Nikola Corporation (NASDAQ:NKLA) Q2 2024 Earnings Conference Call August 9, 2024 10:30 AM ET

Company Participants

Soei Shin - Head of Investor Relations
Steve Girsky - President and CEO
Tom Okray - CFO

Conference Call Participants

Mike Shlisky - D. A. Davidson
Greg Lewis - BTIG
Jeff Kaufman - Vertical Research Partners
Ben Kallo - Baird

Operator

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

[Audio Video Presentation]

Soei Shin

I'd like to welcome those listening by phone and those on the webcast to Nikola Corporation's second quarter 2024 earnings and business update call. Joining me today are Steve Girsky, President and 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. The 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 Q2 earnings press release we issued today.

Today's discussion also includes forward-looking statements about our future results, expectations, and plans. Actual results may differ materially from those stated, and some factors that cause actual results to differ are also explained at the end of today's earnings press release on Page 2 of our earnings call deck and in our filings with the SEC. Forward-looking statements speak only as of the date on which they are made. You are cautioned not to put undue reliance on forward-looking statements.

After Steve and Tom's prepared remarks, we'll take questions from our stockholders and then conclude with questions from analysts.

Steve Girsky

Thanks, Zoey, and good morning, everyone. Welcome to our second quarter 2024 earnings and business update call.

Last quarter, I talked about executing plays, competing, and cultivating green shoots. Today, I want to talk about how Nikola is starting to bring together a purpose-driven coalition to build the hydrogen ecosystem. Like-minded partners include our dealers, fleet customers, suppliers, and strategic partners such as automotive OEMs, hydrogen producers, and big energy who have vested interests in the hydrogen economy and want to see it succeed as much as we do. There is a need and urgency to accelerate our efforts.