Sarcos Technology and Robotics Corporation (NASDAQ:STRC) Q2 2023 Earnings Conference Call August 9, 2023 4:30 PM ET

Company Participants

Maria Shelton - Accredited Financial Counselor, Financial Profiles, IR

Laura Peterson - Interim President and Chief Executive Officer

Drew Hamer - Chief Financial Officer

Conference Call Participants

Rob Mason - Baird

Chirag Patel - Jefferies.

Operator

Good day and thank you for standing by. Welcome to the Q2 2023 Sarcos Technology and Robotics Corporation Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Maria Shelton.

Maria Shelton

Thank you, operator. Good afternoon everyone, and welcome to the Sarcos Technology and Robotics Corporation second quarter 2023 earnings call. Joining us on the call this afternoon are Sarcos’ Interim President and Chief Executive Officer, Laura Peterson; and Chief Financial Officer, Drew Hamer. Laura will start the call with a discussion of business highlights from the second quarter and recent events, and Drew will then talk in more detail about the financial results before management takes questions from analysts.

Before we begin, we must state that today's call will contain forward-looking statements including statements concerning future commercial production and availability of our products, product features and capabilities, target markets and market trends, size and expectations, customer demand and future financial results, condition and cash flows including future revenues, costs and cost trends, cash usage, restructuring charges and liquidity.

These statements represent management's beliefs and expectations as to future events of today, but there are many risks and uncertainties that could cause actual results to differ from what we have projected. Among those risks and uncertainties are those described in our report on Form 10-Q filed today with the SEC and those mentioned in today's earnings press release. We encourage you to review the risks and uncertainties described in this press release and 10-Q and in our filings with the SEC for further information regarding these actual and potential risks and uncertainties.

We also encourage you to review the special notes regarding forward-looking statements included in our earnings release and 10-Q for the second quarter 2023 filed with the SEC this afternoon in which we posted in Investors section of our website at sarcos.com and on the SEC's website. In addition, we'll be discussing certain non-GAAP financial measures on our call today. Throughout this call, all financial measures will be GAAP, unless otherwise noted.