Aurora Q1: no revenue, $208M op ex; Driver Feature Complete; $300M Continental deal

Aurora Innovation, Inc.

2023-Q1 EPS reported -$0.17

First-quarter 2023 operating expenses $208M (incl. $39M SBC); used ~$136M in operating cash; cash & investments $966M.
Aurora Driver achieved Feature Complete milestone, implementing all capabilities for Dallas-Houston commercial launch lane.
Entered long-term partnership with Continental to develop, manufacture, service future Aurora Driver hardware; Continental investing over $300M in NRE.
Autonomy Performance Indicator (API) reached 96% for Q1; Autonomy Readiness Measure (ARM) at 44% as of March 31.
Pilot operations: 1,635 cumulative loads, 455k+ miles, 98% on-time; Q2 goal of 50 loads/week already met.

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 1.0

Aurora Innovation, Inc. reported financial results for its quarter ended March 31, 2023.

Period: its quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 3, 2023, Aurora Innovation, Inc. (the “Company”) announced its financial results for its quarter ended March 31, 2023.

View on SEC.gov

Browse all earnings releases →

Aurora Innovation, Inc. filing history →

Source: SEC EDGAR

accession 0001828108-23-000079

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.