Fisker, Inc. (NYSE:FSR) Q1 2023 Earnings Conference Call May 9, 2023 8:00 AM ET

Company Participants

Frank Boroch - VP, IR & Treasury

Henrik Fisker - President, Chairman & CEO

Burkhard Huhnke - CTO

Geeta Gupta-Fisker - CFO, COO & Director

Conference Call Participants

Christopher McNally - Evercore ISI

Jeoffrey Lambujon - Tudor, Pickering, Holt & Co.

Pavel Molchanov - Raymond James & Associates

James Picariello - BNP Paribas Exane

Operator

Hello, and welcome to the Fisker Inc. First Quarter 2023 Earnings Call. [Operator Instructions].

I will now turn the conference over to -- sorry, to Frank Boroch, Vice President of Investor Relations. Please go ahead.

Frank Boroch

Thank you, Sarah. Hello, everyone, and welcome to Fisker's earnings call. As Sarah mentioned, my name is Frank Boroch, VP of Investor Relations and Treasury at Fisker. Joining me on today's call are Henrik Fisker, Chief Executive Officer; Dr. Burkhard Huhnke, Chief Technology Officer; and Dr. Geeta Gupta-Fisker, the Chief Financial Officer and Chief Operating Officer.

Please note that today's discussion includes forward-looking statements about our expectations. Actual results and future periods are subject to risks and uncertainties that could cause our results to differ materially from those projected. These risks include those set forth in the press release we issued earlier today as well as those more fully described in our filings with the Securities and Exchange Commission. Today's discussion also includes certain non-GAAP measures, including non-GAAP operating expenses. Quantitative reconciliations of our non-GAAP financial information to the most directly comparable GAAP financial information appears in today's earnings release.

With that, I'm happy to turn the call over to Henrik.

Henrik Fisker

Thank you, Frank. Good morning, everyone, and thank you for joining us today for our first quarter 2023 earnings call. I want to thank all of our stakeholders and partners for their amazing progress we made in 2023. And specifically, I would like to thank all of our loyal Ocean customers for your patience in these last few months where we've been working through homologation and supplier readiness. We are excited to have made our first Ocean delivery in Denmark last week, and it was great to [indiscernible] journey as well this week, our multi-country launch strategy is starting to take shape.

Now with that, I just want to build off script a little bit and give you sort of the story of the first delivery in Denmark, which I thought was quite amazing. And it does have a kind of a reason as we live in the sort of strange times where somebody can write an article, even from a very well-known news outlet without necessarily having the facts and suddenly have a huge impact on a company like ours because when, for example, Bloomberg writes something, then obviously it gets copied by a whole bunch of other sites thinking in and taking for granted that it's the truth.