GreenPower Motor Company Inc. (NASDAQ:GP) Q1 2024 Earnings Call Transcript August 14, 2023 9:30 AM ET

Company Participants

Michael Sieffert - CFO

Fraser Atkinson - CEO

Brendan Riley - President

Claus Tritt - VP

Michael Perez - VP

Conference Call Participants

Craig Irwin - ROTH MKM

Greg Lewis - BTIG

Tate Sullivan - Maxim Group

Operator

Good day, and welcome to GreenPower First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. Please note that this event is being recorded.

I'd like to turn the conference over to Mr. Michael Sieffert, Chief Financial Officer. Go ahead.

Michael Sieffert

Thank you. This is Michael Sieffert, the Chief Financial Officer of GreenPower Motor Company. I would like to welcome everyone to our call to discuss GreenPower's results for the quarter ended June 30, 2023. I'm here today with our Chief Executive Officer, Fraser Atkinson; our President, Brendan Riley; Vice President, Claus Tritt; and Vice President, Michael Perez.

During today's call, we may make comments or statements about our future expectations, plans and prospects which may constitute forward-looking statements for the purposes of the safe harbor provision under the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in our quarterly interim results and MD&A filed on SEDAR and on EDGAR. In addition, these forward-looking statements relate to the date on which they are made. We anticipate subsequent events and developments may cause the company's views to change. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Also, during the course of today's call, we may make -- we may refer to certain non-IFRS financial measures. Reconciliation of these non-IFRS measures can be found in our MD&A filed on SEDAR and on EDGAR and is also located on our website at www.greenpowermotor.com.

I will now pass the call over to GreenPower's CEO, Fraser Atkinson.

Fraser Atkinson

Thanks, Michael. I want to start off with the events of a week ago when Proterra filed for Chapter 11 bankruptcy. The origin of Proterra was manufacturing all-electric heavy-duty 35 and 40-foot low floor transit buses. Over the years, they expanded their business to become a Tier 1 OEM supplier for drivetrains and batteries to other EV OEMs. This included supplying Thomas Built school buses for their all-electric Type C Jouley, which competes with our Type D BEAST school bus. They also supply batteries for all electric type A school buses and for Class IV vehicles, which compete with our Type A school bus, the Nano BEAST, and various EV Star models, respectively.