ARBE

Interested in Arbe Robotics Ltd.? Here are five stocks we like better. Revenue rose to $0.7 million in Q2 2026 from $0.3 million a year earlier, marking Arbe’s third consecutive quarter of growth. The company is expanding beyond automotive into defense, homeland security and other civilian applications. Arbe’s defense activity advanced through three projects with a global integrator, while automotive programs also progressed: robotaxi vehicles began on-road trials and a Chinese Level 4 program is nearing potential production. Losses narrowed as costs declined: operating expenses fell to $9.8 million, and management is targeting quarterly cash burn below $7 million by Q3. Arbe reaffirmed 2026 revenue guidance of $4 million to $6 million and announced an upcoming CFO transition. Arbe Robotics (NASDAQ:ARBE) reported second-quarter revenue growth and narrowed losses as the radar technology company expanded sales beyond automotive applications, particularly into defense and homeland security markets. Revenue for the second quarter of 2026 totaled $0.7 million, compared with $0.3 million in the prior-year quarter, marking Arbe’s third consecutive quarter of revenue growth. The company said its sales came from increased chipset shipments to Tier 1 suppliers, radar-system sales into defense and civilian programs, and engineering and development work for customers. → 3 Drone Stocks That Should Soar After the Summer Slump “Our strategy of focusing on broader markets for our radar technology with high demand and more immediate revenue potential is clearly delivering results,” Chief Executive Officer Ram Machness said on the call. Machness said a leading global defense and homeland security integrator selected Arbe’s technology for three projects under a framework agreement that could add further projects over time. Arbe shipped complete radar systems from its own production line to support the customer’s immediate operational needs. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth The company did not identify the integrator or disclose projected volumes for the projects. During the question-and-answer session, Machness said Arbe had been asked not to discuss the exact applications. He cited unmanned ground vehicles, mission vehicles and perimeter security as examples of radar applications in the defense market. Arbe also said it sees demand across multiple defense and homeland security channels and has shipped systems for further evaluation. Machness said potential customers are seeking to reduce the time required for full integration and field deployment because the company’s products address “multiple urgent operational needs.” → Jersey Mike's Serves Fresh Gains After IPO Stumble Sensrad, Arbe’s Tier 1 supplier of imaging radar systems based on its chipset, continues to supply Forterra, an autonomous-systems supplier to the U.S. Department of Defense. Forterra integrates the radar into its AutoDrive perception suite, which is designed to help vehicles detect obstacles and navigate unstructured environments where GPS may not work. Separately, Sensrad announced a collaboration with VirtuRail to integrate radar into automated service vehicles used for underground tunnel construction. Arbe said it continues to supply chipsets supporting Sensrad customers including Forterra, Tianyi and Rockit. In automotive, Arbe said radar systems supplied to a global robotaxi customer were integrated into vehicles during the second quarter, and those vehicles have begun on-road trials. The Phoenix radar system is designed to provide 360-degree sensing for Level 4 autonomous driving. Machness said development of the perception stack based on Arbe’s radar is beginning and is expected to roll out toward the end of 2026 and the beginning of 2027 for one robotaxi provider. He added that other robotaxi opportunities remain in earlier stages. In China, Arbe continued shipping chipsets to HiRain to support a Level 4 program selected by a large Chinese automaker. HiRain has advised Arbe that the program is progressing toward start of production in the coming months, according to Machness. HiRain is also developing a lower-specification radar platform based on Arbe’s chipset, featuring 24x12 channels, alongside its higher-end 48x48 system. Machness said the two platforms provide a path into China’s market for Level 2 and Level 3 vehicles. HiRain is also participating in additional RFIs and RFQs involving its radar portfolio, with Arbe supporting the evaluation process. Gross loss was approximately breakeven in the second quarter, compared with a $0.2 million gross loss a year earlier. Operating expenses fell to $9.8 million from $11.3 million, primarily due to lower share-based compensation expenses. Arbe reported an operating loss of $9.8 million, compared with an operating loss of $11.5 million in the second quarter of 2025. Adjusted EBITDA loss was $8.7 million, compared with a loss of $8.9 million a year earlier. Net loss narrowed to $9.1 million from $10.2 million. Chief Financial Officer Karine Pinto-Flomenboim said the company’s cost-reduction actions, including lower headcount, are expected to be fully reflected in the third quarter. Machness said Arbe reduced its cost base by about 15% from first-quarter levels and is targeting quarterly cash burn below $7 million by the third quarter, supported by lower expenses and revenue growth. As of June 30, Arbe held $41.9 million in cash equivalents and short-term bank deposits, while shareholders’ equity stood at $40.5 million. Management said it believes its cash position provides sufficient runway to execute its strategy. Arbe reaffirmed its 2026 guidance for revenue of $4 million to $6 million and an adjusted EBITDA loss of $28 million to $31 million. Machness said the company expects meaningful growth in the second half of 2026 and into 2027 as its end-market diversification strategy develops. The company also announced that Pinto-Flomenboim’s final day as CFO was the day of the earnings call, concluding nearly five years in the role. President and Co-Founder Kobi Marenko said he will temporarily oversee financial functions with the finance team during the transition. Assaf Pereg is set to join Arbe as incoming CFO effective Aug. 30, 2026. Pereg previously worked at Ibex Medical Analytics and held finance roles at Nano Dimension, Aquarius Engines, Become Technological Solutions and Cyberint, according to the company. Arbe Robotics Ltd. is a technology company specializing in high-resolution 4D imaging radar solutions for the automotive industry. The company's radar platform is designed to enhance advanced driver-assistance systems (ADAS) and support the development of autonomous vehicles by providing detailed object detection, precise range and velocity measurements, and accurate environmental mapping under diverse driving conditions. Founded in 2015 and headquartered in Tel Aviv, Israel, Arbe Robotics has developed its own semiconductor chipset and accompanying software stack. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Arbe Robotics Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

