Canoo Inc. (NASDAQ:GOEV) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET

Company Participants

Kunal Bhalla - Senior Vice President, Corporate Development and Capital Markets

Tony Aquila - Investor, Chairman and Chief Executive Officer

Ken Manget - Chief Financial Officer

Ramesh Murthy - Chief Accounting Officer

Conference Call Participants

Amit Dayal - H.C. Wainwright

Stephen Gengaro - Stifel

Jaime Perez - R.F. Lafferty

Pavel Molchanov - Raymond James

Operator

Greetings, and welcome to the Canoo Second Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce Kunal Bhalla, Senior Vice President of Corporate Development and Capital Markets. Thank you. You may begin.

Kunal Bhalla

Thank you, everyone, for joining us on our Q2 2023 earnings call. During the call, Tony will update you on our business. Ken will provide an update on our capital raise plans, and Ramesh will go over the Q2 financial results. We will then open up the call for questions.

Please be advised we may make forward-looking statements based on current expectations. These are subject to significant risks and uncertainties, and our actual results may differ materially. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release and in our most recent Form 10-Q and 10-K and other reports that we may file with the SEC, including Form 8-Ks. All of our statements are made as of today and are based on information currently available to us. Except as required by law, we assume no obligation to update any such statements. During this call, we'll discuss non-GAAP financial measures. You can find the reconciliation of these non-GAAP financial measures to GAAP financial measures in today's earnings release, which can be found on the IR section of our website.

Now, please navigate to the webcast landing page and access the video link towards the bottom left of the page. We will pause briefly while you watch the video. [Video being played]

Over to you, Tony.

Tony Aquila

Thanks, Kunal, and welcome, everyone. Let's start with legacy matters. On August 4, 2023, the company has finally settled the SEC matter regarding the acts of former executives. This has been a significant burden on the company's time, resource, and the process has taken us 28 months and millions of dollars, which reduced our ability to access the capital markets in to higher-cost channels during this period because of perceived uncertainty. We now look forward in moving past this matter. Putting it to an end is a welcomed and liberating event for us.