Aurora Announces Fourth Quarter and Full Year 2022 Results

Rhea-AI Summary

Aurora Innovation, Inc. (NASDAQ: AUR) announced its fourth quarter and full year 2022 results, emphasizing significant advancements in its self-driving technology, particularly the Aurora Driver. CEO Chris Urmson noted progress in collaborations with PACCAR and Volvo Trucks, and expanded pilot programs aimed at commercialization. The company is on track to achieve its Feature Complete milestone by the end of Q1 2023. A business review conference call is scheduled for February 15 at 5:00 p.m. Eastern Time, and financial results are available on their investor relations website.

Positive

• Significant advancements in self-driving technology.
• Collaboration with PACCAR and Volvo Trucks progressing.
• Expanded pilot programs indicating commercialization momentum.
• On track to achieve Feature Complete milestone by Q1 2023.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- Aurora Innovation, Inc. (NASDAQ: AUR) today announced its fourth quarter and full year 2022 results. Aurora’s shareholder letter, including its financial results, are available on its investor relations website at ir.aurora.tech.

“Over the last year we’ve made significant progress advancing key elements of the Aurora Driver, our operations, and building a next-generation truck platform with our OEM partners,” said Chris Urmson, Co-Founder and Chief Executive Officer at Aurora. “In the fourth quarter we continued this momentum toward commercialization as we expanded our pilot programs, made steady progress in our collaborations with PACCAR and Volvo Trucks, and unlocked increasingly complex driving capabilities. These technological advancements put us in a strong position to achieve our critical Feature Complete milestone by the end of the first quarter of 2023.”

The company will host a business review conference call today, February 15, at 5:00 p.m. Eastern time. The conference call will be webcast on Aurora’s investor relations website at ir.aurora.tech and an accompanying presentation has also been posted to the website. A replay of the webcast will be available for 30 days following the call.

About Aurora

Aurora (Nasdaq: AUR) is delivering the benefits of self-driving technology safely, quickly, and broadly to make transportation safer, increasingly accessible, and more reliable and efficient than ever before. The Aurora Driver is a self-driving system designed to operate multiple vehicle types, from freight-hauling semi-trucks to ride-hailing passenger vehicles, and underpins Aurora Horizon and Aurora Connect, its driver-as-a-service products for trucking and ride-hailing. Aurora is working with industry leaders across the transportation ecosystem, including Toyota, FedEx, Volvo Trucks, PACCAR, Uber, Uber Freight, U.S. Xpress, Werner, Covenant, Schneider, and Ryder. For Aurora’s latest news, visit aurora.tech and @aurora_inno on Twitter.

Aurora Overview
Aurora Press Kit

View source version on businesswire.com: https://www.businesswire.com/news/home/20230215005292/en/

Investor Relations:

Stacy Feit

ir@aurora.tech

(323) 610-0847

Media:

Khobi Brooklyn

press@aurora.tech

(415) 699-3657

Source: Aurora Innovation, Inc.

FAQ

What are the key highlights from Aurora's fourth quarter 2022 results?

Aurora reported significant advancements in self-driving technology and progress in collaborations with PACCAR and Volvo Trucks, with an expanded pilot program aimed at commercialization.

What is Aurora's stock symbol?

Aurora's stock symbol is AUR, listed on NASDAQ.

When will Aurora host its business review conference call?

Aurora will host its business review conference call on February 15 at 5:00 p.m. Eastern Time.

What milestone is Aurora expected to achieve by the end of Q1 2023?

Aurora aims to achieve its Feature Complete milestone by the end of Q1 2023.

Where can I find Aurora's financial results?

Aurora's financial results are available on their investor relations website at ir.aurora.tech.