Arrive AI (NASDAQ:ARAI) shares are down on Thursday following a company update announcing a new board appointment.

The company announced on Tuesday that Michael Fitz, Vice President of Solutions and Indirect Channels at T-Mobile for Business, has been appointed to its board.

CEO Dan O’Toole said the appointment adds strategic expertise aligned with Arrive AI’s long-term vision, particularly in areas such as 5G, IoT and partner ecosystems. This is expected to support platform growth and infrastructure development.

Also, on Wednesday, the company reported fourth-quarter FY25 earnings beat.

Earnings Snapshot

Arrive AI reported a revenue of approximately $15,000, all from recurring subscription revenue, and a full-year revenue of about $113,000.

The company reported a net loss of approximately $2.7 million for Q4, compared to a loss of $1.3 million in the prior year quarter.

Loss per share came in at 12 cents slightly better than consensus loss of 13 cents per share.

“In ...