Archer Aviation Inc. (NYSE:ACHR) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET

Company Participants

Adam Goldstein - Founder, Chief Executive Officer

Mark Mesler - Chief Financial Officer

Tom Muniz - Chief Operating Officer

Andy Missan - Chief Legal Officer

Conference Call Participants

Bill Peterson - JP Morgan

Savi Syth - Raymond James

Andres Sheppard - Cantor Fitzgerald

Edison Yu - Deutsche Bank

David Zazula - Barclays

Austin Moeller - Canaccord

Josh Sullivan - Benchmark

Operator

Good afternoon. Thank you for attending today's Archer Aviation, Q3 2023 Financial Results Conference call. My name is Cole and I'll be the moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for questions-and-answers at the end. [Operator Instructions].

I'd like to turn the conference over to our host, Andy Missan. Please go ahead.

Andy Missan

Thank you, operator. Good afternoon, everyone, and thank you for joining us today to review Archer's third quarter 2023 operating and financial results. My name is Andy Missan, Chief Legal Officer of Archer.

On the call today are Adam Goldstein, our Founder and CEO; Mark Mesler, our CFO; and Tom Muniz our COO.

During today's call, we will be making forward looking statements. These statements involve risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements.

For more information about these risks and uncertainties, please refer to our SEC filings under the caption Risk Factors. Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events.

During this call we will discuss both GAAP and non-GAAP financial measures. A reconciliation of certain GAAP to non-GAAP measures is included in our shareholder letter posted on our IR website.

And now I'd like to turn the call over to Adam. Adam?

Adam Goldstein

Thanks, Andy. I Founded Archer just over five years ago. This month, our team completed the maiden flight of our third generation eVTOL aircraft Midnight. People often ask how we've been able to make such rapid progress. My goal since day one was to find the most efficient path to commercialize eVTOL. We've been able to get to this point only because of our relentless focus on that goal.

Launching any new industry is difficult, mainly because there's no playbook to do so. And bringing to market the first electric aircraft is incrementally harder. Being at the forefront of the industry, means we often are setting the standard for the first time.