Aurora Announces Second Quarter 2022 Results

Rhea-AI Summary

Aurora Innovation, Inc. (NASDAQ: AUR) reported strong second quarter 2022 results, reaching key milestones in their quest to scale the Aurora Driver technology. CEO Chris Urmson highlighted advancements in technology, fault management, and an expanding partner ecosystem. The company is focused on commercialization of Aurora Horizon, its autonomous trucking product. A business review call is scheduled for August 3 at 5:00 p.m. Eastern time, with a webcast available on their investor relations site.

Positive

• Achieved significant technological advancements and fault management milestone.
• Expanded partner ecosystem with industry leaders like Toyota and FedEx.
• Clear roadmap towards commercialization of Aurora Horizon.

Negative

• None.

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

“We had a strong second quarter, making meaningful progress against our ambitious goal to deploy the Aurora Driver at scale. We advanced our technology, achieved our fault management milestone, and grew our partner ecosystem,” said Aurora CEO and Co-founder Chris Urmson. “The roadmap we shared today demonstrates a focused path to our planned commercialization of Aurora Horizon, our autonomous trucking product, and we will continue to set high standards for self-driving technology.”

The company will host a business review call today, August 3, 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 partnered with industry leaders across the transportation ecosystem, including Toyota, FedEx, Volvo Trucks, PACCAR, Uber, Uber Freight, U.S. Xpress, Werner, Covenant, and Schneider. To learn more, visit www.aurora.tech.

Aurora Press Kit

View source version on businesswire.com: https://www.businesswire.com/news/home/20220803005952/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 second quarter 2022 results for Aurora (AUR)?

Aurora Innovation, Inc. reported strong second quarter results, progressing towards scaling the Aurora Driver technology.

When is Aurora's business review call?

Aurora's business review call is scheduled for August 3 at 5:00 p.m. Eastern time.

What is Aurora Horizon?

Aurora Horizon is the company's autonomous trucking product, aimed at commercial deployment.

Who are Aurora's partners?

Aurora partners with industry leaders including Toyota, FedEx, and Volvo Trucks.

What advancements did Aurora achieve in Q2 2022?

Aurora achieved significant technological advancements and reached a fault management milestone.