TEL AVIV, Israel, Aug. 6, 2026 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ: ARBE) (TASE: ARBE), a global leader in ultra-high-resolution radar solutions, today announced financial results for its second quarter ended June 30, 2026. Recent Highlights Defense and homeland security deliveries: Arbe's technology was selected by a leading global defense and homeland security system integrator, and the parties signed a framework collaboration agreement covering three joint projects, with plans to expand cooperation into additional initiatives. Arbe has begun deliveries of radar systems directly from its production line, with additional shipments expected as production ramps. Robotaxi systems with Arbe on the road: Building on the previously reported robotaxi engagements, Arbe's radar systems have been integrated into vehicles that have commenced on-road trials. Arbe continues to be engaged in active bid processes with additional robotaxi players. Progress in China with HiRain: Arbe's Tier 1 HiRain, a leading supplier offering a portfolio of radar systems based on Arbe's chipset, has advised Arbe that it is progressing toward production, currently planned for the beginning of 2027, delivering on the previously announced order from its L4 OEM customer. HiRain is also competing in meaningful RFIs and RFQs. Progress with OEMs actively testing advanced radar solutions: Arbe is actively participating in evaluations together with its Tier 1s to replace the OEMs' existing radar technologies. Arbe is regarded as the leading ultra-high-resolution radar provider for L3 and higher autonomy. Broader radar applications: Sensrad, a Tier 1 supplying imaging radar based on Arbe's chipset for defense and commercial applications, announced a new collaboration with VirtuRail, which is integrating the radar into its automated service vehicles for underground tunnel construction. Arbe continues to supply chipsets to Sensrad, supporting Sensrad's customers Watchit, Forterra, and Tianyi. Arbe is also directly engaged in additional non-automotive programs at various stages of evaluation. Continued revenue growth: Arbe's new strategy of focusing on broader markets with more immediate revenue potential delivered results. Revenue growth in the quarter was due to increased chipset sales to automotive Tier 1s, radar system sales for defense and civilian programs, and ongoing engineering and development services. Efficiency measures: At the same time, Arbe is focused on maintaining a low expense footprint and more efficient operations. The full impact of the approximately 15% expense reduction initiated in the first quarter of 2026 is expected to be reflected in the third quarter of 2026. Management believes that the current balance sheet, with around $42 million in cash, cash equivalents and short-term bank deposits, combined with ongoing revenue growth and a targeted reduction in cash burn to below $7 million per quarter, extends the Company's cash runway to execute on its growth plans. Management Comments Kobi Marenko, President and Co-Founder of Arbe, commented, "We are pleased with our performance in the second quarter, making solid progress. In automotive, our radar systems are now installed in robotaxi vehicles that have begun on-road trials. In defense and homeland security, we have started delivering systems that have been successfully field-tested. We see strong demand, with customers and potential customers requiring our radar solutions for immediate needs." Ram Machness, Chief Executive Officer of Arbe, commented, "Our strategy of diversifying sales into new markets with immediate needs and shorter sales cycles is paying off, reflected in a clear revenue growth trend. Growth in the quarter came from our expanding customer base across automotive, defense, and civilian programs. We believe that these sales are evidence that our transition from a chipset supplier to a complete radar technology provider is opening up new and diversified markets for us with revenue potential in both the short and long-term." Second Quarter 2026 Financial Results Highlights Revenues for Q2 2026 were $0.7 million, compared to $0.3 million in Q2 2025. Backlog as of June 30, 2026, amounted to $1 million. Gross loss for Q2 2026 was around $0, compared to a gross loss of $0.2 million in Q2 2025. Operating expenses in Q2 2026 were $9.8 million, compared to $11.3 million in Q2 2025. The lower expenses were primarily driven by lower share-based compensation expenses, reflecting both the lower grant-date fair values of equity awards issued during the period and the ongoing vesting of previously granted awards, some of which have now fully vested. The increased expenses due to the unfavorable exchange rate impact, was offset by a decrease in headcount as part of the cost-reduction measures taken this quarter, which are expected to be fully reflected by next quarter. Operating loss in Q2 2026 was $9.8 million, compared to an $11.5 million loss in Q2 2025. Net loss in Q2 2026 was reduced to $9.1 million, compared to a net loss of $10.2 million in Q2 2025. Adjusted EBITDA for Q2 2026, a non-GAAP measure that excludes expenses for non-cash share-based compensation and non-recurring items, was a loss of $8.7 million, compared with a loss of $8.9 million in Q2 2025. Management believes that this non-GAAP measurement is important in evaluating the Company's use of cash and in planning cash requirements in the coming periods. Balance Sheet and Liquidity Highlights As of June 30, 2026, Arbe had $41.9 million in cash, cash equivalents and short-term bank deposits. As of June 30, 2026, Arbe had $40.5 million in shareholders' equity. The Company is in compliance with the financial covenants set forth in the convertible debentures and holds cash substantially above the minimum threshold. Outlook Arbe is reaffirming its full-year 2026 outlook provided in February 2026. Based on current market conditions and customer engagement visibility, the Company's outlook for 2026 is as follows: Revenue in the range of $4 million to $6 million. Adjusted EBITDA for 2026 is projected to be a loss in the range of $28 million to $31 million, reflecting the Company's strengthened balance sheet and cost-reduction measures. This outlook reflects management's current expectations as of today and is subject to change based on market conditions, customer adoption timelines, and other factors. Arbe expects to continue signing additional automotive OEM design wins over time, beyond the recently announced design win. However, the timing of future wins remains dependent on OEM adoption cycles, which are taking longer than previously anticipated. As a result, the Company is not providing guidance on the timing of additional automotive OEM design wins. Conference Call and Webcast Details Arbe will host a conference call and webcast on August 6, 2026 at 8:30 a.m. Eastern Time. Speakers will include Kobi Marenko, President and Co-Founder, Ram Machness, Chief Executive Officer, and Karine Pinto-Flomenboim, Chief Financial Officer. The live call may be accessed via: U.S. Toll Free: 1-844-481-3015 International: 1-412-317-1880 Israel: +972 3-374-1008 The Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10210907/1048b9b7c88 Participants may pre-register at any time, including up to and after the call