Arbe Robotics (NASDAQ:ARBE) reported its Q1 earnings results on Wednesday, May 17, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Arbe Robotics beat estimated earnings by 7.14%, reporting an EPS of $-0.13 versus an estimate of $-0.14.
Revenue was down $521 thousand from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.12 which was followed by a 2.8% drop in the share price the next day.
Here’s a look at Arbe Robotics’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.14 | -0.16 | -0.16 | -0.18 |
| EPS Actual | -0.26 | -0.11 | -0.18 | -0.14 |
| Revenue Estimate | 1.95M | 2.52M | 1.39M | 1.04M |
| Revenue Actual | 149K | 1.26M | 1.24M | 876K |
To track all earnings releases for Arbe Robotics visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
