Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Q1 2022 Earnings Conference Call May 23, 2022 5:00 PM ET

Company Participants

Mark Connelly - VP, IR

Carsten Breitfeld - Global CEO

Becky Roof - Interim CFO

Conference Call Participants

Dan Ives - Wedbush

Trevor Young - Credit Suisse

Emmanuel Rosner - Deutsche Bank

Michael Ward - The Benchmark Company

Operator

Good afternoon and welcome to Faraday Future’s First Quarter 2022 Earnings Conference Call. Today's call is being recorded, and we have allocated 1 hour for prepared remarks and Q&A.

At this time, I would like to turn the conference over to Mark Connelly, Vice President of Investor Relations. Thank you. You may begin.

Mark Connelly

Thank you and welcome everyone to Faraday Future's first quarter 2022 earnings call. We filed our first quarter earnings report on Form 10-Q with the SEC today, May 23, 2022, and issued a press release summarizing those results.

Joining the call today from Faraday Future is our Global Chief Executive Officer, Dr. Carsten Breitfeld; and our Interim Chief Financial Officer, Becky Roof. On today's call, we will provide an update on current business conditions, the status of our FF 91 vehicle program and discuss our first quarter financial results. You can find a copy of the Form 10-Q and the Q1 2022 press release now, and a replay and transcript of this call later today in the Investor Relations section of our website at investors.ff.com.

Please note that on this call, we will be making forward-looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. These statements reflect our views only as of today, should not be relied upon as representative views as of any subsequent date. And we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations. For further discussion of the material risks and other important factors that could affect our financial results, please refer to our filings with the SEC.

With that, I will turn the call over to Dr. Carsten Breitfeld, Global CEO of Faraday Future.

Carsten Breitfeld

Thank you, Mark. And thank you everyone for joining us today. I would like to start by thanking Faraday Future's shareholders, employees, advisors, and suppliers for their commitment and support. As of this morning, I'm happy to say, we are once again current with our quarterly financial filings, and we expect to file our S-1/A promptly. I'm also very happy to be able to introduce you to our Interim CFO, Becky Roof. Becky has extensive public and private company CFO experience, and we are delighted to have her here with us at Faraday Future. Becky brings exceptional experience and relationships that are helping us quickly strengthen and build our financial reporting and systems. Chuck McBride, who has served briefly as our CFO, left the company for health reasons. And our Board has a search for a permanent CFO underway, but our most critical finance priority right now is to strengthen our systems and processes and Becky is making this happen.