earnings
confidence high
sentiment neutral
materiality 0.75
Aurora Q4 2023: OpEx $198M, cash >$1.3B, ARM at 93% for launch lane
Aurora Innovation, Inc.
2023-FY EPS reported
-$0.60
- Q4 operating expenses $198M ($161M ex-SBC); no revenue; cash used in ops ~$133M.
- Cash and investments over $1.3B; liquidity expected to fund ops into H2 2025.
- Autonomy Readiness Measure (ARM) reached 93% (up from 84% in Q3); API 99% in Q4.
- Over 1M commercial miles driven; 4,300 loads delivered; 100 loads/week scheduled.
- On track for Commercial Launch at end of 2024; partnerships with Volvo, PACCAR, Continental advancing.