Aurora Earnings Reports

Aurora is nearing its commercial launch in April, with significant progress in safety and performance metrics. The company has managed cash use under budget and strengthened its liquidity position. A three-way partnership between Aurora, NVIDIA, and Continental was announced to enable scaling. The company is on track for its April commercial launch.

Aurora Innovation reported a net loss of $208 million for Q3 2024. The company raised $483 million in gross proceeds from a public offering, ending the quarter with approximately $1.4 billion in cash, short-term and long-term investments.

Aurora made commercial progress in Q2 2024, securing another launch customer and contracting a meaningful portion of its expected 2025 capacity. The company is focused on its planned commercial launch at the end of the year and believes it is well-positioned in the self-driving industry due to its responsible technology approach, robust safety culture, Driver as a Service business model, and financial discipline.

Aurora Innovation demonstrated a strong start to 2024, driven by progress in autonomy performance and financial discipline. The company is focused on its commercial launch, with key partnerships and customer enthusiasm underpinning expectations for rapid revenue growth and high gross margins. They ended the quarter with a solid balance sheet, including $1.2 billion in cash and investments.

Aurora made significant strides in Q4 2023, highlighted by the progression of vehicle partnerships, technology readiness, and customer engagement, all while maintaining strong fiscal discipline. The company focused on advancing the Aurora Driver's capabilities and preparing for commercial launch by the end of 2024.

Aurora focused on execution and capital discipline in Q3 2023. They progressed the Aurora Driver Safety Case, enhanced autonomy performance, scaled trucking operations, and advanced partnerships while managing cash spend below the quarterly average target. The company raised $853 million in gross proceeds and ended the quarter with $1.5 billion in cash and short-term investments.

Aurora made significant strides in Q2 2023, highlighted by an $853 million capital raise and advancements in their autonomous trucking service, Aurora Horizon. The company is on track for commercial launch by the end of 2024, supported by key partnerships and technological milestones.

Aurora Innovation achieved Feature Complete for its Aurora Driver, marking a significant milestone towards commercial operations. The company also highlighted a partnership with Continental for hardware development and manufacturing. While no revenue was recorded for the quarter, the company focused on refining its technology and expanding its operational capabilities, maintaining a strong balance sheet with $966 million in cash and short-term investments.

Aurora Innovation made substantial progress in Q4 2022 towards the commercialization of its Aurora Horizon autonomous trucking service. They achieved key technological advancements, expanded their trucking ecosystem, and grew their pilot operations, exceeding their commercial load target.

Aurora Innovation made significant strides in Q3 2022, marked by the release of Aurora Driver Beta 4.0 with enhanced navigation, scaling operations by achieving commercial load booking targets and expanding the Uber Freight pilot, and deploying next-generation autonomy-development trucks. The company also hosted its first Analyst & Investor Day, showcasing progress toward Aurora Horizon's commercial launch.

Aurora Innovation reported a strong second quarter, marked by technological advancements including the launch of their Fault Management System and the Beta 3.0 release of the Aurora Driver. The company also expanded commercial operations with FedEx, Werner, and Schneider, and progressed with OEM partners on driverless platforms. Collaboration revenue from Toyota was $21 million. The company ended the quarter with $1.4 billion in cash and short-term investments.

Aurora Innovation reported $42 million in collaboration revenue for Q1 2022, stemming from development work with Toyota. The company's focus remains on the commercialization of its autonomous trucking product, Aurora Horizon, with significant progress in technology and partnerships.

Aurora Innovation reported collaboration revenue of $26.939 million for the fourth quarter of 2021. The company is focused on developing self-driving technology and building partnerships to achieve commercial launch for autonomous trucking in late 2023 and ride-hailing in late 2024.