Joby Aviation, Inc. (NYSE:JOBY) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET

Company Participants

Teresa Thuruthiyil - Head of Investor Relations

JoeBen Bevirt - Founder and Chief Executive Officer

Didier Papadopoulos - Head, Aircraft OEM

Matt Field - Chief Financial Officer

Paul Sciarra - Executive Chairman

Conference Call Participants

Kristine Liwag - Morgoan Stanley

Andres Sheppard - Cantor Fitzgerald

Bill Peterson - JPMorgan

Edison Yu - Deutsche Bank

Matt Roberts - Raymond James

David Zazula - Barclays

Operator

Greeting and welcome to the Joby Aviation's First Quarter 2023 Conference Call and Webcast. At this time, all participants are in listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Teresa Thuruthiyil. Thank you. You may begin.

Teresa Thuruthiyil

Thank you. Welcome to Joby Aviation's first quarter 2023 financial results conference call and webcast. I'm Teresa Thuruthiyil, Joby’s Head of Investor Relations.

On the call today, we have JoeBen Bevirt, Founder and Chief Executive Officer; Paul Sciarra, Executive Chairman; Didier Papadopoulos, Head of Aircraft OEM; and Matt Field, Chief Financial Officer. After management's prepared remarks, we will open up the call for questions.

Please note that our discussion today will include statements regarding future events and financial performance, as well as statements of belief, expectation and intent. These forward-looking statements are based on management's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied. For a more detailed discussion of these risks and uncertainties, please refer to our filings with the SEC and the Safe Harbor disclaimer contained in today's Shareholder Letter. The forward-looking statements included in this call are made only as of the date of this call, and the company does not assume any obligation to update or revise them.

Also, during the call, we'll refer both to GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in our Q1 2023 Shareholder Letter, which you can find on our Investor Relations website along with the replay of this call.

With all of that said, I'll now turn the call over to JoeBen.

JoeBen Bevirt

Thank you, Teresa, and thank you everyone for joining us today. I'm pleased to report that we had a very successful quarter and we remain on track to deliver on the goals we highlighted in our last call. Before we get into the details and our recent news announcements, I wanted to give you a sense of the remarkable energy there is at Joby right now. For example, at our site in Marina, California, on one side of the airport, the team at our pilot production line is knocking it out of the park as we prepare our first company conforming aircraft to be rolled out as planned in the first half of this year. While on the other side of the airport, we have members of the United States Marine Corps, working with our flight test team today, assessing how our aircraft might be used for logistics and personnel movement. This is on top of the incredible work being done by our manufacturing team, also at Marina, who are delivering parts for the next aircraft on our production line.