Aurora Announces Third Quarter 2022 Results

Rhea-AI Summary

Aurora Innovation, Inc. (NASDAQ: AUR) announced its third quarter 2022 results, emphasizing substantial progress in its business segments: the Aurora Driver, operations, and the truck platform. CEO Chris Urmson asserted confidence in launching Aurora Horizon by late 2024, supported by its innovative technology and talented team. A business review call is scheduled for November 2 at 5:00 p.m. ET, with financial details available on the investor relations website.

Positive

• Demonstrated strong progress in Aurora Driver, operations, and truck platform.
• Confident plan to launch Aurora Horizon by end of 2024.
• Differentiated technology and industry-leading team.

Negative

• None.

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

“We continue to demonstrate strong progress across the three elements of our business - the Aurora Driver, operations & service delivery, and the truck platform, and we remain squarely focused on executing our plan to launch Aurora Horizon by the end of 2024,” said Aurora CEO and Co-founder Chris Urmson. “We are confident in our strong path to market, differentiated technology, and industry-leading team, and we continue to believe autonomous technology will be the next fundamental change in ground transportation.”

The company will host a business review call today, November 2, 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 works with industry leaders across the transportation ecosystem, including Volvo Trucks, PACCAR, Toyota, Uber, FedEx, U.S. Xpress, Schneider, Werner, Covenant, and Uber Freight. To learn more, visit www.aurora.tech.

Aurora Overview
Aurora Press Kit

View source version on businesswire.com: https://www.businesswire.com/news/home/20221102005312/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 did Aurora Innovation announce about its Q3 2022 results?

Aurora Innovation announced significant progress in its business sectors and plans to launch Aurora Horizon by the end of 2024.

When is the business review call for Aurora Innovation?

The business review call is scheduled for November 2 at 5:00 p.m. Eastern time.

What are the key elements of Aurora Innovation's business?

The key elements include the Aurora Driver, operations & service delivery, and the truck platform.

What is the stock symbol for Aurora Innovation?

The stock symbol for Aurora Innovation is AUR.