earnings
confidence high
sentiment positive
materiality 0.65
Aurora Q1 2022: $42M revenue, $1.5B cash; progresses autonomous trucking pilot with Werner
Aurora Innovation, Inc.
2022-Q1 EPS reported
-$0.07
revenue$41,998,000
- Collaboration revenue $42M from Toyota development work; OpEx $185M incl SBC ($156M excl SBC).
- R&D spend $128M, SG&A $28M; operating cash burn $136M, capex $6M.
- Launched Aurora Horizon pilot with Werner on Fort Worth-El Paso lane; doubled commercial miles vs 2021.
- Introduced Aurora Beacon fleet management suite; Aurora Driver Beta 2.0 cut policy interventions by 85%.
- Cash and short-term investments $1.5B; targeting Aurora Horizon commercial launch in late 2023.