Nikola Corporation (NASDAQ:NKLA) Q2 2022 Earnings Conference Call August 4, 2022 9:30 AM ET

Company Participants

Henry Kwon - Director, Investor Relations

Mark Russell - Chief Executive Officer

Kim Brady - Chief Financial Officer

Conference Call Participants

Jeff Kaufman - Vertical Research Partners

Mike Shlisky - D.A. Davidson

Greg Lewis - BTIG

Bill Peterson - JPMorgan

Operator

Good morning. And welcome to Nikola Corporation’s Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. We begin today’s call with a short video presentation followed by management’s prepared remarks. A brief question-and-answer session will follow the formal presentation -- the formal prepared remarks. [Operator Instructions]

As a reminder, this conference is being recorded. It is my pleasure to introduce Nikola’s Director of Investor Relations, Henry Kwon. Thank you. Henry, you may begin.

Henry Kwon

Thank you, Operator, and good morning, everyone. Welcome to Nikola Corporation’s second quarter 2022 earnings call. With me today are Mark Russell, Chief Executive Officer of Nikola, and Kim Brady, Chief Financial Officer.

The press release detailing our financial results was distributed shortly after 6 a.m. Pacific Time this morning. The release can be found on the Investor Relations section of the company’s website along with presentation slides accompanying today’s call.

Today’s discussions include references to non-GAAP measures. These measures are reconciled to the most comparable U.S. GAAP measures and can be found at the end of the Q2 earnings press release we issued today.

Today’s discussions also include forward-looking statements about our expectations. Actual results may differ materially from those stated and factors that could cause actual results to differ are also explained at the end of the Q2 earnings press release and on page two of our earnings presentation.

Forward-looking statements speak only as of the date on which they are made. Readers are cautioned not to put undue reliance on forward-looking statements. We will now begin a brief video presentation followed by prepared remarks from Mark Russell and Kim Brady.

[Video Presentation]

Mark Russell

Thanks for joining us. Q2 was important for Nikola, first quarter generating revenue from Nikola TRE BEV. We couldn’t have achieved this milestone without the extraordinary hard work and dedication of our outstanding team of people. We are proud of what we have accomplished so far and we are so excited about continuing the strive to decarbonize heavy transport.

Let’s start with things on the vehicle front. We produced a total of 15 Nikola TRE BEVs in Coolidge, Arizona during the quarter and we delivered 48 of those to our dealers around the country. Two were delivered just after the quarter end and that will be reported with Q3 shipments.