AIRO Group Holdings, Inc.

everyone to Arrow Q2 2025 arranged call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed with the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Dan Johnson, Executive Vice President of Investor Relations. Please go ahead.

Thank you, Operator, and good morning, everyone. Welcome to Arrow Group Holdings Incorporated's second quarter 2025 earnings call, our first as a publicly traded company. We appreciate you joining us today and look forward to sharing an update on our progress and performance. With me on the call are Dr. Chiranjeev Kathuria, our Executive Chairman, Captain Joe Burns, our Chief Executive Officer, and Dr. Maria Pilipiv, our Chief Financial Officer. Replay information for today's call can be found in our earnings press release issued earlier this morning. Today's call will include forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to estimates and forecasts of financial and performance metrics, the intended use of proceeds from Aero's IPO, the development, expected capabilities, potential customers, and regulatory approval of the Jaunt cargo drone, Aero's operational landscapes, demand for Aero's systems and products, Arrow's plans for a manufacturing and engineering development facility, expectations concerning future products and developments, the market acceptance and opportunity of Arrow's products and services, and other statements that are not historical fact. In addition to our prepared remarks, our earnings press release, SEC filings, and a replay of today's call can be found on our investor relations website at investor.thearrowgroup.com. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Forward-looking statements represent our management's beliefs and assumptions only as of the date made. Information on factors that could affect the company's financial results is included in its filing with the SEC from time to time, including the section titled Risk Factors in the company's final prospectus filed with the SEC on June 16, 2025, and the company's upcoming quarterly report on Form 10-Q for the quarter ended June 30, 2025. In addition, during today's call, we will discuss non-GAAP financial measures, These non-GAAP financial measures are in addition to and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP. Reconciliations between GAAP and non-GAAP financial measures and a discussion of the limitations of using non-GAAP measures versus their closest GAAP equivalent is available in our earnings release. With that, I'll turn the call over to our Executive Chairman, Dr. Chiranjeev Kathuria.

Thank you, Dan, and thank you all for joining us. Today marks an exciting milestone, not just our first earnings call as a public company, but an opportunity to formally introduce Arrow to the investment community and share the foundations of who we are, what we've built, and where we're going. In a few minutes, Joe will share the progress from the quarter and more recently, and Maria will cover our financials. But first, a little bit about AeroGroup. We built an integrated aerospace and defense platform to serve the future of mobility, security, and training across high-growth markets. Our mission is to deliver disruptive, dual-use technologies through unmanned systems, pilot training, avionics, and electric air mobility. Segments that are individually compelling and collectively transformative. Our platform is structured around four synergistic business segments. Drones delivering fully autonomous GPS denied unmanned aerial systems for military and commercial ISR missions. Avionics, a 20-year heritage business through Aspen Avionics, delivering over 14,000 systems with patented displays, sensors, and cockpit integration for both manned and unmanned aircraft. Training, elite military and commercial pilot training with a focus on close air support. ISR, and adversary air missions. We are a trusted contractor under the DOD's 5.7 billion CAF and CAS IDIQ. Electric air mobility, pioneering eVTOLs and hybrid cargo drone solutions through our jaunt air mobility brand. using our patented slow rotor compound technology for safe, efficient, and scalable flight. We currently operate across nine locations with over 151 employees, 61,000 square feet of operational space, and maintain ISO 9001, and AS9100 certifications. We are strategically located to serve both US and international defense markets with headquarters in Albuquerque, New Mexico, and major operations in Denmark and Montreal, where we can deliver directly into NATO without navigating ITAR constraints providing a structural advantage in cross-border logistics and responsiveness. This is a differentiated model. Our businesses aren't just adjacent but deeply integrated, sharing technologies, supply chains, and operational capabilities. This creates a tangible advantage in cost structure, speed to market, and platform development. This interconnected structure enables several key advantages. One, shared R&D and manufacturing capabilities across drone and eVTOL platforms. Two, cross-segment technology applications, such as avionics, which are developed in-house and are being deployed across unmanned systems and advanced aircraft. Three, training infrastructure that supports our own fleet and serves as a proving ground for next-gen platforms. And four, supply chain overlap and cost synergies, enhancing margin potential as we scale. Across the board, our technologies are real, proven, and deployed. Take our RQ-35 Hedron, a battle-tested micro-ISR drone with NATO-grade capabilities. With over 500 missions per unit and operations in GPS-denied, high-threat environments, it has become a critical ISR asset for modern militaries. Backed by 200 million NATO-aligned bookings in progress and AS9100 certified facilities, this segment is scaling rapidly to meet global demand due to geopolitical events and increased defense spendings. In avionics, our Aspen avionics business provides the cockpit infrastructure for both manned and unmanned systems. With 20 years of flight heritage and strong OEM relationships, Aspen enhances safety and interoperability while supporting development of future military and civilian platforms. Our training division is another major differentiator. With 10 years of sustained support to U.S. and allied defense contractors, including participation in the 5.7 billion Combat Air Force Commercial Air Service, IDIQ program. Aero delivers elite closed air support and ISR training through our coastal defense brand. We operate six wing aircraft and modified systems from two dedicated US training centers and maintain a top-secret facility clearance, an important barrier to entry that reinforces our trusted status. Finally, in electric air mobility, we're advancing a hybrid drone and eVTOL strategy via our jaunt air mobility subsidiary. Earlier this quarter, we unveiled a new middle-mile cargo drone at EAA Airspace, Air Adventures Oshkosh and expanded into Cubex YMX Innovation Zone, a forward leaning hub for advanced air mobility innovation. With our patented slow rotor technology, our system combines the vertical lift of a helicopter with the cruise efficiency of a fixed winged aircraft. With this integrated platform, As our key to long-term value creation, where we're targeting a $315 billion total addressable market across all our business lines, we're already seeing robust adoption. Our 2024 revenues grew to $86.9 million, up from $43.3 million in 2023, and 17.1 million in 2022. We also have strong visibility with a 200 million plus bookings in progress. Our recent IPO is a natural next step in our evolution, which enhances our financial flexibility, elevates our brand with global customers, and positions us to accelerate execution across our pipelines. Most importantly, it strengthens our ability to innovate, scale, and deliver for our stakeholders. We are building Arrow for the long term. We have the right markets, the right model, and the right team, and we're just getting started. With that, I'll hand the call over to our CEO, Joe Burns.