NuScale Power Corporation (NYSE:SMR) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET

Company Participants

Scott Kozak - Director of Investor Relations

John Hopkins - President and Chief Executive Officer

Ramsey Hamady - Chief Financial Officer

Conference Call Participants

Marc Bianchi - TD Cowen

Operator

Good afternoon, and welcome to NuScale's Second Quarter 2023 Earnings Results Conference Call. Today's call is being recorded. All participants are in a listen-only mode. After managements' prepared remarks, there will be a question-and-answer session. [Operator Instructions]

A replay of today's conference call will be available and accessible on NuScale's website at ir.nuscalepower.com. The web replay will be available for 30 days following the earnings call. A telephone replay will also be available for seven days through a registration link, also accessible on NuScale's website.

At this time, for opening remarks, I would like to turn the call over to Scott Kozak, Director of Investor Relations. Please go ahead, Mr. Kozak.

Scott Kozak

Thanks, operator. Welcome to NuScale's second quarter 2023 earnings results conference call. With us today are John Hopkins, President and Chief Executive Officer; and Ramsey Hamady, NuScale's, Chief Financial Officer. On today's call, NuScale will provide an update on our business and discuss financial results. We will then open up the phone lines for questions.

This afternoon, we posted a set of supplemental slides on our Investor Relations website. As reflected in the Safe Harbor on Slide 2, the information set forth in the presentation and discussed during the course of our remarks and the subsequent Q&A session includes forward-looking statements, which reflect our current views of existing trends and are subject to a variety of risks and uncertainties. You can find a discussion of our risk factors, which could potentially contribute to such differences in our SEC filings on Form S-1 and Form 10-Q.

I'll now turn the call over to John Hopkins, NuScale's President and Chief Executive Officer. John?

John Hopkins

Thank you, Scott, and good afternoon, everyone. On today's call, I'll cover our continued progress towards commercializing NuScale's SMR. This includes our momentum with our two committed customers as well as our business development activities, including customer pipeline expansion. I'll also provide an update on our financial results and outlook.

So before we dive in, I want to take a moment to discuss the leadership changes announced recently as we progress from being a research and development-focused company, through advancing our commercialization and project delivery efforts. This transition is supported by incorporating important new skill sets throughout the organization, continuing with the appointment of our new CFO, Robert Ramsey Hamady.