Call Start: 17:00 January 1, 0000 5:37 PM ET

Sarcos Technology and Robotics Corporation (NASDAQ:STRC)

Q1 2022 Earnings Conference Call

May 11, 2022 17:00 ET

Company Participants

Ben Mimmack - Head of Investor Relations

Kiva Allgood - President & Chief Executive Officer

Steven Hansen - Executive Vice President & Chief Financial Officer

Conference Call Participants

Stephen Volkmann - Jefferies

John Walsh - Credit Suisse

Rob Mason - Baird

Operator

Good day, and thank you for standing by. Welcome to the First Quarter 2022 Sarcos Technology and Robotics Corporation Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

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

Ben Mimmack

Thanks, Andrea. Good afternoon, everyone, and welcome to the Sarcos first quarter earnings call. Joining us on the call this morning are Sarcos' President and Chief Executive Officer, Kiva Allgood; and Chief Financial Officer, Steven Hansen. Kiva will start the call with an overview of the first 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 and our press release announcing the closure of our acquisition of RE2. 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 first 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.