you Joey, the morning and to good on everyone call. Thank
stadium, speed the the strides electric environments XXXX Vanish, a first we’ve quarter to low launching last that lightweight, payloads believe out. and LSEV mile and that campus, with Ayro and ever adaptable us in serve closer resort, made reconfigurable delivery of arena, vehicle, the indoors important or We bring both will
the few map our call, provide lengths to actually the to an considerable design many to to some out recognized well road we From for product business corporate outset, automotive context In we XX-month the have manufacturing earnings years. that world, be may and and case to strategy. the last it gone lay process short while our investors scale-up in remarkably is four as
even so is opportunities Our team and more we’ve significant just of at ahead that accomplished we the believe enthusiastic already lie about what us.
time, We have fleet encouraging us the large trade We with on share arising progress some real potential has first had show, efforts. for see potential and we a dealers. to the to in be front the customers have in participation and a developments discussions very our from marketing made firsthand for many productive Vanish believe hope were able been recent dealer position to those where we
partnerships is us dozens A We without customer exclusivity. potentially to strong that fleet order territory standalone recurring high benefit respective sales can fleet fleet within the cycle meaningful The relationships we bases. provide believe fleet provide opportunities. can new regard of dealers unit the potentially establish refresh they volumes equal partner their could can from of
provide for we have some dealers will specific I announcement, many That Utility our Canada. Vehicles we first counts, under Golf we in focusing program. this our with Masters said, dealer that dealer indication certainly we and, up in announced Since dealers under while signed of context dealer provide XXXX, more dealership are Earlier our and Ontario, interest program on topic. signing won’t
current the ever Club XX of relationship Under potential this that all Current from Club XXX its had out Current of was a Car dealerships the the dealerships; reality of Car only the relationship. the however, our Club with vehicle, multi-year generated XXX of sale approximately sales for Car former to our generate throughout
with by stages number of whom is hope outlook are we fleet we’re helpful channels. the locations and in dealers many I various dealer exceeds potential in comparison, XX, For already in the that terms negotiation discussions more dealers. of operated with and on future of
we ecommerce to order our in working those or Vanish to the products, it is DTC states the DTC directly and believe their to to in market from vehicle support the allow efforts On and large be and able gold attractive states, mover an direct-to-consumer, people the called to for channel, site most of those sales. believe Florida Florida potential we Vanish is what customize we’re we Vapor. and for the finish location onsite world’s a one cart, customers call Ayro that Valet and follow-on DTC happens our our the be
We expect quarter launch our DTC XXXX. ready of third to capability be in to the
and week to process vehicle up where tests internal the like other homologation have of vehicles homologation. on a Texas. weeks, just test Vanish we in at in homologation track bringing The process we Houston, is this also tests the of depending safety as the a on that can successfully of of The market. vehicle status would just waiting to the of about recently series enter the it phase talk Now on toXX assessment queue I the take series Vanish will are completed a
are while demo These homologation to process, with or enter for to production, Vanish in vehicles. Vanish begin with initial largely building occurring that by we early as first parallel earmarked However, floors is LRIP plan June the and certification rate units. low units dealer the XX
chain phase The components to team assembling our to that curve flowing learning supply of is smoothly manufacturing scale is subsystems. ensure the and and used LRIP allows
per guidelines take expect year vehicles where X,XXX we week Following under above. LRIP, a This vehicles a under equate scenario. to single capacity five day, anticipate are of begin the days per which may we scale full production targeting to we’d would shift over nine month, per mentioned
Vanish prefer are back of rather any or would inventory holding longer believe the to in the unlikely delays we would we Vanish complete, take units. and finished homologation shipments to any trivial deferrals customer be in should than big cancellations. is picture order lead of We homologation Until anticipate
more post to on always that fast as suppliers Vanish first moving second production all demand, of likely As floor. that of to in our can us chain we output uncertainties signs from flowing we move do help until our anticipate units in produce own early and their some production, cadence Based model are manufacturing a have component supply forecast, and to current the LRIP. smoothly. production, given in for year case we as possible shift the expect plan ability is full the intent, products Once
of than the to Vanish Even is our automotive shift more chassis a vehicle additional also supplier the source That be component significant adding component to Vanish. supplier an that ability OEM automakers. serves supplier happens potential entire for second currently the three our from big production
the Fortunately, should down the choose they Vanish capacity at any we to have surge vehicle to their excess demand route production assembly facility road. the of able them be entire handle to to
then excess us point units time, learning surge would production initially would our supplier facility. demand would to our issues by and this at true with this so OEM component otherwise any new any manufacturing anticipate second addressing facility, for demand manufacturing in that we shift with a resorting likely relationship least in it overwhelm at decision much offer construction parties accept, and faster a need a in that period just of likely total all potential this of from does to greenfield come to fashion for initial the we with a start-up our than ramp While
launch proposition quality Needless of to we are the a the Vanish has we category say, and problems problems, facing these for encounter this advancements would and we Vanish. much be the feel been value too quite the so-called These are address of simply of and long. now and result that the I tongue-in-cheek, that use in very what stagnant nice feel commercial term to are early perceived in that
You companies. from don’t the two either, appreciating market Thus aspect take far design it, in awards to certainly this word for we’ve two my isn’t separate XXXX, prominent apparently. won market research have for and
XXXX April Frost if not for low vehicle in & awarded New was XXXX in were Vanish’s technical January focus of speed character, Vanish design, Award recipient North its a for as the design as on were it’s the named first The the Sullivan and American the when Dot and product Product based Award design we for that socio-cultural XXXX design area, enough, Red principles in Innovation and expertise. of us industry good
value-add Sullivan Award. very & the can either Many Frost career it Dot We first proud is merits months appreciable right front on Red and without the definitely are at is that here after employees what and these of pivoting a engineers to our remarkable validations the or and a and that is expect finally their translate One - achievement, unit ago all company us. would a designers our this design go of XX viewing design Vanish Ayro. sales, entire I’m opportunity that that of we in winning into of won
grow intellectual the market growth opportunities future segment and by filings both of in should together otherwise prevailing stockholder and hasn’t front, with numerous to we We evolved growing value grants that add On of combination and USPTO. IP nor the our IP rate in with sustainable anticipated sales with this sales our our trademark in continue portfolio provide as technologies, rate opportunities. portfolio the well believe patent or the property, as the of
our that of that in believe minimal vehicle case revenue stockholder year-end is current legacy Quite the past the provided sustainable inventory maintained be That simply, guidance Club new come and along Ayro earnings XXXX the phase our revenue our would all that run-off products. vehicle. approximately the from that Current will of have future was In first of discussion, for adoption in I of given our of I LSEV of explicit the not $XXX,XXX. certainly legacy revenue from XXXX the quarter I given Car sunset products, in of first value in the future phase the half
that ever. bright picture Hopefully my this is as comments Ayro painted have as a morning for
effectively possible, benefit of and our the the for to subsequently Valet costs Vanish manage continue as activities We Vapor. while ramping as the all the and internal
Our $XX us be lower equivalents believe over in of to has our net the cash We nearly to the sales year. and loss for roughly as according considerably breakeven it sufficient even last forecast. our been current of with quarter, the will million reach balance was the same Current,
opening my concludes remarks. That
who financial like results over David? I’d to our turn to review detail. the more Dave call Now Hollingsworth, in will