Velodyne Lidar, Inc. (VLDR) Q3 2022 Earnings Conference Call November 8, 2022 4:30 PM ET

Company Participants

Jordan Darrow - Investor Relations, Darrow Associates

Ted Tewksbury - Chief Executive Officer

Mark Weinswig - Chief Financial Officer

Conference Call Participants

Colin Rusch - Oppenheimer

Nick Doyle - Needham

Samik Chatterjee - JPMorgan

Mark Delaney - Goldman Sachs

Operator

Welcome to Velodyne Lidar Third Quarter 2022 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Mr. Jordan Darrow, Investor Relations. Please go ahead.

Jordan Darrow

Thank you, operator. Good afternoon, and thank you for joining us. With me on the call today are Dr. Ted Tewksbury, Velodyne’s Chief Executive Officer; and Mark Weinswig, Chief Financial Officer. On today's call we will discuss Velodyne’s third quarter financial results and provide an outlook for the fourth quarter.

Surely after the market close today, Velodyne issued a press release announcing it’s third quarter financial results. Velodyne also published an investor presentation reflecting our recent performance. You may access these documents in the Investor Relations section of velodynelidar.com. Today's discussion includes forward-looking statements. Please refer to our press release and our SEC filings including our most recent 10-K and 10-Q for a discussion of factors that could cause the company's actual results to differ materially from these forward-looking statements.

All forward-looking statements in this discussion are based on information available to the company as of the date hereof. The company undertakes no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as required by law.

Please also note our results and projections discussed in this call may include non-GAAP metrics. Management provides non-GAAP metrics, because it uses them for budget planning purposes and for making operational and financial decisions and believes by providing these non-GAAP financial measures as a supplement to GAAP financial metrics will help investors evaluate Velodyne's core operating and financial performance and business trends consistent with how management evaluates such performance and trends.

In addition, management believes these measures facilitate comparisons with the core operating and financial results and business trends of competitors and other companies. A full description and reconciliation of these non-GAAP measures versus GAAP is included in the company's press release issued today.