shareholders         (12,574)    (11,697)    (37,121)        (34,215) 
 
Add: 
Stock-based 
 compensation            3,800       3,707      11,399           9,428 
Warrants to 
 service 
 providers                 291         178         639             432 
Revaluation of 
 warrants and 
 accretion                (67)       (252)       (335)           (490) 
Convertible bonds 
 accretion                 117           -         140               - 
Non-recurring 
 expenses related 
 to convertible 
 bonds and ATM               -           -         805             214 
 
Non-GAAP net loss      (8,433)     (8,064)    (24,473)        (24,631) 
                    ----------  ----------  ----------  -------------- 
 
Basic Non-GAAP net 
 loss per ordinary 
 share                  (0.10)      (0.10)      (0.31)          (0.35) 
                    ----------  ----------  ----------  -------------- 
 
Weighted-average 
 number of shares 
 used in computing 
 basic Non-GAAP 
 net loss per 
 ordinary share     80,957,931  77,474,326  79,914,649      69,975,104 
                    ----------  ----------  ----------  -------------- 
 
Diluted Non-GAAP 
 net loss per 
 ordinary share         (0.13)      (0.12)      (0.38)          (0.40) 
                    ----------  ----------  ----------  -------------- 
 
Weighted-average 
 number of shares 
 used in computing 
 diluted Non-GAAP 
 net loss per 
 ordinary share     66,586,095  67,286,305  64,503,654      61,452,569 
                    ----------  ----------  ----------  -------------- 
 
          RECONCILIATION OF GAAP NET LOSS TO ADJUSTED EBITDA 
---------------------------------------------------------------------- 
(U.S. dollars in 
thousands) 
 
                     3 Months    3 Months    9 Months 
                       Ended      Ended       Ended     9 Months Ended 
                      Sep 30,     Sep 30,     Sep 30, 
                       2024        2024        2024      Sep 30, 2024 
                    ----------  ----------  ----------  -------------- 
GAAP net loss 
 attributable to 
 ordinary 
 shareholders         (12,574)    (11,697)    (37,121)        (34,215) 
 
Add: 
Financial expenses 
 (income), net             127         134         303           (573) 
Depreciation               148         139         437             415 
Stock-based 
 compensation            3,800       3,707      11,399           9,428 
Warrants to 
 service 
 providers                 291         178         639             432 
Non-recurring 
 expenses related 
 to ATM                      -           -          68             214 
 
Adjusted EBITDA        (8,208)     (7,539)    (24,275)        (24,299) 
                    ----------  ----------  ----------  -------------- 
 

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SOURCE Arbe

/CONTACT: Miri Segal-Scharia, msegal@ms-ir.com, 917-607-8654

(END) Dow Jones Newswires

November 27, 2024 07:00 ET (12:00 GMT)