secwatch.observer — SEC 8-K summary
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Issuer:     Aurora Innovation, Inc. (AUR)
CIK:        0001828108
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001828108-23-000214
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828108/000182810823000214/0001828108-23-000214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828108/000182810823000214/aur-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001828108-23-000214

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