Sarcos Technology and Robotics Corporation (NASDAQ:STRC) Q2 2022 Results Conference Call August 9, 2022 5:00 PM ET

Company Participants

Ben Mimmack - Head, IR

Kiva Allgood - President and CEO

Steve Hansen - CFO

Conference Call Participants

Robert Mason - Baird

Guy Hardwick - Credit Suisse

Operator

Good afternoon, and thank you for standing by. Welcome to the Sarcos Technology and Robotics Second Quarter 2022 Earnings Call. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Ben Mimmack, Head of Investor Relations.

Ben Mimmack

Thanks, Denise. Good afternoon, everyone, and welcome to the Sarcos second quarter earnings call.

Joining us on the call this afternoon are Sarcos' President and Chief Executive Officer; Kiva Allgood; and Chief Financial Officer, Steve Hansen. Kiva will start the call with an overview of the second quarter and recent events, and Steve will then talk in more detail about our financial results before we take questions from analysts. Before we begin, we must state that today's call will contain forward-looking statements, including statements concerning future commercial availability of our products, market trends, revenues, costs and liquidity.

In addition, any statements about future performance related to our acquisition of RE2, including our expectations regarding the benefits to be achieved, the financial performance of the combined company, future market or revenue opportunities, integration plans and other statements regarding the combination of the 2 companies are forward-looking statements. These statements represent management's beliefs and expectations as to future events as of today, but there are many risks and uncertainties that could cause the actual results to differ from what we have projected. Among those risks and uncertainties are those described in our quarterly 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 these press releases 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 note regarding forward-looking statements included in our earnings release and 10-Q for the second quarter of 2022 in each case filed with the SEC this afternoon and which will be posted in the Investors section of our website at sarcos.com and on the SEC's website.

In addition, we will be discussing certain non-GAAP financial measures on our call today. Throughout this call, all financial measures will be GAAP, unless otherwise noted. A reconciliation of any non-GAAP measures to their most directly comparable GAAP measures as well as the description, limitations and rationale for such measures are included in the earnings release filed with the SEC this afternoon and which is available on our website and on the SEC's website. A recording of this call will also be archived on our website. The information that we're giving you on the call is as of today's date, and we undertake no obligation to update the information subsequently.