Ideanomics, Inc.

Ladies and gentlemen, thank you for your patience and please remain on the line. Today's Ideanomics Conference will be starting shortly. Once again, we do thank you for your patience and ask that you please remain on the line. Today's Ideanomics Conference will be starting momentarily. Greetings and welcome to the Ideanomics fourth quarter and full year 2022 earnings call. At this time, all participants are on a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Tony Sklar, Senior Vice President, Investor Relations. Thank you, please go ahead.

Thank you, operator, and welcome everyone to the Ideanomics fourth quarter and full year 22 earnings conference call. Joining me today, I am pleased to have Mr. Alfred Poore, our Chief Executive Officer, Mr. Steven Johnson, our Chief Financial Officer. Mr. Robin Mackey, Chief Operating Officer. A webcast of today's call will be archived and available in the events and presentation section of our corporate website for a minimum of 30 days. As a reminder, this conference call is being recorded. During the call, we will make forward-looking statements such as dialogue regarding our revenue expectations or forecasts for the current quarter and full fiscal year 23. These statements are based on our current expectations and information available as of today and are subject to a variety of risks, uncertainties, and assumptions. Actual results made different material as a result of various risk factors that are more fully described in our periodic filings with the SEC. As a result, we caution you from placing undue reliance on these forward-looking statements. We assume no obligation to update any forward-looking statement as a result of new information or events, except as required by law. In addition, other risks are more fully described in the Audionomics public filings of the U.S. Securities and Exchange Commission, which can be viewed at www.sec.gov. Today, March 30th, 2023, the company filed with the SEC its Form 10-K. for Q4 and full year 22, and afterwards issue a press release announcing those financial results. So participants on this call who may not have already done so may wish to look at those documents as we provide a summary of those results on this call. The format for today's call will be as follows. Mr. Alpour will be giving our comments on today to speak to the company's strategy, vision, including our revenue and growth, value generation, and major product milestones. Mr. Stephen Johnson will speak to the company's financial performance, including our revenue, gross profit, and margins, operating expenditures, cash, and losses. He will be coming in on a prerecording. Robin Mackey will speak to the company's operational activities and progress made since our last earnings call. And then Mr. Alphapore will make the management closing remarks, which will be followed by our Q&A. It is now my pleasure to hand over the floor to Mr. Alphapore, Ideanomics CEO.

Thank you, Tony, and thank you to everyone joining our earnings call today. But we were able to demonstrate meaningful progress across the businesses. Where there was not immediate revenue, we were able to progress product and pipeline. The products and services we offer, whether charging apparatus or vehicles, continue to be well received and provide us with confidence for the future. Despite those challenges, Our EV and charging businesses generate approximately 68 million in revenue in 2022. That is compared to approximately 40 million of revenue in 2021. Selectrac and Energica both grew significantly in 2022. Both of these businesses sell through dealer distributors, and it was pleasing to see the demand is there for our products in the agriculture and motorcycle market. US Hybrid developed remarkably well in the second half of 2022. landing several key agreements and projects, and that growth in orders has continued into 2023. Outside of U.S. hybrid, a core market of commercial fleets was slower than anticipated in 2022, so the introduction of the Inflation Reduction Act in late September finally signaled to fleet operators that the government was ready to move on supporting the commercial EV industry. By introducing the grants and incentives that the industry has been waiting for, we anticipate the commercial EV sector will start to show that built our business in anticipation of. Even though the Act was passed some six months ago in late September, the first meaningful funds are just becoming available, as applications for charging infrastructure grants were opened for submission earlier this month on March 14th. For some additional context here, Ideanomics has both local and federal government grant and loan applications submitted. These range from hundreds of thousands of dollars through to hundreds of millions of dollars, with the latter being something which will require a lot of focused activity to land favorably for Idenomics. Our CFO, Stephen Johnston, will run through the financial shortly, and Robin will talk more about operations. But first, I want to share three examples of work we've done in 2022 to help position us to succeed as the commercial EV market begins to mature. First, Ideonomics direct investments into VIA Motors enabled the company to secure a $170 million order with school bus maker Pegasus. Pegasus is building electric school buses on the VIA chassis. At Work Truck Week in March, Pegasus announced that their first 200 order units had been sold to a Texas school system. VIA also established a partnership with EAVX, which is part of JP Poindexter, to develop an electric class 2B delivery van. I saw the vehicle at work truck week. The van is an ideal solution for federal fleets, which EAVX's parent company, Poindexter, has established relationships with. Second, we acquired over 70% of Energica in March of last year. Over the last 12 months, Idenomics has begun unleashing Energica's potential. We started by showing the world what Energica makes, high-performance electric motorcycles, period. We featured the Ribelle and Ego motorcycles from Energica on Jay Loner's Garage, which you can see on YouTube. The SA-SA9 was in Jordan Peele's Hollywood film, Nope, and introduced world leaders for the SA-SA9 Plus during the G20 Summit in Bali this past November. These are all proof points of Energica's ability to produce exceptional products. We celebrated each time an Energica motorcycle set a record. On screen, you can see Ali Abdo, Ali set a Guinness World Record for the longest journey on an electric motorcycle during his ride to COP27. He rode more than 7,900 miles in 30 days on an SAS A9 with no issues. I look forward to the passionate and educated riders smashing and setting more records this year. Finally, we continue to increase our production and sales capacity. For example, Selectrek now operates the largest dedicated electric tractor assembly facility in North America. On the screen, There's a picture of one of our team, Girish Sawant, at Selectrax Assembly Facility in Windsor, California. Girish has decades of experience in the agricultural sector, and he oversaw the facility expansion in California, which increased production capacity by 300%. This strengthens our position in the fast-growing electric tractor market. Notably, we will be ready to assemble and sell Selectrax E75 tractor faster and more efficiently when it debuts later this year. I thought it would be useful for investors to be reminded of some of our achievements in 2022. And towards the end of the call, I will speak further about our strategy in 2023 and beyond. But now, I will hand you over to Stephen Johnson, who will take you through our financial results.