REE Automotive Ltd. (REE) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the RE Automotive's fourth quarter and full year 2024 financial results conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I will now hand the call over to the company. Please go ahead. Good morning. And thank you for joining us on today's conference call to discuss ReAutomotive's fourth quarter and full year 2024 results. During the course of this call, management will make, express, and imply forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. federal securities laws. These forward-looking statements include, but are not limited to, those statements regarding the company's financial condition including the impact that it will have on Reed's future business and plan, its ability to implement its current business, including as impacted by the going concern, its plan to address its going concern, including through a significant reduction in operational expenses, which includes a reduction in force, its need to obtain significant additional financing, The growing demand for REE's products and technology from OEMs and technology companies as reflected in expanding customer reservations and deepening engagement with OEMs. The ability to generate revenue from REE AI Cloud. The implementation of the next phase of our mission. REE's ability to generate software-based revenues both in the near term and long term. REE's software-based business being less capital intensive. Rees' ability to license its technology and its broader transition toward a subscription-based revenue model. Its plans regarding production of its...