secwatch.observer — SEC 8-K summary
======================================

Issuer:     Aurora Innovation, Inc. (AUR)
CIK:        0001828108
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001828108-24-000126
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aurora reports Q2 results: $1.0B cash, 75% of loads achieve 100% API; Uber Freight committed
--------------------------------------------------------------------------------

- Q2 2024 operating expenses (incl. SBC) $198M; ex-SBC $160M ($138M R&D, $22M SG&A).
- Cash used in ops $176M (incl. $49M annual incentive pay); expects Q3/Q4 cash use avg $175-185M per quarter.
- Cash and short-term investments $1.0B; liquidity expected to fund ops into Q4 2025.
- On Dallas-Houston lane, 75% of loads had 100% API in Q2; on stable software in June, >80% 100% API; target ~90% at launch.
- Uber Freight named first launch customer; driverless hauls expected by end of 2024; Premier Autonomy program announced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828108/000182810824000126/0001828108-24-000126-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828108/000182810824000126/aur-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001828108-24-000126

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