Gauzy Ltd.

Good morning ladies and gentlemen and welcome to the GOESY second quarter 2025 earnings call conference. At this time all lines are in listen only mode. Following the presentation we will conduct a question and answer session. If at any time during this call you require immediate assistance please press star zero for the operator. This call is being recorded on Wednesday August 13, 2025. I would now like to turn the conference over to Don Scott, please go ahead.

Thank you, operator, and thank you, everyone, for joining us today. Hosting the call today are Gowsey's CEO and co-founder, Eyal Faisal, and CFO, Mayer Pelley. On this call, management will be making forward-looking statements, not historical facts, which are based on management's current expectations, beliefs, projections, and assumptions, many of which by their nature, are inherently uncertain. These forward-looking statements, which are subject to risks and uncertainties, actual results that differ materially from our forward-looking statements, if any of our key expectations, beliefs, projections, or assumptions are incorrect because of other factors discussed in today's earnings news release and in the comments made during this conference call, or in our latest reports and filings with the Securities and Exchange Commission, each of which can be found on our website. www.gausi.com. You do not undertake any duty to update any forward-looking statements. This call contains time-sensitive information that is accurate only as of today, August 13, 2025. Except as required by law, GAUSI disclaims any obligations that publicly update or revise any information to reflect events or circumstances that occur after this call. Today's presentation also includes references to non-GAAP financial measures. You should refer to the information contained in the company's second quarter press release for definitional information and reconciliations of historical non-GAAP measures and comparable financial measures. With that, I'll be doing the call over to Anne.

Thank you very much, Dan, and good morning, everyone. Thank you for joining us today as we discuss our second quarter 2025 results. For today's call, I'd like you to focus on five key statements First, the significant sequential increase in our backlog of orders we shipped in 25 confirmed our customers' support and demand for our technology, which I will highlight with an example momentarily. Second, our full-year expectations remain intact in light of certain changes in the timing of shipments during the second quarter that are reflected in our results. As a reminder, our visits can vary from quarter to quarter, which is why we encourage investors to consider our results on an annual basis. Third, we continue to achieve new technological and business milestones that will drive our growth in 2025 and beyond. Fourth, since the beginning of the second quarter, we have closed on $15 million of debt financing under favorable terms as part of our plan to strengthen our balance sheet.