Aurora Q2: ARM reaches 65%, API 97%; raises $853M equity to fund through H2 2025

Aurora Innovation, Inc.

2023-Q2 EPS reported -$0.35

Q2 2023 operating expenses (incl. SBC) $217M; R&D $150M, SG&A $24M (excl. SBC $43M). No revenue recorded.
Cash used in ops $182M, capex $4M; ended Q2 with $785M cash and ST investments.
Post-quarter-end raised $853M gross ($828M net); total liquidity $1.6B expected to fund through H2 2025.
Autonomy Readiness Measure (ARM) at 65% (up 21 pts from Q1); on track for Aurora Driver Ready later in 2023.
Autonomy Performance Indicator (API) at 97% in Q2; cumulative 2,290 loads, 630k miles with ~100% 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 0.9

Aurora Innovation, Inc. reported financial results for quarter ended June 30, 2023.

Period: quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 2, 2023, Aurora Innovation, Inc. (the “Company”) announced its financial results for its quarter ended June 30, 2023.

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Aurora Innovation, Inc. filing history →

Source: SEC EDGAR

accession 0001828108-23-000165

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