Aurora reports Q3 collaboration revenue of $3M, cash of $1.2B; targets commercial launch by end of 2024

Aurora Innovation, Inc.

2022-Q3 EPS reported -$1.26 revenue$148,166,000

Q3 collaboration revenue $3M (cumulative $148M from Toyota); operating expenses $203M ($166M ex-SBC).
Cash and short-term investments $1.2B, expected to fund operations through mid-2024.
Feature Complete milestone expected by end of Q1 2023; Aurora Driver Ready by end of 2023; commercial launch by end of 2024.
Cumulative 660 autonomous loads delivered, 180k+ miles, ~100% on-time; 22 loads/week target achieved in Q3.
Built 21 new Peterbilt 579 trucks with latest hardware; Kenworth T680 prototype and Volvo integration underway.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Aurora Innovation, Inc. reported financial results for its quarter ended September 30, 2022.

Period: its quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 2, 2022, Aurora Innovation, Inc. (the “Company”) announced its financial results for its quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001828108-22-000125

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