start time. A live webcast of the call can be accessed from the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=5uX9T5sU The day after the call, an archived webcast of the call can be accessed from Arbe's Investor Relations website at: https://ir.arberobotics.com. About Arbe Arbe (NASDAQ: ARBE), a global leader in ultra-high-resolution radar solutions, is redefining radar as a core sensing platform for next-generation mobility and advanced sensing applications. Arbe's complete radar technology stack includes proprietary automotive-grade RF transmitter and receiver chips, a high-definition radar processing chip, the Phoenix radar system with 2,304 virtual channels, and advanced AI algorithms that transform radar data into a perception-ready layer. By delivering an exceptional level of detail, real-time processing, and scalable system performance, Arbe enables OEMs, Tier 1s, and technology partners to build more capable perception systems for passenger vehicles, robotaxis, heavy machinery, defense, and additional advanced sensing markets. Headquartered in Tel Aviv, Israel, the company also operates offices in the United States, Germany, and China. For more information, visit https://arberobotics.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains, and the conference call described in this press release will contain, "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words "expect," "believe," "estimate," "intend," "plan," "anticipate," "may," "should," "strategy," "future," "will," "project," "potential" and similar expressions indicate forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These risks and uncertainties include our ability to transition to a scaled production company, to expand our presence in Level 4 robotaxi, robotruck and autonomous commercial and off-road vehicle markets, and to advance OEM and Tier 1 programs, to successfully develop and market our products in various other markets including perimeter-security, other defense initiatives and physical AI fields; whether and when we secure the orders we anticipate and the extent of any orders we receive in the various markets we are targeting; our ability to meet expectations with respect to our financial guidance and outlook; the timing and completion of key product and project orders and milestones; expectations regarding our collaborations and business with third parties; the effect of tariffs and trade policies of the United States, China and other countries, whether announced or implemented; the effect on the Israeli economy generally and on the Company's business resulting from terrorism and hostilities in Israel and with its neighboring countries including the effects of the continuing conflict with Hamas in Gaza despite the ceasefire and any intensification of hostilities with others, including Iran and Hezbollah, and the effect of the call-up of a significant portion of its working population, including the Company's employees; the effect of any potential boycott both of Israeli products and business and of stocks in Israeli companies; the effect of any action Iran or Hezbollah may take against Israel in the event the ceasefires with Iran and Hezbollah end; the effect of any downgrading of the Israeli economy and the effect of changes in the exchange rate between the US dollar and the Israeli shekel; and the risks and uncertainties described in "Cautionary Note Regarding Forward-Looking Statements," "Item 3. Key Information – D. Risk Factors" and "Item 5. Operating and Financial Review and Prospects" and in the Company's Annual Report on Form 20-F for the year ended December 31, 2025, which was filed with the Securities and Exchange Commission (the "SEC") on March 27, 2026, as well as other documents filed by the Company with the SEC. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Information contained on, or that can be accessed through, the Company's website or any other website or any social media is expressly not incorporated by reference into and is not a part of this press release. 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This article first appeared on GuruFocus. Revenue: $0.7 million in Q2 2026, up from $0.3 million in Q2 2025, marking the third consecutive quarter of revenue growth. Backlog: $1 million as of June 30, 2026. Gross Loss: Approximately breakeven in Q2 2026, compared to a gross loss of $0.2 million in Q2 2025. Operating Expenses: $9.8 million in Q2 2026, down from $11.3 million in Q2 2025. Operating Loss: $9.8 million in Q2 2026, compared to an operating loss of $11.5 million in Q2 2025. Adjusted EBITDA: Loss of $8.7 million in Q2 2026, compared to a loss of $8.9 million in Q2 2025. Net Loss: $9.1 million in Q2 2026, reduced from a net loss of $10.2 million in Q2 2025. Cash and Equivalents: $41.9 million in cash equivalents and short-term bank deposits as of June 30, 2026. Shareholders' Equity: $40.5 million as of June 30, 2026. Full-Year 2026 Outlook: Revenue expected in the range of $4 million to $6 million; adjusted EBITDA loss expected in the range of $28 million to $31 million. Warning! GuruFocus has detected 5 Warning Signs with ARBE. Is ARBE fairly valued? Test your thesis with our free DCF calculator. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Revenue grew for the third consecutive quarter, reaching $0.7 million in Q2 2026, up from $0.3 million in Q2 2025. A leading global defense and homeland security integrator selected Arbe's technology for three projects under a framework agreement, with potential for expansion. The company reduced its cost base by about 15% from Q1 levels, with full effects expected by Q3, and cash burn targeted to fall below $7 million per quarter. Progress in the robotaxi market: Phoenix radar systems were integrated into vehicles, which have started road trials. HiRain, Arbe's Tier 1 in China, is progressing towards start of production for a Level 4 program with a large Chinese automaker, with a second lower-spec platform in development. The company is diversifying revenue streams through sales of radar systems, chipsets, and engineering services, reducing reliance on long-cycle automotive programs. Revenue remains very low at $0.7 million for the quarter, indicating early-stage commercialization. The company reported a gross loss of around breakeven, with no gross profit achieved. Operating loss was $9.8 million in Q2 2026, though improved from $11.5 million in Q2 2025. Adjusted EBITDA loss was $8.7 million, showing continued significant cash burn. Backlog as of June 30, 2026, was only $1 million, suggesting limited near-term revenue visibility. The CFO transition (Karine Pinto-Flomenboim departing, Assaf Pereg joining) introduces leadership uncertainty. Q: On the recent defense selection, could you provide additional insights into what these volumes should look like and how the partnership could expand over time?A: Ram Machness, CEO: The partnership agreement is a long-term framework agreement that currently defines three specific projects, but it is structured to be extended to several additional applications over time. While we were requested not to disclose the exact applications, the defense sector has several highly relevant use cases for our