Arbe's full-year revenue for 2022 is expected to be $3.5 million

In 2022, Arbe actively cooperated with 12 of the world's 15 leading automakers. Arbe's Tier 1 supplier partners, including Valeo, Veoneer, Hirain and Weifu, have made significant investments and deployed large teams to develop radar systems based on Arbe's chipsets. Since the fourth quarter of 2022, Arbe has cooperated with Vermont semiconductor manufacturer Global Foundries to complete the chipset mass production line, and Arbe's mass-produced RF chipsets have successfully obtained Japanese telecommunications and radio certification. Full-year revenue for 2022 was $3.5 million, an increase from $2.2 million in the previous year. New order revenue for the full year of 2022 was $1.6 million. As of December 31, 2022, the backlog of orders was $200,000, excluding orders for 340,000 radar chipsets from Hirain. The company's expected revenue for 2023 will be between $5 million and $7 million.