Serve Robotics Inc. (SERV) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to CERV Robotics' first quarter 2025 earnings conference call. Please be advised that today's conference call is being recorded. I would now like to hand the conference to your host, Head of Communication and Investor Relations, Aduk Thawel. Please go ahead. Thank you, operator, and good afternoon, everyone. Welcome to CERV Robotics' first quarter 2025 earnings call. With me today are CERV's CEO and co-founder, Ali Kashani, and our CFO, Brian Reed. During today's call, we may present both GAAP and non-GAAP financial measures. If needed, a reconciliation of GAAP to non-GAAP measures can be found in our earnings release filed earlier today. Certain statements in this call are forward-looking statements. You should not place any reliance on forward-looking statements. Actual risks may differ materially from these forward-looking statements, and we do not undertake any obligation to update any forward-looking statements we make today, except as required by law. For more information about factors that may cause actual results to differ materially from forward-looking statements, please refer to the press release we issued today as well as the risks and uncertainty described in our most recent annual reports on Form 10-K and in our filings made with the SEC. We published our quarterly financial press release and our updated corporate presentation to our investor relations website earlier this afternoon, and we ask you to review those documents if you haven't already. With that, let me hand it over to Ali. Thanks, Hadoukei, and thank you all for being here. We made great progress in Q1, and I'm excited to share what we've been up to. First of all, we made our key targets for the first quarter, which was to build 250 new third-generation...