AEye, Inc.

Thank you for standing by and welcome to the AIQ for 2022 and full year 2022 earnings results conference call. At this time, all participants are on a listen-only mode. After the speaker's presentations, there'll be a question and answer session. To ask a question at that time, please press star one one on your telephone. As a reminder, today's call is being recorded. I will now turn the conference over to your host, Mr. Steven Lambright, Chief Managing Officer. Please go ahead.

Good afternoon, and thank you for joining AI's fourth quarter and year-end 2022 earnings call. With me today are Matt Fish, Chief Executive Officer, and Bob Brown, Chief Financial Officer. Earlier today, we announced our financial results for the fourth quarter and full year 2022. A copy of our press release can be found on our website at investors.ai.ai. Before we begin, I would like to remind participants that today's discussion may include forward-looking statements as defined in the securities laws and regulations of the United States with reference to future events, future operating results, or financial performance. Forward-looking statements are based on our current expectations and assumptions regarding our business, the industry, and other conditions. These forward-looking statements are subject to inherent risks, uncertainties, and changes in circumstances that are difficult or impossible to predict. Our actual results may differ materially from those contemplated by these forward-looking statements. We caution you, therefore, against placing undue reliance on any of these forward-looking statements. You can find more information about the risks, uncertainties, and other factors in our reports filed from time to time with the Securities and Exchange Commission, including in our more recent periodic report. All information discussed today is as of March 15th, 2023, and we do not intend and undertake no obligation to update any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law. In addition, today's discussion will include references to certain non-GAAP financial measures. These non-GAAP measures are presented for supplemental information purposes only and should not be considered as a substitute for financial information presented in accordance with GAAP. A reconciliation of the measures to the most directly comparable GAAP measures is available in our press release, and you should refer to our reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures in our earnings release. Now, let me pass the call over to Matt.

Thank you, Steve. Good afternoon and welcome to our fourth quarter in year-end 2022 earnings call. I'm Matt Fish, AI CEO. I am joined on the call today by our CFO, Bob Brown. I'll begin the call by introducing myself, sharing some insights into what I've learned in my first month on the job and some initial thoughts on where we go from here. I will then hand the call to Bob, who will review AI's financial performance for fourth quarter and full 2022 fiscal year, as well as a few comments on our 2023 outlook. Then we will open the call for questions. Let me start by telling you a bit about myself and why I'm thrilled to be here. Over the past 30 years, I have delivered transformational products that have supported the rapid evolution of the automotive and technology industries. I am excited about the opportunity for AI to become a premier sensing technology provider. To do this, I will leverage my extensive experience with systems, software, and scaling large product organizations as I did during my prior leadership roles at Gentherm, Harman, and Intel. I recently led the technology team at GenTherm, a $1.3 billion developer of thermal management technologies. Under my leadership, we delivered innovative products to the automotive market that aligned with the industry shift to electrification and created new value propositions with systems and software. At AI, our software-definable LiDAR is also at the center of this transformation. I will lead our team to enhance product ties and monetize AI's platform and product portfolio to power the next generation of advanced driver assistance systems and drive greater efficiency, productivity, and safety in smart infrastructure and other industrial markets. Throughout my career, I've consistently pursued opportunities that have the vision and capacity to change the world. to have an impact, to create opportunities that didn't previously exist. This is more than a passion. My track record shows I thrive and succeed when presented with the challenge of bringing revolutionary technologies to market. My greatest satisfaction and success comes from making a difference. And AI's technology has the potential to be transformative. I joined AI because I believe it has all the ingredients for commercial success. We have industry-leading technology, a unique and compelling business model, a healthy commercial pipeline, a stellar team, and exceptional business partners like Continental. Continental has the proven ability to deliver full-stack advanced driver assistance systems to the automotive and trucking markets. Over the years, they have delivered over 150 million sensors across dozens of product lines, making them one of the leading integrated ADAS solution providers in the world. For me, the most powerful market validation is that Continental selected AI's technology for productization and integration into their industry-leading ADAS product portfolio. And we continue to receive positive feedback from OEM customers regarding Continental's automotive production intent B sample, giving me great confidence that we have the right product market fit for the next generation of advanced driver assistance systems. In my first month at AI, I'm thoroughly impressed with the vitality and creativity of the team. The culture and energy here is remarkable. It has me excited about what's to come. My immediate task at hand is to set clear objectives and focus our efforts and remove impediments so that our team can successfully execute and achieve our goals. To that end, I've been working with the executive team to develop a go-forward plan that aligns our strengths with our objectives. We are well underway, but this takes time and careful consideration. My commitment to you is that we will come back to you in our May earnings call with my plan for the company and a timeline to which you will be able to hold me and the executive team accountable. We will align our innovative foresight platform with the most promising opportunities and focus on a set of achievable objectives that will define success for AI and its shareholders. I'm excited to be here. AI is well-positioned with exceptional technology and talent, and I look forward to sharing our vision for the next phase of AI's evolution at our earnings call this May. At this point, I will turn it over to Bob Brown to review the details of our financial performance last quarter and last year.