Otonomo Technologies Ltd. (NASDAQ:OTMO) Q1 2023 Earnings Conference Call May 17, 2023 8:30 AM ET
Company Participants
Juliet McGinnis - Senior Director of Communications
Ben Volkow - Co-Founder, Chief Executive Officer & Chairman of the Board
Bonnie Moav - Chief Financial Officer
Conference Call Participants
Josh Nichols - B. Riley
Hansen Chang - Riva Ridge
Operator
Good morning and welcome to the Otonomo First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. Thank you all for joining us today. Welcome to Otonomo's First Quarter 2023 Earnings Call.
Before we begin, I would like to remind you that our discussions today will include forward-looking statements that are subject to risks and uncertainties relating to future events and the future financial performance of Otonomo. Actual results could differ materially from those anticipated in the forward-looking statements. Forward-looking statements made today speak only to our expectations as of today, and we undertake no obligation to publicly update or revise them. For a discussion of some of the important risk factors that could cause actual results to differ materially from any forward-looking statements, please see the Risk Factors section of Otonomo's Form 20-F filled with the SEC on March 31, 2023, and other documents filed with Otonomo from time to time with the SEC. If you have not received a copy of the earnings press release, please download one from the Investor Relations section of the company's website. Following the call, a replay of the webcast will be available on Otonomo's Investor Relations website. Please also note that this -- please also note that we will present non-GAAP operating loss on today's call, which is a historical non-GAAP financial measure because this financial measure is used in Otonomo's internal analysis of financial and operating performance. Otonomo believes that it is -- provides increased transparency to investors of management's view and economic performance. Otonomo also believes that the presentation of the measures allow investors to more effectively evaluate and compare the performance of Otonomo to that of its peers.
Although Otonomo presentation of this non-GAAP measure may not be comparable to other similar titled measures of other companies, a reconciliation of this measure to its most directly comparable GAAP financial measure is included in our earnings release.
Today, we are joined by Mr. Ben Volkow, CEO and Co-Founder of Otonomo; and Ms. Bonnie Moav, CFO of Otonomo. Ben will start us off with an update on the current state of the market and the business. Next, Bonnie Moav will give us an overview of the company's financial results. We will then open the call to a live question-and-answer session.