arbe Robotics First Quarter 2023 Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Miri Segal, CEO of MS-IR. Please go ahead.

Miri Segal

Thank you, everyone, for joining us today. Before we begin, I would like to remind our listeners that certain information provided on this call may contain forward-looking statements, and the Safe Harbor statement outlined in today's press release also pertains to this call. If you have not received a copy of the release, please view it in the Investor Relations section of the company's Web site.

Today, we are joined by Kobi Marenko, Arbe's Co-Founder and Chief Executive Officer; and Karine Pinto-Flomenboim, CFO. Kobi will begin the call with a business update, then we will turn the call over to Karine, who will review the financials. Finally, we will open the call up to our listeners for the question-and-answer session.

With that, I'd like to turn it over to Kobi Marenko. Kobi, please go ahead.

Kobi Marenko

Thank you, Miri. Good morning everyone, and thank you for joining us. I will begin by reviewing some of our recent business highlights, then Karine Pinto-Flomenboim, Arbe's CFO, will review the financials in more detail, and share our outlook. Finally, we will open the call for the question-and-answer session. This quarter, we have taken significant steps for production and increasing revenue through our collaboration with Tier 1s and leading car manufacturers who look to adapt our technology for enhancing safety and autonomy in their next-generation platforms.

Weifu has successfully established a production line and has a functional B sampling operation which represents the production configuration. Four other Tier 1s are actively constructing their production lines, and are in the final stages of B sample development as well. The Weifu production line is currently capable of producing tens of thousands of units per year. Weifu is in the final stages of upgrading their production line to allow them to manufacture hundreds of thousands of radars annually. I recently returned from China, which was my first time visiting since COVID, and I was very encouraged by the commitment and progress achieved with car manufacturers.