Archer Aviation Inc. (NYSE:ACHR) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET

Company Participants

Eric Lentell - General Counsel
Adam Goldstein - Founder and CEO
Mark Mesler - CFO
Tom Muniz - CTO

Conference Call Participants

Savi Syth - Raymond James
Bill Peterson - JPMorgan
Edison Yu - Deutsche Bank
Austin Moeller - Canaccord
Josh Sullivan - The Benchmark Company
David Zazula - Barclays

Operator

Good afternoon. Thank you for attending today's Archer Aviation Q2 '24 Operating Financial Results Conference Call. My name is Bethany and I will be the moderator for today's call. [Operator Instructions]

I'd now like to pass the conference over to our host, Eric Lentell with Archer Aviation. Please go ahead.

Eric Lentell

Good afternoon, and thank you for joining Archer's earning call. This is Eric Lentell, Archer's General Counsel. On the call with me today are Adam Goldstein, our Founder and CEO; Mark Mesler, our CFO; and Tom Muniz, our CTO.

On the call, we will be making forward-looking statements. Those forward-looking statements are based on assumptions as of today and we undertake no obligation to update the statements as a result of new information or future events. 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 those risks and uncertainties, please refer to the risk factors in our SEC filings.

We will also discuss both GAAP and non-GAAP financial measures on today's call. A reconciliation of those GAAP to non-GAAP financial measures is included in our shareholder letter and earnings release from today.

And with the legalese out of the way, I'll turn the call over to Adam.

Adam Goldstein

Thanks, Eric.

Since founding Archer, we've been focused on finding the most capital and time efficient path to bringing electric aircraft to market. Our team is unified around the same goal of commercializing our Midnight aircraft, which is designed to safely and quietly carry passengers above traffic on short, emissions-free flights across cities all over the world.

Over the last few years, our team has been hard at work putting in place the building blocks to make those flights an everyday reality. On this call, I will focus my discussion on the maturity of our engineering, the expanded manufacturing partnership with Stellantis, and our go-to-market progress, all centered around the goals commercializing Midnight over the next 18 months. This quarter, we accomplished so much, so please take the time to read our shareholder letter we released earlier today.