Arbe Announces Q2 2023 Financial Results
TEL AVIV, Israel, Aug. 9, 2023 /PRNewswire/ -- Arbe Robotics Ltd. (NASDAQ:ARBE) ("Arbe"), a global leader in perception radar solutions, today announced financial results for its second quarter ended June 30, 2023.
Key Q2 and Recent Company Highlights:
Weifu High-Technology Group placed an $11.6 million preliminary order for radar chipsets which will enable Arbe to meet Weifu's estimated requirements for 2024, for customers across China. Additionally, Weifu placed a $1 million order for professional services including engineering services, setup of a testing lab, and advanced support from Arbe.Arbe's chipset is in final stages of selection with 11 premium leading OEMs across Europe and China
