Arbe Robotics Ltd.

Good morning, everyone, and welcome to the RBA Robotics fourth quarter and full year 2024 financial results conference call. All participants will be in a listen-only mode. Should you need assistance, please send to a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star and then one on your touchtone phones. To draw your questions, you may press star and two. Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Mary Stegall, CEO of MSIR. Please go ahead.

Thank you, operator, and everyone for joining us today. Welcome to our base conference call. 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 earnings 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 website. Today, we are joined by Kobi Marenko, Arbe's co-founder and CEO, who will begin the call with a business update. Then we will turn the call over to Karim Pinto Flomenboim, CFO, who will review the financials. Finally, we will open the call for the question and answer session. With that, I'd like to turn it over to Kobi Marenko. Kobi, please go ahead.

Good morning, everyone, and thank you for joining us. I will begin by reviewing some of our recent business highlights. Throughout the year, we focused on driving a radar evolution by innovating and delivering cutting-edge solutions that set new industry standards. Our commitment to pushing the boundaries of radar technology with our industry-leading solutions remains strong. We take pride in the progress we have made in both product development and customer relationships, expanding and enhancing our offerings. Many top car manufacturers are actively selecting their radar suppliers this year, and we are confident that our chipset will play a key role in those discussions. In 2024, one of the top 10 global auto OEMs selected our chipset for its next-generation imaging radar. Zensac, a Swedish AI and software company, and Alves T1 Sensorad, have announced a joint exploration of 4G high-resolution imaging radar to enhance safety in automated driving. We were thrilled to announce a collaboration with NVIDIA, where together we are revolutionizing vehicle safety and autonomy. We are proud to showcase this groundbreaking technology at the CES exhibition in Las Vegas in January. Our high-resolution radar integrates with NVIDIA's in-vehicle computing platform to transform radar-based free space mapping. These technologies combine to redefine vehicle perception and decision-making, paving the way for what we believe will be safer and smarter mobility solutions. We look forward to future collaboration with NVIDIA. In September, Hiren Technologies, one of our key team ones, announced that it is in fast tracking of the development of an ADA system for a Chinese auto manufacturer using our chipset, effectively replacing LIDAR from the current system. The ADA system is anticipated to enter serial production by Q4 2025, pending final approval from the OEM. Additionally, in 2024, we announced a collaboration with a leading European truck manufacturer to integrate our automotive-grade imaging radar technology into its next-generation sensor suit. This marks a significant milestone in the manufacturer's transition to an advanced implementation stage. It is important to mention that our radar technology addresses the unique challenges of the trucking market, such as larger size of trucks, longer braking distances, and higher impact potential. Moving on, Sensuad announced that it has signed a framework agreement worth an estimated $7.3 million to supply 4D imaging radars powered by ARBIS technology to Tianyi Transportation Technology in China for vehicle road cloud integration technology. This framework agreement followed an extensive year-long evaluation of our advanced chipset technology. We believe that there are significant opportunities for growth in the non-automotive market, and we are happy to support SENSRAP in delivering unparalleled radar solutions and driving innovation forward in such key markets. While the decision-making process and development timelines are longer than initially expected, We have not received negative responses or missed any opportunities, and the total addressable market continues to expand. Based on our current engagement and our ability to secure and execute contracts with leading OEMs, we estimate that by 2030, we can ship around 5 million imaging radar chipsets to our customers. I'd like to elaborate on our successful fundraising initiatives which resulted in a total amount of nearly $70 million. This includes $33 million raised through an underwriting registered direct offering, which included the exercise of a $4 million over-enrollment option by the underwriters closed in January 2025, led by Panacort Genuity. $21.5 million released to the company in January 2025 from the ESCO account following the conversion of convertible bonds issued on Tel Aviv Stock Exchange in 2024. $15 million raised in underwriting public offerings that closed in November 2024, led by Canaccord, along with $0.5 million raised in January 2025 from the exercise of warrants issued as part of the November 2024 offerings. We're delighted to share that AWM Special Situations Fund, one of our largest shareholders, has invested in our recent fundraising round for the third time. In addition, we are happy to welcome the new investors who participated and believe in the future of our day. This funding provides the financial support needed to accelerate our growth, enhance the development of the next generation of our radar solutions, and reinforce our market leadership. With a strong balance sheet that helps ensure our financial stability, we believe we are in a great position to grow our global presence and gain more OEM and Tier 1 relationships. In conclusion, we are pleased with the progress we've made over the past year, along with the achievement of our Tier 1 partners and recent collaborations with key players like NVIDIA. We look forward to sharing more as we continue to move forward. Now, I'd like to turn it over to our CFO, Corinne, to go over the financials.