Recent PDYN transcripts
Associated PDYN filings
Ben Mimmack | Head of Investor Relations |
Kiva Allgood | President & Chief Executive Officer |
Steven Hansen | Executive Vice President & Chief Financial Officer |
Good day, and thank you for standing by. Welcome to the First Quarter 2022 Sarcos Technology and Robotics Corporation Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions] I would now like to hand the conference over to your speaker today, Ben Mimmack, Head of Investor Relations.
Thanks, Andrea. welcome Sarcos and call. quarter everyone, afternoon, to first the earnings Good
Officer, will we us morning overview and Kiva will financial Executive Financial this the of our Allgood; detail about then questions Hansen. Sarcos' Chief Joining from and call analysts. Steve Chief the are first on recent with the start call President take quarter and and talk before Steven an more Kiva events, results Officer, in
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Keva, to Thanks, listening afternoon and today. good everyone
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million, the stock April exercises option XX, with RSU issued certain of count including stock share our as As in XXX.X connection outstanding was settlements as acquisition well of of REX. and
the market, discussed the Given that of focus hiring position macroeconomic companies and supply are commercializing -- continues to that be newly the a technology. our affect liquidity are public innovative widely challenges there on chain
in average was Our cash quarter million $XX.X or a an month. million operating of cash burn for used the first $X.X activities
complete will of withholdings. work quarter purchase be the first to tax to primarily million shares on to expenditures new cash for the the believe our incurred tenant and payment improvements. $X.X XXXX. the rest helpful due it construction We for were during headquarters, spent work Capital to repurchase also fixtures of including forecast our burn We million, other of outstanding $X.X
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all without As for impact projections these account any business. a reminder, are REX Sarcos of taking expected into
are impact. our and quarter impact quarter. in REX the accelerate monthly commercialization not my forthcoming Again, entire believe working But We acquisition path to of by very work The of the have burn first longer products believe Sarcos time continue we it in cash like at still material a will year. would do free the term, I through flow Sarcos. we the of That a to this REX will concludes for the to exciting transaction remarks. XXXX. our positive term, be hard their thanking our short to of team And this join cash and acquisition in a Kiva for the makes
will the open line will now a please instructions Operator, question. ask questions. to you We the for repeat
today's participating. concludes -- apologies. conference you for Thank concludes This call. my This
You now disconnect. may
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