imaging radar, such as unmanned ground vehicles and perimeter security. These applications benefit from radar's ability to perceive surroundings without the disadvantages of cameras, such as issues with dust, night, and weather conditions. Q: On the robotaxi front, could you dive into some detail around what these selection processes look like, what milestones you still need to achieve, and what we should anticipate from a timing perspective?A: Ram Machness, CEO: We currently have several vehicles equipped with our radars, providing a 360-degree view. The development of the perception stack based on our radar is now beginning, and we expect to roll it out by the end of the year and the beginning of next year with one of the robotaxi providers. Other providers are in earlier stages of engagement. Q: (No question, this is a summary of the CEO's opening remarks on financials and strategy)A: Ram Machness, CEO: Our strategy of focusing on broader markets for our radar technology is delivering results. We grew revenue by selling more chipsets to Tier 1s, selling radar systems into defense and civilian programs, and earning revenue from engineering and development work. We have reduced our cost base by about 15% from first-quarter levels, with the full effect expected by the third quarter. Our cash burn is targeted to fall below $7 million per quarter, and we ended the quarter with around $42 million in cash, providing sufficient runway to execute our strategy. Q: (No question, this is a summary of the CFO's financial review)A: Karine Pinto-Flomenboim, CFO: Revenue for Q2 2026 totaled $0.7 million, compared to $0.3 million in Q2 2025, marking our third consecutive quarter of revenue growth. Total operating expenses were $9.8 million, down from $11.3 million in Q2 2025. Operating loss was $9.8 million, compared to $11.5 million in Q2 2025. Adjusted EBITDA loss was $8.7 million, compared to $8.9 million in Q2 2025. Net loss was $9.1 million, reduced from $10.2 million in Q2 2025. We ended the quarter with $41.9 million in cash equivalents and short-term bank deposits. We reaffirm our full-year 2026 outlook of revenue in the range of $4 million to $6 million and an adjusted EBITDA loss in the range of $28 million to $31 million. Q: (No question, this is a summary of the President's announcement regarding CFO transition)A: Kobi Marenko, President: This is the last quarter for Karine Pinto-Flomenboim as CFO, who has served in the role for close to five years. Assaf Pereg will join Arbe as our incoming CFO effective August 30, 2026. Assaf brings close to two decades of financial leadership experience with both NASDAQ-listed public and private technology companies in Israel and internationally. During the transition period, I will temporarily oversee financial functions together with the team. Q: (No question, this is a summary of the CEO's remarks on the defense and homeland security market)A: Ram Machness, CEO: A leading global defense and homeland security integrator selected our technology for three projects under a framework agreement. We shipped complete radar systems from our own production line for their immediate operational needs. Our radars are used in fixed installations and vehicle-mounted systems at both short and long ranges, demonstrating the versatility of our radar platform technology. Q: (No question, this is a summary of the CEO's remarks on the automotive and China markets)A: Ram Machness, CEO: In the automotive market, we secured follow-on orders from a global robotaxi player for our Phoenix radar systems, which have now been integrated into their vehicles and started road trials. In China, HiRain, our Tier 1, is progressing towards the start of production for a Level 4 program with a large Chinese automaker, planned in the next few months. HiRain is also developing a second, lower-spec platform based on our chipset with 24x12 channels at a lower cost point for a wider range of vehicles. Q: (No question, this is a summary of the CEO's remarks on other non-automotive applications)A: Ram Machness, CEO: Sensrad, a Tier 1 supplying imaging radar based on our chipsets, announced a new collaboration with VirtuRail to integrate the radar into automated service vehicles for underground tunnel construction. We continue to supply chipsets to Centra, supporting its customers. We are also directly engaged in other non-automotive programs, including potential applications with unmanned ground vehicles, where the image from our high-definition imaging radar is so rich that it is possible to drive fully on the radar output. Q: (No question, this is a summary of the CEO's remarks on the company's strategic positioning)A: Ram Machness, CEO: Previously, Arbe was just an automotive chipset supplier with many years between a design win and a program maturing to full production. Today, we are a supplier of both chipsets as well as complete end-to-end radar systems with much shorter cycles. With our focus on driving markets with urgent needs, we sell directly to customers who need our product now, generating revenue in the near and medium term while still competing for automotive OEM programs with their long-term significant revenue potential. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

TEL AVIV, Israel, July 24, 2026 /PRNewswire/ -- Arbe Robotics Ltd. (Nasdaq: ARBE) (TASE: ARBE), a global leader in perception radar solutions, today announced that it will hold a conference call to discuss its second quarter 2026 financial results on Thursday, August 6, 2026 at 8:30 a.m. ET. The company will issue its financial results before the US market opens that same day. Conference Call and Webcast Details Speakers will include Kobi Marenko, President, Ram Machness, Chief Executive Officer, and Karine Pinto-Flomenboim, Chief Financial Officer. The call will be webcast live and accessible from a link on Arbe's Investor Relations website at: https://ir.arberobotics.com. The call may also be accessed via telephone at: US Toll Free: 1-844-481-3015 Israel: +972 3-374-1008 Internationally: 1-412-317-1880 The Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10210907/1048b9b7c88. Callers will receive a unique dial-in upon registration, which enables immediate access to the call. Participants may pre-register at any time, including up to and after the call start time. A live webcast of the call can be accessed from the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=5uX9T5sU, or from Arbe's Investor Relations website at: https://ir.arberobotics.com. An archived webcast of the conference call will also be made available on Arbe's Investor Relations website at: https://ir.arberobotics.com on the day following the call. About Arbe Arbe (Nasdaq: ARBE), a global leader in ultra-high-channel-count radar technology, is redefining radar as a core sensing platform for next-generation mobility and advanced sensing applications. Arbe's complete radar technology stack includes proprietary automotive-grade RF transmitter and receiver chips, a high-definition radar processing chip, the Phoenix radar system with 2,304 virtual channels, and advanced AI algorithms that transform radar data into a perception-ready layer. By delivering an exceptional level of detail, real-time processing, and scalable system performance, Arbe enables OEMs, Tier-1s, and technology partners to build more capable perception systems for passenger vehicles, robotaxis, heavy machinery, defense, and additional advanced sensing markets. Headquartered in Tel Aviv, Israel, the company also operates offices in the United States, Germany, and China. For more information, visit https://arberobotics.