What caused ARBE's EPS surprises in 2024?

Arbe Robotics experienced an EPS surprise of -0.02 for the quarter ended December 31, 2024, with a diluted EPS of -$0.15 for the most recent quarter ending on December 31, 2024. The EPS surprise can be attributed to several key factors: 1. **Revenue Decline**: Arbe Robotics saw a significant drop in revenue, which fell by 71.5% to $99.00 thousand compared to the previous year. Analysts had expected revenue to be $400.00 thousand, highlighting a substantial shortfall. This decline in revenue contributes to the negative EPS surprise. 2. **Operating Loss**: The company reported an operating loss of $12.4 million for the quarter, which is an increase from the $11.6 million operating loss in the same quarter of the previous year. This widening operating loss reflects the challenges Arbe Robotics is facing and contributes to the negative EPS surprise. 3. **Market Challenges**: Arbe Robotics is navigating a challenging market environment, particularly in the automotive and electric vehicle markets. The company's revenue was heavily impacted by these market challenges, which directly influenced its earnings per share (EPS) performance. In summary, Arbe Robotics' EPS surprise in 2024 was primarily driven by a combination of revenue decline and increased operating loss, influenced by the company's strategic positioning and market conditions. |code|Ticker|Name|Date|Estimate EPS|EPS Surprise|market_code| |---|---|---|---|---|---|---| |ARBE|ARBE.O|Arbe Robotics|2024 Q1|-0.13|-0.01|186| |ARBE|ARBE.O|Arbe Robotics|2024 Q2|-0.17|0.08|186| |ARBE|ARBE.O|Arbe Robotics|2024 Q3|-0.15|0.02|186| |ARBE|ARBE.O|Arbe Robotics|2024 Q4|-0.09|-0.02|186|