Cepton, Inc. (NASDAQ:CPTN) Q1 2023 Results Conference Call May 9, 2023 5:30 PM ET

Company Participants

Hull Xu - CFO

Jun Pei - Co-Founder and CEO

Mitch Hourtienne - SVP, Business Development

Conference Call Participants

Richard Shannon - Craig-Hallum

Gus Richard - Northland

Matthew Galinko - Maxim Group

Operator

Good day, and welcome to Ceptons' First Quarter 2013 Earnings Call and Business Update. At this time, all lines in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions] This call is being recorded on Tuesday, May 9, 2023.

I would now like to turn the conference over to Hull Xu, Chief Financial Officer. Hull, please go ahead.

Hull Xu

Thank you, and welcome to Ceptons' first quarter 2023 earnings call and business update. With me today are Jun Pei, Co-Founder and Chief Executive Officer; and Mitch Hourtienne, Senior Vice President of Business Development.

During the call, we may refer to our unaudited GAAP and non-GAAP measures in our earnings release. The non-GAAP financial measures should not be considered as a substitute for or superior to the measures of financial performance prepared in accordance with GAAP. Reconciliations for non-GAAP measures are included in our earnings release.

I would like to remind everyone that comments made in this conference call may include forward-looking statements regarding the Company's expected operational and financial performance for future periods. These statements are based on the Company's current expectation and are subject to the Safe Harbor statements, relating to forward-looking statements contained in our earnings release and the slides that accompany this call.

Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of risks, uncertainties or other factors, including those discussed in the earnings release or during today's call, and those described in our filings with the US SEC. We are not undertaking any commitment to update these statements as a result of future events except as required by law.

As a quick reminder, this call is being recorded, and you can find the earnings release and slides that accompany this call as well as a Webcast replay for this call at investors.cepton.com. Now I'd like to turn the call over to Jun.

Jun Pei

Thank you, Hull, and good afternoon, everyone. Thank you for joining Cepton's first quarter 2023 earnings call. We will provide a business update and review our first quarter financial results with you. I will start with an update on our series production execution. On the product side, we continue to ship preproduction units to Koito throughout the quarter. While the exact date of vehicle production launch is for the OEM to decide, our lidar remains on track to receive final validation from our OEM customer for production in saleable vehicles.