secwatch.observer — SEC 8-K summary
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Issuer:     Aurora Innovation, Inc. (AUR)
CIK:        0001828108
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0001828108-23-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828108/000182810823000016/0001828108-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828108/000182810823000016/aur-20230215.htm
  HTML page:      https://secwatch.observer/filing/0001828108-23-000016

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