Pagaya Technologies Ltd. (NASDAQ:PGY) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET
Company Participants
Jency John - Head of Investor Relations
Gal Krubiner - Chief Executive Officer
Michael Kurlander - Chief Financial Officer
Conference Call Participants
Eugene Simuni - MoffettNathanson
Rayna Kumar - UBS
Joseph Vafi - Canaccord Genuity
Michael Legg - The Benchmark Company
Hal Goetsch - B. Riley Financial
David Scharf - JMP Securities
Vincent Caintic - Stephens
Operator
Good day and welcome to Pagaya's Second Quarter 2023 Earnings Call. Today's call is being recorded.
At this time, I would like to turn the call over to Jency John, Head of Investor Relations.
Jency John
Thank you and welcome to Pagaya's second quarter 2023 earnings conference call. Joining me today to talk about our business and results are Gal Krubiner, Chief Executive Officer of Pagaya; and Michael Kurlander, our Chief Financial Officer. You can find the materials that accompany our prepared remarks and a replay of today's webcast on the Investor Relations section of our website at investor.pagaya.com.
Our remarks today will include forward-looking statements that are based on our current expectations and forecasts and involve certain risks and uncertainties. These statements include but are not limited to, our competitive advantages and strategies, macroeconomic conditions and outlook, future products and services, and future business and financial performance.
Our actual results may differ from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are described in today's press release and in our Form 20-F filed on April 20, 2023, with the US Securities and Exchange Commission, as well as our subsequent filings made with the SEC. 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.
Additionally, non-GAAP financial measures, including adjusted EBITDA, adjusted net income, and fee revenue less production costs. Our FRLPC will be discussed on the call. Reconciliations to the most directly comparable GAAP financial measures are available in our earnings release and other materials which are posted on our Investor Relations website.
Before we begin our prepared remarks, we want to note that this quarter, we published our inaugural shareholder letter in lieu of our usual earnings presentation. We encourage you to review the shareholder letter, which was furnished with the SEC on Form 6-K today for detailed commentary on our business and performance in conjunction with the accompanying earnings supplement and press release. All documents are available on our Investor Relations website.