Lordstown Motors Corp. (RIDE) CEO Daniel Ninivaggi on Q1 2022 Results - Earnings Call Transcript

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Q1: 2022-05-09 Earnings Summary

EPS of -$6.90 misses by $0.16
 | Revenue of $0.00 beats by $0.00

Lordstown Motors Corp. (RIDE) Q1 2022 Results Conference Call May 9, 2022 8:30 AM ET

Company Participants

Carter Driscoll - VP Corporate Development, Capital Markets and Investor Relations
Dan Ninivaggi - Chief Executive Officer
Edward Hightower - President
Adam Kroll - Chief Financial Officer

Conference Call Participants

John Murphy - Bank of America Merrill Lynch

Operator

Good day and welcome to the Lordstown Motors First Quarter 2022 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] Please note today's event is being recorded.

I would now like to turn the conference over to Carter Driscoll, Vice President of Corporate Development, Capital Markets and Investor Relations. Please go ahead, sir.

Carter Driscoll

Thank you, operator. Good morning and thank you to all for joining the Lordstown Motors' first quarter 2022 earnings conference call. To supplement today's discussion, please go to our IR website to view our press release and investor deck.

Before we begin, I want to call your attention to our safe harbor provision for forward-looking statements that is posted on our website and as part of our quarterly update. The safe harbor provision identifies risk factors that may cause actual results to differ materially from the content of our forward-looking statements for the reasons that we cite in our Form 10-K and other SEC filings, including uncertainties posed by the difficulty in predicting future outcomes.

Joining us today will be Lordstown Motors CEO, Dan Ninivaggi; President, Edward Hightower; and CFO, Adam Kroll.

With that, I'd like to turn the call over to Dan.

Dan Ninivaggi

Thank you, Carter, and welcome, everyone. To begin with, I'd like to thank the entire Lordstown team for their extraordinary efforts in Q1.

I'm pleased with the progress we've made towards launching the Endurance particularly in light of the unprecedented supply chain

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