Aurora Q4 2021 Earnings Report
Key Takeaways
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.
Launched second multi-phase commercial pilot with Uber Freight during the fourth quarter.
Began pulling loads for pilot partners 5 days a week and started nighttime hauls in January.
Announced a collaboration with U.S. Xpress to leverage Variant's intelligence for autonomous technology impact.
Engineers leveraged virtual supercomputer to conduct approximately five million simulations per day during the fourth quarter.
Aurora
Aurora
Forward Guidance
Aurora is focused on executing its product roadmap and achieving critical milestones toward delivering commercial self-driving products at scale.
Positive Outlook
- Continue to learn through collaborations and pilots.
- Increase operational capabilities.
- Share more on future collaborations and pilots.
- Expand into new operational design domains (ODDs).
- Demonstrate a major milestone towards satisfying the Fail-Safe core claim of our safety case during the third quarter of this year.