Velodyne Lidar, Inc. (VLDR) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET
Company Participants
Andrew Chan – Head-Investor Relations
Ted Tewksbury – Chief Executive Officer
Drew Hamer – Chief Financial Officer
Conference Call Participants
Colin Rusch – Oppenheimer
Sam Peterman – Craig-Hallum Capital Group
Aileen Smith – Bank of America
Rajvindra Gill – Needham & Company
Operator
Hello, and welcome to the Velodyne Lidar First Quarter 2022 Financial Results Call. [Operator instructions]. Please also note, this event is being recorded.
And I would now like to turn the conference over to Andrew Chan. Mr. Chan, please go ahead.
Andrew Chan
Good afternoon, and thank you for joining us. This is Andrew Chan, Head of IR for Velodyne Lidar. With me on the call today, are Ted Tewksbury, Velodyne’s CEO and Drew Hamer, Velodyne’s CFO. On this call we will discuss Velodyne’s first quarter fiscal year 2022 financial results. Ted will open with the review of the strategy and Q1 accomplishments and Drew will review the financial results and outlook. Ted will return to summarize and open the call for questions.
To ensure that we address as many analyst questions as possible during the call, we request that you please limit to one initial question and one follow-up question. Before we begin, I would like to remind you that shortly after the market closed today, Velodyne issued a press release announcing its first quarter 2022 financial results. Velodyne also published an investor presentation. You may access the press release and the presentation in the investor relations section at 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.
In management’s financial remarks, non-GAAP metrics will be referenced. Management provides non-GAAP metrics because it uses them for budget-planning purposes and for making operational and financial decisions and believes that providing these non-GAAP financial measures to investors as a supplement to GAAP financial measures, 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.