Microvast Holdings (MVST) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

May 16, 2022 6:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Thank you for standing by. This is the conference operator. Welcome to the Microvast First Quarter 2022 Earnings Call. [Operator Instructions].

I would now like to turn the conference over to Sarah Alexander, Microvast's General Counsel. Please go ahead.

Sarah Alexander

Thank you, operator and thanks to the audience, for joining us today. Mr. Yang Wu, Chief Executive Officer will begin today's call with some opening remarks; Craig Webster, who was recently appointed as our Chief Financial Officer and Sascha Kelterborn, who was recently promoted to the position of President will host today's call. Leon Zheng, our former Chief Financial Officer who has transitioned into an advisory role with Microvast is also on the line.

Ahead of this call, Microvast issued its first quarter 2022 earnings press release, which can be found on the Investor Relations section of our website ir.microvast.com. In addition, we have posted tonight's accompanying slideshow presentation to our website. As a reminder please note that on this call, we will be making forward-looking statements on this call. These statements are based on current expectations and assumptions and reflect our views only as of today.

They should not be relied upon as representative about views as of any subsequent date, and we undertake no obligation to revise or publicly release the results of any revisions to these forward-looking statements in light of new information, or future events. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations.

For further discussion of the material risks, and other important factors that could affect our financial results. Please refer to our filings with the SEC, including our annual report on Form 10-K, filed on March 29, 2022. In addition during today's call, we may discuss non-GAAP financial measures, including adjusted gross profit, adjusted net loss and adjusted EBITDA, which we believe are useful as supplemental measures of Microvast's performance.

These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from GAAP results. These non-GAAP measures have been reconciled to their most comparable GAAP metric in the tables included at the earnings - at the end of our earnings press release. A webcast replay of this call will also be available on the Investor Relations section of our company website.