Archer Aviation Inc. (NYSE:ACHR) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET

Company Participants

Eric Lentell - General Counsel
Adam Goldstein - Founder and CEO
Priya Gupta - Interim CFO
Billy Nolen -
Tom Muniz - CTO

Conference Call Participants

Anand Balaji - Cantor Fitzgerald
Savi Syth - Raymond James
Bill Peterson - JPMorgan
Edison Yu - Deutsche Bank
Savi Syth - Raymond James
Mahima Kakani - J.P. Morgan
Josh Sullivan - The Benchmark Company
David Zazula - Barclays
Amit Dayal - H.C. Wainwright

Operator

Good afternoon. Welcome to today's Archer Aviation Third Quarter 2024 Financial Results Conference Call. My name is Victoria, and I will be your moderator today. [Operator Instructions] I'd now like to pass the conference over to your host, Eric Lentell, Archer's General Counsel. Thank you. You may proceed, Eric.

Eric Lentell

Good afternoon, and thank you for joining Archer's earnings call. This is Eric Lentell, Archer's General Counsel. On our call today, 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 be discussing 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?

Adam Goldstein

Thanks, Eric. Since founding Archer, our mission has been constant to pursue the most efficient path to making urban air mobility an everyday reality. Over the past 6 years, we have worked to establish the foundation to allow Archer to seamlessly transition from concept to commercialization. Now regulators and industry leaders are moving increasingly in lockstep as we enter the commercialization phase of eVTOL.

At Archer, we're honored and energized to be at the forefront of that shift. This momentum was unmistakable last month when the FAA Administrator, Mike Whitaker, signed the final powered-lift, SFAR, the Special Federal Aviation Regulation, alongside Archer's Chief Regulatory Affairs Officer and his predecessor, Captain Billy Nolen. In a few moments, you'll hear directly from Billy on the positive outcome of the SFAR for the entire eVTOL industry and our collective path forward.