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Shift Technologies, Inc. (SFT) Q2 2023 Earnings Call Transcript

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Shift Technologies, Inc. (SFT) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET

Company Participants

Susan Lewis - Vice President, Investor Relations

Ayman Moussa - Chief Executive Officer

Oded Shein - Chief Financial Officer


Good afternoon and welcome to the Shift Technologies Second Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

I'd now like to turn the conference over to Susan Lewis, Vice President of Investor Relations. Please go ahead.

Susan Lewis

Good afternoon and welcome to the Shift Technologies second quarter 2023 earnings call. Joining me on the call today are CEO, Ayman Moussa; and CFO, Oded Shein.

During our remarks, we will make some forward-looking statements, which represent our current judgment on what the future may hold. And while we believe these judgments are reasonable, these forward-looking statements are not guarantees of future performance and involve certain assumptions, risks, and uncertainties. Actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statement.

Please refer to our filings with the SEC for a full discussion of the factors that may affect any forward-looking statement. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future events, or otherwise after this conference call. During the course of the call, we will be referring to non-GAAP measures as defined and reconciled in our earnings materials.

With that said, I will now turn the call over to Ayman.

Ayman Moussa

Thank you, Susan, and good afternoon, everyone. It's a pleasure to be here and speak with you for the first time as CEO of Shift. Today, I would like to spend the majority of our time discussing the future. I will share my observation since I joined Shift in June

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