Nikola Corporation. (NASDAQ:NKLA) Q1 2024 Earnings Conference Call May 7, 2024 10:30 AM ET

Company Participants

Steve Girsky - President, CEO
Thomas Okray - CFO

Conference Call Participants

Mike Shlisky - D. A. Davidson
Greg Lewis - BTIG
Winnie Dong - Deutsche Bank
Jeffrey Kaufman - Vertical Research Partners
Jeffrey Osborne - TD Cowen
Scott Group - Wolfe Research

Operator

Good morning. Welcome to Nikola Corporation’s First Quarter 2024 Earnings and Business Update Call. Currently, all participants are in listen-only mode. We will begin today's call with a short video presentation, followed by management's prepared remarks. A brief question-and-answer session will follow the prepared remarks. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce Soy Jin [ph], Head of Investor Relations. Please go ahead.

Unidentified Company Representative

Thank you, operator and good morning, everyone. Welcome to Nikola Corporation's first quarter 2024 earnings and business update call.

Joining me today are Steve Girsky, President CEO; and Tom Okray, Chief Financial Officer. A press release detailing our financial and business results was distributed earlier this morning. This release can be found on the Investor Relations section of our website, along with presentation slides accompanying today's call.

Today's discussion includes references to non-GAAP measures. These presentation includes adjusted EBITDA, earnings per share, adjusted free cash flow and other non-GAAP measures. These measures are reconciled to the most comparable U.S. GAAP measures and can be found at the end of the Q1 earnings press release we issued today. Today's discussion also includes forward-looking statement about our future results, expectations and plans.

Actual results may differ materially from those stated and some factors that could cause actual results to differ are also explained at the end of today's earnings press release and on Page 2 of our earnings call deck and also in our filings with the SEC.

Forward-looking statement speak only as of the date on which they're made. You are cautioned not to put undue reliance on forward-looking statement. After the video presentation, Steve and Brian will provide their prepared remarks, followed by analysts Q&A, then we will conclude with questions from our stockholders.

Please begin the video presentation. Thank you.

[Audio-Video Presentation]

Steve Girsky

Thanks, Sally and good morning everyone. Welcome to our first quarter 2024 earnings and business update call. We're thrilled to be joined for the first time by Tom Okray, our new chief financial officer. Tom brings four decades of public company experience to Nikola, from GM to Amazon to Eaton. He's approached our business with a fresh perspective. With this outlook and his keen sense of financial discipline we look forward to the impact he'll make on Nikola in the quarters to come.