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains, and the conference call described in this press release will contain, "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words "expect," "believe," "estimate," "intend," "plan," "anticipate," "may," "should," "strategy," "future," "will," "project," "potential" and similar expressions indicate forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These risks and uncertainties include the possible delisting of the Company's ordinary shares from Nasdaq in the even the bid price per share of the Company's ordinary shares remains below $1.00, the effect on the Israeli economy generally and on the Company's business resulting from the terrorism and the hostilities in Israel, including the continuing hostilities with Iran, Hezbollah and Hamas and any intensification of hostilities, and the effect of the call-up of a significant portion of its working population, including the Company's employees, the ability of the Company to develop the business described in recently announced agreement; and the risk and uncertainties described in "Cautionary Note Regarding Forward-Looking Statements," "Item 3. Key Information – D. Risk Factors" and "Item 5. Operating and Financial Review and Prospects" and in the Company's Annual Report on Form 20-F for the year ended December 31, 2025, which was filed with the Securities and Exchange Commission (the "SEC") on March 27, 2026, as well as other documents filed by the Company with the SEC. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Information contained on, or that can be accessed through, the Company's website or any other website or any social media is expressly not incorporated by reference into and is not a part of this press release. 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This article first appeared on GuruFocus. Release Date: May 28, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Arbe Robotics Ltd (NASDAQ:ARBE) is transitioning from a chipset-focused automotive company to a supplier of complete radar solutions, expanding its market reach. The company has begun shipping chipsets to China, tapping into one of the world's largest and fastest-moving automotive markets. Arbe Robotics Ltd (NASDAQ:ARBE) received orders from global robotaxi companies, showcasing the demand for its high-resolution radar systems. The company is expanding beyond automotive into markets such as defense, homeland security, and smart infrastructure, increasing its total addressable market. Arbe Robotics Ltd (NASDAQ:ARBE) has set up dedicated production lines for radar systems, indicating readiness to scale manufacturing and meet growing demand. Revenue for Q1 2026 was only $0.5 million, showing minimal growth from $0.4 million in Q1 2025. The company reported a negative gross profit of $0.1 million for Q1 2026, indicating ongoing financial challenges. Operating expenses remain high at $11.2 million, despite a decrease from the previous year. Arbe Robotics Ltd (NASDAQ:ARBE) continues to operate at a net loss, with a $9.4 million loss reported for Q1 2026. The company's backlog is relatively low at $1 million, suggesting limited visibility into future revenue streams. Warning! GuruFocus has detected 3 Warning Signs with ARBE. Is ARBE fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide more details on the traction Arbe Robotics is seeing in defense-related applications, such as drones? A: Unidentified_4 (President and Co-Founder): Arbe's radar technology is being applied in defense for autonomous vehicles, perimeter defense, and drone detection. The American Army has already purchased hundreds of units, and we anticipate further orders. We are engaging with both established and emerging players in the defense industry to expand our market presence. Q: How has the NVIDIA reference design impacted your conversations with OEMs and partners regarding the deployment of your imaging radar? A: Unidentified_3 (CEO): NVIDIA is a leading player in autonomous vehicle software, and our collaboration with them is significant. OEMs are closely watching NVIDIA's progress, as it is crucial for developing reliable autonomous vehicle solutions. This partnership enhances our credibility and positions us well in the market. Q: Are your robotaxi opportunities regionally focused, or are they global? A: Unidentified_3 (CEO): Our robotaxi opportunities are primarily in North America and China, which are the main regions we are focusing on currently. Q: Can you explain the revenue and pricing differences between supplying a full radar system versus a chipset? A: Unidentified_3 (CEO): The average unit price (AUP) is higher for complete radar systems compared to chipsets due to the inclusion of additional components and lower volumes. While the gross margins for systems might be lower percentage-wise, the absolute dollar profit per system is higher. Q: What is the cost of setting up the full production line for radar, and is it sufficient for your current pipeline? A: Unidentified_4 (President and Co-Founder): The production line setup cost is in the low hundreds of thousands of dollars, designed to meet current demand for hundreds of systems per month. We have plans to expand capacity as demand grows and are in discussions with contract manufacturers for future expansion. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Arbe Robotics Ltd.? Here are five stocks we like better. Arbe Robotics reported Q1 2026 revenue of $0.5 million and reaffirmed full-year 2026 guidance of $4 million to $6 million in revenue, while narrowing its net loss to $9.4 million from $13.8 million a year earlier. The company ended the quarter with $53.6 million in cash and recently raised an additional $18.5 million through a registered direct offering. The company is expanding beyond automotive chipsets into complete radar systems for defense, security, transportation, and other markets, and said it has already begun shipping systems to customers in those areas. Management also said it now has a dedicated production line capable of scaling to hundreds of systems per month. In automotive, Arbe highlighted progress in China and robotaxi programs, including initial chipset shipments to HiRain for a Level 4 autonomous vehicle project and orders from global robotaxi companies. Management said automakers are rethinking Level 3 autonomy and see high-resolution imaging radar as filling a key sensing gap. Arbe Robotics (NASDAQ:ARBE) reported first-quarter 2026 revenue of $0.5 million and said it is broadening its business from automotive radar chipsets into complete radar systems for automotive, defense, security, infrastructure and other perception-focused markets. On the company’s earnings call, newly appointed Chief Executive Officer Ram Machness said Arbe made “strong progress” during the quarter and accelerated its strategy to become “a supplier of complete radar solutions across automotive and increasingly into adjacent markets.” Machness stepped into the CEO role in April. → Rocket Lab Keeps Making Headlines and Highs—Here's What's Driving the Latest Move The company reported a backlog of $1 million as of March 31, 2026. Chief Financial Officer Karine Pinto-Flomenboim said during the Q&A that the backlog covers a 12-month period and that she assumes all of it will be realized in 2026. Machness said Arbe shipped an initial batch of chipsets to HiRain, its Tier 1 partner in China. The shipment supports production of a 48-by-48 channel radar system for a Level 4 autonomous vehicle project with a Chinese automaker, which Arbe had announced in December. → Quantum Stocks Just Got a Lifeline—Who Benefits Most? HiRain is also developing a lower-cost radar system based on Arbe’s chipset with 24-by-12 channels. Machness said that configuration is intended for a broader range of vehicles and complements HiRain’s higher-end 48-by-48 radar system. Machness described China as “the fastest-moving automotive market in the world” and noted that the country sold 34.4 million vehicles in 2025. He said Arbe’s relationship with a local Tier 1 supplier gives the company access to a major market for Level 2-plus and Level 3 deployments. → 5 Stocks Winning the AI Race While Everyone Watches NVIDIA Arbe also received orders for its Phoenix radar system from global robotaxi companies. Machness said those systems support Level 4 autonomy and full 360-degree sensing. In response to an analyst question, he said the robotaxi opportunities the company is seeing are mainly in North America and China. Machness said Arbe is participating in data collection programs with global automakers and mobility companies and has advanced into selection processes with specific Chinese and European automakers. He said those evaluations increasingly focus on situations where cameras and lidar are limited and where imaging radar can act as a key sensor. He also addressed recent moves by automakers to revisit Level 3 programs, saying Arbe views the trend as “a reset” rather than a rejection of eyes-off autonomy. He said first-generation Level 3 systems were limited by factors such as geofencing, speed restrictions, weather constraints and lack of commercial deployment. “Automakers are now actively looking at the next generation eyes-off platforms and looking for sensing that can support Level three use cases,” Machness said. “This is exactly the gap our high-resolution radar is designed to fill.” Machness also said Arbe conducted a survey of 1,000 people across the U.S., Europe and Asia that found drivers are willing to pay, switch cars and even switch brands for fully operational Level 3 and Level 4 autonomous driving. He directed listeners to the company’s website for more information about the survey. Beyond automotive, Arbe said it has begun selling complete end-to-end radar systems in addition to chipsets. Machness said the approach allows Arbe to address markets with shorter sales cycles and customers that want a full radar solution. The company has started shipping systems to customers in defense, homeland security, transportation, perimeter security, Physical AI and other applications, he said. Arbe has also set up a dedicated production line to scale radar system manufacturing. In the Q&A, President and Co-Founder Kobi Marenko said defense applications include autonomous vehicles such as supply trucks and armored vehicles that need to operate in dust, rain, fog and off-road conditions. Marenko said Arbe already has a customer in the U.S. Army, which bought “hundreds of units,” and said the company believes it will receive another order. Marenko also cited perimeter defense as an application, including detection of people or drones. He said Arbe is pursuing business development with established defense companies as well as newer industry participants. Machness said the company’s production line is designed to supply “hundreds of systems per month” and “thousands of systems per year.” He said the investment to establish the line was on the low side of hundreds of thousands of dollars, and Arbe has begun discussions with contract manufacturers for potential future expansion. Arbe reported first-quarter 2026 revenue of $0.5 million, up from $0.4 million in the first quarter of 2025. Gross profit was negative $0.1 million, compared with negative $0.3 million a year earlier. Total operating expenses were $11.2 million, down from $13.1 million in the prior-year quarter. Pinto-Flomenboim said the decline was driven primarily by lower share-based compensation expenses and reduced tape-out expenses as the company advances toward productization. The decrease was partially offset by the weakening of the U.S. dollar, mainly against the Israeli shekel, as well as labor-related provisions and merit increases. Operating loss was $11.3 million, compared with an operating loss of $13.4 million in the first quarter of 2025. Adjusted EBITDA loss was $9.9 million, compared with a loss of $9.7 million a year earlier. Net loss narrowed to $9.4 million from $13.8 million in the prior-year quarter. The first-quarter 2026 result included $1.9 million in financial income, compared with $0.5 million of financial expenses in the first quarter of 2025. As of March 31, 2026, Arbe held $53.6 million in cash and cash equivalents and short-term bank deposits. The company reaffirmed its 2026 guidance for full-year revenue of $4 million to $6 million and an adjusted EBITDA loss of $28 million to $31 million. Marenko said Arbe strengthened its balance sheet during the quarter through an underwritten registered direct offering that raised $18.5 million in gross proceeds. He said the capital provides financial flexibility to invest during what he called the company’s “current phase of fast growth.” Management also emphasized the company’s positioning around Physical AI. Machness said AI and machine-learning advances are creating demand for dense, long-range, low-latency sensing in real-world environments. He noted that NVIDIA cited Arbe as part of its expanded DRIVE Hyperion ecosystem and said Arbe’s work with NVIDIA on radar-based Free Space Mapping is one example of the company’s role in that market shift. In closing remarks, Machness said the quarter marks “the start of a new chapter” focused on turning Arbe’s technology into commercial scale across multiple markets. Arbe Robotics Ltd. is a technology company specializing in high-resolution 4D imaging radar solutions for the automotive industry. The company's radar platform is designed to enhance advanced driver-assistance systems (ADAS) and support the development of autonomous vehicles by providing detailed object detection, precise range and velocity measurements, and accurate environmental mapping under diverse driving conditions. Founded in 2015 and headquartered in Tel Aviv, Israel, Arbe Robotics has developed its own semiconductor chipset and accompanying software stack. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Arbe Robotics Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.

