Archer Aviation Inc. (ACHR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Thank you for attending today's Archer Aviation Q1 2025 Financial Results Conference Call. My name is Cole, and I'll be the moderator for today's call. All lines will be muted during the presentation portion of the call. With opportunity for questions and answers at the end, if you'd like to queue for a question, you can do so by pressing star 1 on your telephone keypad. I'd now like to pass it over to Eric Lentil. Please go ahead. Thank you for joining Archer's earnings call. This is Eric Lentel, Archer's General Counsel. During today's call, we will be making forward-looking statements. These statements are based on assumptions as of today, and we undertake no obligation to update them as a result of new information or future events. There are risks and uncertainties that may cause our actual results to differ materially from those contemplated. For more information about these risks and uncertainties, please refer to the risk factors in our SAC filings. Today, we will also be discussing both GAAP and non-GAAP financial measures. A reconciliation of those financial measures is included in today's shareholder letter and earnings release. And now I'll turn it over to Adam. Adam? Thanks, Eric. All right, let's dive in. Archer is pushing the boundaries of what's possible and reshaping the future of aviation for years to come. Today, we're going to talk about how we're making that future happen. As I've talked about before 2025 is an inflection point for Archer. On the commercial front, after years of engineering work and flight tests, the team is focused on transitioning to piloted operations and early commercial deployment. We remain on track to launch later this year in the UAE and are preparing for subsequent deployments with Midnight, Launch Edition...