Aurora Q3: $0 revenue, $152M cash spend, ARM 84%, Driver Ready delayed to Q1 2024, $1.5B cash

Aurora Innovation, Inc.

2023-Q3 EPS reported -$0.48

Q3 operating expenses (ex-SBC) $171M ($146M R&D, $25M SG&A); cash spend $152M (op cash $147M, capex $5M); no revenue.
Raised $853M gross ($828M net) from equity offerings; ending cash and short-term investments $1.5B, expected to fund operations into H2 2025.
Autonomy Readiness Measure (ARM) at 84%; Aurora Driver Ready milestone now expected around end of Q1 2024 (previously year-end 2023).
Achieved 75 loads/week autonomously; cumulative 3,200+ loads, 895k+ miles, ~100% on-time; API 98% for Q3; second terminal in Houston completed.
First autonomy-enabled Volvo VNL received; Continental partnership milestone achieved; CA AB-316 vetoed, favorable regulatory outlook.

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 September 30, 2023.

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

Exact text from the filing

On November 1, 2023, Aurora Innovation, Inc. (the “Company”) announced its financial results for its quarter ended September 30, 2023.

View on SEC.gov

Browse all earnings releases →

Aurora Innovation, Inc. filing history →

Source: SEC EDGAR

accession 0001828108-23-000214

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.