TEL AVIV, Israel, May 28, 2026 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ: ARBE) (TASE: ARBE), a global leader in perception radar solutions, today announced financial results for its first quarter ending March 31, 2026. Recent Highlights Follow-on orders for Arbe's Phoenix radar in the robotaxi market: Arbe received additional orders from global robotaxi players using Phoenix to support L4 autonomy with 360-degree sensing. We believe the repeat orders further validate Phoenix's ability to deliver the high-resolution performance and coverage required for full eyes-off autonomous platforms. Arbe began shipping chipsets to Hirain for its L4 project which it announced in December: Hirain, Arbe's Tier 1, is using Arbe's chipset for a high-resolution 48x48 imaging radar project with a Chinese automaker. Hirain is expanding Arbe's reach in China with a new 24x12 channel radar platform: In addition to its existing 48x48 radar system, Hirain is developing another radar platform for the Chinese market based on Arbe's chipset. With 34.4 million vehicles sold in China in 2025, the new Hirain platform gives Arbe a direct path into one of the world's largest and fastest-moving markets for L2+ and L3 deployment. Growing automotive traction: Arbe continues to advance data collection initiatives with global automakers and leading mobility players. Furthermore, Arbe has moved into the advanced selection processes with specific Chinese and European automakers. This is a part of the Company's efforts to advance global adoption of its ultra-high-resolution radar technology. Arbe begins sales of full radar systems: This complements Arbe's chipset offerings. Arbe has established a dedicated production line to manufacture its radar systems. Initial units have been shipped to various major players in the perimeter-security, and physical AI fields. Strengthened balance sheet: During the first quarter, Arbe closed an underwritten registered direct offering, raising $18.5 million in gross proceeds. Management Comments Kobi Marenko, President and Co-Founder of Arbe, commented, "The first quarter of 2026 has been one of accelerating execution against the broadened strategy we set out at the start of this year. We are focused on translating Arbe's technology leadership into commercial momentum across multiple end markets in parallel. We have already received orders for radar systems serving a range of applications. These are all important steps in our broadening from a pureplay automotive chipset company to a supplier of complete radar solutions." Ram Machness, CEO of Arbe, added, "Recent decisions by leading automotive OEMs to reassess their first-generation L3 programs underscore why Arbe's technology is important and needed. Arbe is being increasingly recognized as a leading technological provider and we continue to capitalize on our differentiated product, which provides the highest number of channels in the market at a lower price than competitors. Arbe is in discussions with many OEMs who view high-resolution radar as a critical element within their next generation of eyes-off driving." Concluded Mr. Machness, "The rise of physical AI is increasing the strategic value of high-quality sensing. Arbe's dense, long-range, all-weather radar is positioned to be a critical perception layer for this next era of autonomy, in both automotive and the new verticals we are addressing. With our broadened market focus, transition to system sales, our growing commercial pipeline, and a strengthened balance sheet, we are confident that Arbe is well-positioned for the road ahead, which is expected to generate revenue growth in the upcoming quarters of 2026." First Quarter 2026 Financial Results Highlights Revenues for Q1 2026 were $0.5 million, compared to $0.04 million in Q1 2025. Backlog as of March 31, 2026, amounted to $1 million. Negative gross profit for Q1 2026 was ($0.1) million, compared to a negative gross profit of ($0.3) million in Q1 2025. Operating expenses in Q1 2026 were $11.2 million, compared to $13.1 million in Q1 2025. The decrease was primarily driven by lower share-based compensation expenses, which reflect the full vesting of equity grants, along with the latest award being structured half in cash and half in equity. The decrease was also related to a tape-out expense in Q1 2025 as part of our chip productization. This decrease was partially offset by the unfavorable foreign exchange impact and to a lesser extent by labor-based provisions and a merit increase. Operating loss in Q1 2026 was $11.3 million, compared to a $13.4 million loss in Q1 2025. Net loss in Q1 2026 was $9.4 million, compared to a net loss of $13.8 million in Q1 2025. Net loss in Q1 2026 included $1.9 million of financial income, compared to $0.5 million of financial expenses in Q1 2025. Financial income for Q1 2026 reflects the revaluation of the lease liability and convertible bond liability, and deposit interest, partially offset by the foreign exchange rate revaluations impact. Adjusted EBITDA for Q1 2026, a non-GAAP measurement which excludes expenses for non-cash share-based compensation and non-recurring items, was a loss of $9.9 million, compared with a loss of $9.7 million in Q1 2025. Management believes that this non-GAAP measurement is important in management's evaluation of our use of cash and in planning and evaluating our cash requirements for the coming period. During the first quarter, as planned and previously indicated, management implemented cost-reduction measures expected to result in an approximate 15% decrease in ongoing expenses. This reduction impact is expected to take effect from mid-Q2. Balance Sheet and Liquidity Highlights As of March 31, 2026, Arbe had $53.6 million in cash and cash equivalents and short-term bank deposits. As of March 31, 2026, Arbe had $48.6 million in shareholders' equity. The Company complies with the financial covenants as set forth under the convertible debentures and holds cash substantially above the minimum threshold. Outlook Arbe is reaffirming its full year 2026 outlook provided in February 2026. Based on current market conditions and customer engagement visibility, the Company's outlook for 2026 is as follows: Revenue in the range of $4 million to $6 million. Adjusted EBITDA for 2026 is projected to be a loss in the range of ($28 million) to ($31 million), reflecting the Company's strengthened balance sheet and cost-reduction measures. This outlook reflects management's current expectations as of today and is subject to change based on market conditions, customer adoption timelines, and other factors. Arbe expects to continue signing additional automotive OEM design wins over time, beyond the recently announced design win. However, the timing of future wins remains dependent on OEM adoption cycles, which are taking longer than previously anticipated. As a result, the Company is not providing guidance on the timing of additional automotive OEM design wins. Conference Call and Webcast Details Arbe will host a conference call and webcast today, May 28, 2026, at 8:30 a.m. ET. Speakers will include Kobi Marenko, President and Co-Founder, Ram Machness, Chief Executive Officer, and Karine Pinto-Flomenboim, Chief Financial Officer. The live call may be accessed via: U.S. Toll Free: 1-844-481-3015International: +1-412-317-1880Israel:  1-809-212-373 The Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10208504/103de50d058 Participants may pre-register at any time, including up to and after the call start time. A live webcast of the call can be accessed from the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=ywDGGTq9 The day after the call, an archived webcast of the call can be accessed from Arbe's Investor Relations website at: https://ir.arberobotics.com. About Arbe Arbe (NASDAQ: ARBE), a global leader in ultra-high-resolution radar solutions, is driving a radar revolution. Its cutting-edge radar chipset delivers up to 100 times more detail than other radar systems on the market, empowering automakers and radar Tier-1s to develop safe driving systems that scale from ADAS to hands-free, eyes-off capabilities and up to full vehicle autonomy. Arbe's technology addresses the most critical use cases by delivering real-time, 4-dimensional imaging that enables the perception stack with information such as precise mapping of drivable free space in highway and urban environments across all weather and lighting conditions. With its transformative impact across passenger, commercial, and industrial vehicle segments, as well as other advanced safety applications, Arbe is redefining the role of radar in next-generation mobility. Headquartered in Tel Aviv, Israel, the Company also operates offices in the United States, Germany, and China. For more information, visit https://arberobotics.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains, and the conference call described in this press release will contain, "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words "expect," "believe," "estimate," "intend," "plan," "anticipate," "may," "should," "strategy," "future," "will," "project," "potential" and similar expressions indicate forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These risks and uncertainties include our ability to transition to a scaled production company, to expand our presence in Level 4 robotaxi, robotruck and autonomous commercial and off-road vehicle markets, and to advance OEM and Tier 1 programs, to successfully develop and market our products in various other markets including perimeter-security, and physical AI fields; whether and when we receive secure the orders we anticipate and the extent of any orders in the various markets we are targeting we receive; our ability to meet expectations with respect to our financial guidance and outlook; the timing and completion of key product and project orders and milestones; expectations regarding our collaborations and business with third parties; the effect of tariffs and trade policies of the United States, China and other countries, whether announced or implemented; the effect on the Israeli economy generally and on the Company's business resulting from the terrorism and the hostilities in Israel and with its neighboring countries including the effects of the continuing conflict with Hamas in Gaza despite the cease fire and any intensification of hostilities with others, including Iran and Hezbollah, and the effect of the call-up of a significant portion of its working population, including the Company's employees; the effect of any potential boycott both of Israeli products and business and of stocks in Israeli companies; the effect of any action Iran or Hezbollah make take against Israel in the event the cease fire with Iran ends; the effect of any downgrading of the Israeli economy and the effect of changes in the exchange rate between the US dollar and the Israeli shekel; and the risk and uncertainties described in "Cautionary Note Regarding Forward-Looking Statements," "Item 3. Key Information – D. Risk Factors" and "Item 5. Operating and Financial Review and Prospects" and in the Company's Annual Report on Form 20-F for the year ended December 31, 2025, which was filed with the Securities and Exchange Commission (the "SEC") on March 27, 2026, as well as other documents filed by the Company with the SEC. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Information contained on, or that can be accessed through, the Company's website or any other website or any social media is expressly not incorporated by reference into and is not a part of this press release. 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TEL AVIV, Israel, May 12, 2026 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ: ARBE) (TASE: ARBE), a global leader in perception radar solutions, today announced that it will hold its first quarter 2026 results on Thursday, May 28, 2026 at 8:30 a.m. ET. The company will issue its financial results before the US market opens that same day. Conference Call and Webcast Details Speakers will include Kobi Marenko, President, Ram Machness, Chief Executive Officer, and Karine Pinto-Flomenboim, Chief Financial Officer. The call will be webcast live and accessible from a link Arbe's Investor Relations website at: https://ir.arberobotics.com. The call may also be accessed via telephone at: US Toll Free: 1-844-481-3015 Israel: 1-809-212373 Internationally: 1-412-317-1880 The Company encourages participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10208504/103de50d058. Callers will receive a unique dial-in upon registration, which enables immediate access to the call. Participants may pre-register at any time, including up to and after the call start time. A live webcast of the call can be accessed from the following link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=ywDGGTq9, or from Arbe's Investor Relations website at: https://ir.arberobotics.com. An archived webcast of the conference call will also be made available on Arbe's Investor Relations website at: https://ir.arberobotics.com on the day following the call. About Arbe Arbe (Nasdaq: ARBE), a global leader in ultra-high-resolution radar solutions, is driving a radar revolution. Its cutting-edge radar chipset delivers up to 100 times more detail than other radar systems on the market, empowering automakers and radar Tier-1s to develop safe driving systems that scale from hands-free, eyes-off capabilities up to full vehicle autonomy. Arbe's technology addresses the most critical use cases by delivering real-time, 4-dimensional imaging that enables the perception stack with information such as precise mapping of drivable free space in highway and urban environments across all weather and lighting conditions. With its transformative impact across passenger, commercial, and industrial vehicle segments, as well as other advanced safety applications, Arbe is redefining the role of radar in next-generation mobility. Headquartered in Tel Aviv, Israel, the company also operates offices in the United States, Germany, and China. For more information, visit https://arberobotics.com/ Cautionary Note Regarding Forward-Looking Statements This press release contains, and the conference call described in this press release will contain, "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words "expect," "believe," "estimate," "intend," "plan," "anticipate," "may," "should," "strategy," "future," "will," "project," "potential" and similar expressions indicate forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These risks and uncertainties include the possible delisting of the Company's ordinary shares from Nasdaq in the even the bid price of the Company's ordinary shares remains below $1.00, the effect on the Israeli economy generally and on the Company's business resulting from the terrorism and the hostilities in Israel, including the war with Iran and Hezbollah and with its neighboring countries including the effects of the continuing war with Hamas in Gaza and any intensification of hostilities with others, including Iran and Hezbollah, and the effect of the call-up of a significant portion of its working population, including the Company's employees; \and the risk and uncertainties described in "Cautionary Note Regarding Forward-Looking Statements," "Item 3. Key Information – D. Risk Factors" and "Item 5. Operating and Financial Review and Prospects" and in the Company's Annual Report on Form 20-F for the year ended December 31, 2025, which was filed with the Securities and Exchange Commission (the "SEC") on March 27, 2026, as well as other documents filed by the Company with the SEC. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. Information contained on, or that can be accessed through, the Company's website or any other website or any social media is expressly not incorporated by reference into and is not a part of this press release. 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