secwatch.observer — SEC 8-K summary
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Issuer:     Aurora Innovation, Inc. (AUR)
CIK:        0001828108
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001828108-23-000165
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828108/000182810823000165/0001828108-23-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828108/000182810823000165/aur-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001828108-23-000165

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer