PARTS iD, Inc. (ID) CEO Nino Ciappina on Q1 2022 Results – Earnings Call Transcript – Seeking Alpha
PARTS iD, Inc. (NYSE:ID) Q1 2022 Results Conference Call May 10, 2022 4:30 PM ET
Nino Ciappina – Chief Executive Officer
Kailas Agrawal – Chief Financial Officer
Conference Call Participants
Maria Ripps – Canaccord
Thank you for joining us today to discuss PARTS iD’s First Quarter 2022 Financial Results. On today’s call are Nino Ciappina, Chief Executive Officer; and Kailas Agrawal, Chief Financial Officer.
I’d like to point out that certain statements made during this presentation are forward-looking statements. These forward-looking statements reflect management’s judgment and analysis only as of today, and actual results may differ materially from current expectations based on a number of factors affecting PARTS iD’s business. Accordingly, you should not place undue reliance on these forward-looking statements.
For a more thorough discussion of the risks and uncertainties associated with the forward-looking statements to be made in this conference call and webcast, we refer you to the disclaimer regarding forward-looking statements included in our first quarter 2022 earnings release, which was furnished to the SEC today on Form 8-K, as well as the company’s most recent annual report on Form 10-K and its other filings with the SEC.
The company does not undertake any obligation to update or alter any forward-looking statements whether as a result of new information, future events or otherwise. In addition, the company plans to refer to certain adjusted non-GAAP metrics on this call. Explanation of those metrics and reconciliations of GAAP metrics to those non-GAAP metrics can be found in the earnings release issued earlier today, which is also posted on the Press Releases page of our website at www.partsidinc.com.
Finally, as a reminder, a slide presentation is accompanying today’s prepared remarks. The presentation is viewable through the webcast link located at www.partsidinc.com.
With that, I’ll turn the call over to Nino Ciappina, Chief Executive Officer of PARTS iD. Nino?
Good afternoon, and thank you for joining us today to review PARTS iD’s first quarter 2022 results. Before we begin, I want to spend a moment to acknowledge our colleagues in Ukraine. As many of you know, PARTS iD has strong ties to Ukraine. It is home to many of our independent contractors who are in the affected areas. On behalf of the entire PARTS iD organization, I want to express our concern for the safety and well-being of our team that’s in Ukraine and our sympathy for everyone who has been personally impacted.
Our colleagues have demonstrated perseverance, courage and devotion to our company despite these difficult circumstances. They continue to inspire us. Our thoughts are with them during this challenging time.
Having gone public in late 2020, the PARTS iD story is still relatively new to many investors. And because our business is highly differentiated from what The Street categorizes as our peer group, I think it makes sense to start with an overview of the company, our technology platform and operating model and, of course, our vision and mission.
PARTS iD is a technology-driven digital commerce company on a mission to transform the $400 billion plus U.S. auto aftermarket and the $100 billion-plus adjacent complex parts markets by focusing on the consumers’ needs and using purpose-built technology and data to create custom infrastructure and unique user experiences …….