Arbe Robotics Ltd.

Good day and welcome to the Arbe Robotics second quarter 2026 earnings results. All participants will be in a listen-only mode. Should you need assistance, please signal 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 then 1 on your touchtone phone. And to withdraw your question, please press star then 2. Please note this event is being recorded. I would now like to turn the conference over to Mr. Kenny Green. Please go ahead.

Thank you. Good day to all of you, and welcome to our base conference call to discuss the results of the second quarter of 2026. Before we begin, I'd like to remind all our listeners that certain information provided on this call may contain forward-looking statements, and the safe harbor statement outlined in today's earnings press 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 RBA's website. Today, we are joined by Ram Machness, RBA's CEO, Shlomit Hacohen, President and Co-Founder, and Karine Pinto-Flomenboim, Chief Financial Officer. Following management's formal remarks, we will open the call to the question and answer session. And with that, I'd now like to hand the call over to Ram Machness. Ram, please go ahead.

Thank you, Ken. Good morning, everyone, and thank you for joining us to review Aave's second quarter 2026 results. I am pleased with the solid progress we made in the second quarter. Our strategy was focusing on broader markets for our regular technology With high demand and more immediate revenue potential is clearly delivering results. We grew our revenue by meeting our customers' demands for immediate solutions using our technology, and we started to see the positive impact of our reduced expenses on our bottom line. Today, I will go through the main development of the quarter. Our biggest step forward in this quarter was in the defense and homeland security market. A leading global defense and homeland security integrator selected our technology for three projects. We signed a framework agreement and as we progress we expect to add more projects over time. In a short turnaround time, we shipped complete radar systems from our own production line for the immediate operational needs. Our radars are used to are part of defense and homeland security markets in many unique ways. They are used in fixed installations and vehicle mounted systems at both short and long ranges. These multiple use cases demonstrate how our versatile radar platform technology can support different needs. The project of OTERA, a supplier of autonomous systems with the U.S. Department of War, continues to progress. Our Tier 1 sensors supplies Proterra with high-definition imaging radar based on our chipset, and that radar is integrated into Proterra's auto-drive perception suite. It helps the vehicle recognize its surroundings, detect obstacles, and navigate unstructured, contested environments where GPS do not work. More broadly, we see further strong demands for our radar technology, with multiple defense and homeland security channels for various applications, We have shipped out systems for further evaluation. Many of these opportunities have significant business potential. And furthermore, since our product is clearly addressing multiple urgent operational needs, we see an effort by our potential customers to reduce cycle times towards full integration and deployment in the field. Beyond defense, we also continue to make progress in other broader radar applications. SENSRAD, a T1 Supplying Imaging Radar Break-On-Out Chipset for Defense and Commercial Applications, announced a new collaboration with VirtuRAID. SENSRAD announced that VirtuRAID is now integrating the radar into its automated service vehicles for underground tunnel construction. We continue to supply chipsets to SENSRAD, supporting its customers for Terra, Tiani, and Rochit. Alba is also directly engaged in other non-automotive programs at various stages of evaluation, including a number of potential applications with unmanned ground vehicles and other applications. In those applications of unmanned ground vehicles, the image coming from our high-definition imaging radar is so rich that it is possible to drive based solely on the radar output. With regard to our activities in the automotive market, Last quarter, we followed orders from a global robotics player for our Phoenix radar systems. Phoenix scales give full 360-degree sensing to support levels of autonomy. During the second quarter, we chose further progress, and our radar systems were integrated into their vehicles. I am pleased to say that these vehicles have now started onboard trials. We continue to engage in active bid processes with additional robot tactics players with very positive feedback. Turning to China. HiRent, our T1 in China, is a leading supplier in this market and offers a portfolio of radar systems built on our chipset. In December, we announced that HiRent's radar built on our chipset was selected for a level 4 program with a large Chinese automaker. During the quarter, we continued to ship chipsets to support this customer. Hiran advised us that they are now progressing towards the start of production, which is planned in the next few months. Alongside the high-end 48x48 system, Hiran is developing a second, lower spec platform based on our chipset. This platform has 24x12 channels at a lower cost point for a wider range of vehicles. These two platforms give us a direct path into the Chinese market, which is The largest and fastest-moving market for Level 2 Plus and Level 3 vehicles. IRON is also competing and undergoing due diligence in other meaningful RFIs and RFQs for the radar product portfolio based on our technology. This involves an evaluation and fee price. We are closely supporting IRON with all these evaluations as they progress through various stages of selection. We also continue to make steady progress with global OEMs. OEMs are actively testing advanced radar solutions with the goal to update their sensing suite to support higher level of autonomy. We feel that we are in good position as always regarded as the leading ultra-high resolution radar provider for level 3 autonomy and above at a lower enough cost that will allow for a proliferation of our technology through high volume programs and various OEMs. Let me say a few words on our revenue growth this quarter before we go into the numbers. While still modest, this trend is in the right direction and our sales this quarter grew on three fronts. We sold more chips to our tier 1, we sold radar systems into defense and civilian programs and we earned revenue from engineering and development work for our customers. This revenue mix show that our new strategy of end-market diversification is gaining traction. Some of the systems that we sold are being used by our integrator partners to compete on various projects. Any wins by them will potentially translate to significant revenue down the road. 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 the acquirer of both chipsets as well as complete end-to-end radar systems with much shorter cycles. With our focus on driving and market with urgent needs, we sell directly to customers who need our products now. This latter generates revenue in the near and medium term while still competing for the automotive OEM programs with their long-term significant revenue potential. At the end of 2025, We also announced steps to lower expenses and enhance operational efficiencies, and indeed, we have leveraged AI to automate many processes and lower our costs. We have reduced our cost base by about 15% for first quarter levels, and we expect to see the full effect by the third quarter, where our cash burn is targeted to fall to below $7 million per quarter due to the expected lower expenses and revenue growth. We ended the quarter with around $42 million in cash on the balance sheet, and given our expected reduced quarterly runway, we believe we have a sufficient runway to fully execute on our strategy. Looking back, our first half of 2026 reflects the early stages of this transition, and we expect meaningful growth in the second half of the year into 2027. Karine will share our detailed outlook shortly. With that, I'll hand over the call to our president and co-founder, Kobi Marenko. Kobi, please go ahead.