Arbe Robotics Ltd. (NASDAQ:ARBE) Q4 2022 Earnings Conference Call March 2, 2023 8:30 AM ET
Company Participants
Kobi Marenko - Co-Founder and CEO
Karine Pinto-Flomenboim - Chief Financial Officer
Ram Machness - Chief Business Officer
Noam Arkind - Co-Founder and CTO
Conference Call Participants
Gary Mobley - Wells Fargo
Josh Buchalter - Cowen
Matthew Galinko - Maxim
Jaime Perez - RF Lafferty
Kobi Marenko
Thank you everyone for joining us today. Welcome to Arbe’s Fourth Quarter and Full Year 2022 Financial Results Webcast. My name is Kobi Marenko and I am the Co-Founder and CEO of Arbe. I am very excited to share the developments made by Arbe in 2022, especially in Q4, where we have progress from the proof-of-concept phase to the production and commercial deployment stage. After my presentation, Karine Pinto-Flomenboim, Arbe’s CFO, will share a view of our financials and outlook. Next, Ram Machness, our Chief Business Officer, will discuss the market forecast and the business opportunities that we are pursuing. Finally, Noam Arkind, our CTO and my Co-Founder, will conclude the presentations and speak about Arbe’s latest innovations and our vision for the future. We value your input and questions. So we will reserve time for a questions-and-answer session. Please take a minute to review the Safe Harbor statement.
Throughout the year, Arbe was dedicated to maturing a cutting-edge perception technology that significantly improves vehicle safety and accelerates the realization of Level 2+ advanced driver assistant vehicles. Our company’s progress has parallel the advancement of the vehicle market to Level 2+, which we anticipate will become the industry standard in the automotive by 2025.
In 2022, we actively collaborated with leading automakers perception teams to ensure that our best innovations are designed into their groundbreaking revolution. We received clear indications that our Perception Radar technology will be a crucial enabler an integral component of Level 2+ as the mass market increasingly adopts autonomous systems at Level 2+, Arbe become a vital element of the overall solution with a cost-effective sensor.
We have been securing global Tier 1 partnerships and commitments to accelerate the transition to advanced vehicle safety systems in the near future. As we look ahead, we remain on track to achieve full production by the fourth quarter of 2023, thanks to the hard work and dedication of our team and our business partners.
In 2022, we collaborated with multiple global Tier 1 suppliers who will position Arbe for success in 2023 and beyond. Veoneer, a world leader in automotive safety, selected Arbe’s chipset for their next-generation radars. Veoneer is an attractive partner for Arbe as it currently produces more than 50 million radars per year and forecasting to grow to roughly $250 million per year by the end of the decade.