Joby Aviation, Inc. (NYSE:JOBY) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET

Company Participants

Teresa Thuruthiyil - Head of Investor Relations

JoeBen Bevirt - Founder and Chief Executive Officer

Paul Sciarra - Executive Chairman

Didier Papadopoulos - Head of Aircraft OEM

Matt Field - Chief Financial Officer

Conference Call Participants

Andres Sheppard - Cantor Fitzgerald

Kristine Liwag - Morgan Stanley

Bill Peterson - JP Morgan

Savanthi Syth - Raymond James

Austin Moeller - Canaccord Genuity

Edison Yu - Deutsche Bank

David Zazula - Barclays

Operator

Greetings, and welcome to Joby Aviation’s Third 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 you to our host, Teresa Thuruthiyil. Please proceed.

Teresa Thuruthiyil

Thank you. Hi everyone and welcome to Joby Aviation’s third quarter 2023 financial results conference call. I am 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 will refer both to GAAP and non-GAAP financial measures. A reconciliation of non-GAAP to GAAP measures is included in our Q2 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. In Joby's first quarterly results call as a public company, two years ago this month, we highlighted three long-term goals required to execute on our business plan. First, certifying our aircraft. Second, scaling our manufacturing, and third, preparing for commercial operations. Since then, we've been absolutely laser-focused on these three goals, and we've established a pattern of delivering against them consistently each quarter and this quarter is no different.