Aurora Q4 2022: $114M goodwill impairment, $141M cash burn, targeting Feature Complete by Q1 2023

Aurora Innovation, Inc.

2022-FY EPS reported -$1.51 revenue$150,000,000

Q4 operating expenses $314M, including $114M non-cash goodwill impairment and $44M stock-based comp.
Cash operating expenses $156M ($131M R&D, $25M SG&A); cash used in Q4 operations $141M.
Ended 2022 with $1.1B cash and short-term investments; expects liquidity to fund through mid-2024.
Cumulative collaboration revenue from Toyota fully recognized at $150M; $2M recognized in Q4.
Exceeded Q4 target of 30 loads/week; already at 40 loads/week in Q1 2023; 1,150 loads, 324k miles, 98% on-time.

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 0.95

Aurora Innovation, Inc. reported financial results for quarter ended December 31, 2022.

Period: quarter ended December 31, 2022
Result: reported results

Exact text from the filing

On February 15, 2023, Aurora Innovation, Inc. (the “Company”) announced its financial results for its quarter ended December 31, 2022.

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Source: SEC EDGAR

accession 0001828108-23-000016

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