Adam Foroughi

“We delivered a record quarter, revenue of $2.18 billion, up 55% year-over-year, the largest sequential dollar step-up in revenue, with well over $200 million more than last quarter.”

“This quarter we delivered almost $2 billion in revenue, which was just below the midpoint of our guidance range, and our adjusted EBITDA was just below the range.”

“I want to start this call a little bit differently than our last few. No preamble on stock price, no addressing short sellers, no reacting to noise. This quarter, the conversation is about us and our future.”

“Yeah, I felt like with this question, it'd be good to just talk through how do we do so well in building products in the markets that we operate in? Because there's always a question with our business of how do you out-compete everyone in this niche that you've become so excellent in?”

“I want to start by addressing what's clearly on many people's minds. While I prefer to ignore short-term fluctuations in the stock price and focus on maximizing value over the long term, the recent volatility warrants addressing.”