BLOOM ENERGY CORP (NYSE:BE) Q2 2020 Earnings Conference Call - Final Transcript

Jul 28, 2020 • 05:00 pm ET


BLOOM ENERGY CORP (NYSE:BE) Q2 2020 Earnings Conference Call - Final Transcript


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Good afternoon and welcome to the Bloom Energy's Second Quarter 2020 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to turn the conference over to Mark Mesler, Vice President of Finance and Investor Relations at Bloom Energy. Please go ahead.

Mark Mesler

Thank you. Good afternoon all. We appreciate you joining us on Bloom Energy's second quarter 2020 earnings conference call. To supplement this conference, we filed our Q2 2020 shareholder letter and earnings release with the SEC and have posted it along with supplemental financial information that we will periodically reference throughout this call to our Investor Relations website.

The matters we will be discussing today include forward-looking statements regarding future events and the future financial performance of the company. These statements are subject to risks and uncertainties that we discuss in detail in our documents filed with the SEC, specifically the most recent reports on forms 10-K and 10-Q, which identify important risk factors, including those related to the COVID-19 pandemic that could cause actual results to differ materially from those contained in the forward-looking statements. These include statements about the effects of COVID-19 on the company's business results, financial position, liquidity, demand for our Energy Server and new applications, timing of new applications and the supporting market ecosystem and outlook. We assume no obligation to revise any forward-looking statements made on today's call.

During this call and in our Q2 '20 shareholder letter, we refer to GAAP and non-GAAP financial measures. These non-GAAP financial measures are not prepared in accordance with U.S. Generally Accepted Accounting Principles and are, in addition to and not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. A reconciliation between the GAAP and non-GAAP financial measures is included in our Q2 2020 shareholder letter.

Joining me on the call today are KR Sridhar, Principal Co-Founder and Chief Executive Officer and Greg Cameron, Bloom's Chief Financial Officer. KR and Greg will review the operating and financial highlights of the quarter, and then we will take questions. I would also like to note that we are all dialed into this call remotely, so we apologize in advance for any audio issues that may occur.

I will now turn the call over to KR.

KR Sridhar

Good day, and thank you for joining us. I'll talk about our business performance and strategy and then turn it over to Greg to walk through our financial performance followed by Q&A.

When we last spoke on our first quarter earnings call, we were in the early stages of the COVID-19 pandemic and were uncertain about the length of the lockdown, the stress our public health system would face, the effect on our economy and the implication for our business. Fast forward one quarter and COVID-19 remains a significant public health crisis in the U.S. and the rest of the world. This is a fluid, challenging and uncertain time for all of us. We send our prayers to people