NASDAQ$AUR

Aurora Innovation Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Aurora had a strong start to 2022, achieving critical milestones, advancing technology, and extending its partner ecosystem.

Aurora Innovation reported $42 million in collaboration revenue for Q1 2022, stemming from development work with Toyota. The company's focus remains on the commercialization of its autonomous trucking product, Aurora Horizon, with significant progress in technology and partnerships.

  • Achieved critical milestones in autonomous driving technology.
  • Advanced the Aurora Driver's capabilities in complex driving scenarios.
  • Expanded operational infrastructure and partnerships for Aurora Horizon.
  • Demonstrated the Aurora Driver's ability to power both trucking and ride-hailing products.

Headline financials

Total Revenue

$42M

No prior period
EPS (adj)

-$0.13

Previous: -$0.39+66.7%
Capital Expenditures

-$5.51M

Previous: $3.38M-263.1%
Free Cash Flow

-$82.3M

Previous: -$154M+46.7%
Net Income

-$76.8M

Previous: -$189M+59.3%
Operating Income

-$143M

Previous: -$192M+25.4%
Gross Profit

$42M

No prior period
Cash & Equivalents

$504M

Previous: $758K+66469.5%
Total Assets

$3.53B

Previous: $981M+260.1%
Stock-Based Comp

$29M

Previous: $36.9M-21.4%

Revenue & EPS history

Aurora · Revenue · Quarterly

$42M

Q1 2022
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Forward guidance

Aurora is focused on executing its plan and delivering the benefits of self-driving technology safely, quickly, and broadly. The company continues to work toward the launch of Aurora Horizon in late 2023.

Tailwinds

  • Advancements in technology, partnerships, product suite, and safety case.
  • Focus on the trucking market as the best entry point for self-driving technology.
  • Continued progress towards commercial deployment at scale.
  • Strong customer demand and unit economics in the trucking market.
  • Commitment to building an innovative and scalable product.

Headwinds

  • Uncertainty in the world.
  • Volatility in the financial markets.
  • Risks associated with achieving milestones and commercializing the Aurora Driver on the expected timeframe.
  • Assumptions and limitations in statistical data, estimates, and forecasts.
  • Reliance on third-party data without independent verification.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.7%

Avg return

Earnings day

+2.5%

Avg return

5 days after

-7.1%

Avg return

30 days after

18%

4 / 22 earnings

Positive

+46.0%

Q4 2024

Best reaction

-24.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-0.8%-13.5%
Q4 2025-3.2%+3.9%-6.4%
Q3 2025-1.5%-2.9%-19.4%
Q2 2025+0.0%+6.4%-2.8%
Q1 2025-5.9%-11.5%-24.3%
Q4 2024+46.0%+46.8%+8.1%
Q3 2024-24.7%-19.7%-6.4%
Q1 2024+6.5%-10.9%-32.7%
Q4 2023+0.7%-4.9%-27.0%
Q3 2023+9.7%+12.0%+38.3%
Q2 2023-7.8%-8.4%-4.2%
Q1 2023+0.0%+7.4%+6.7%
Q4 2022-2.3%+2.9%-28.0%
Q3 2022-3.8%-11.5%-30.8%
Q4 2019-2.2%-7.3%-13.0%
Q2 2022-3.3%-5.1%-11.0%
Q1 2022-0.2%-8.4%-25.9%
Q2 2021-13.4%+2.8%+6.0%
Q4 2021-5.6%-5.4%-3.2%
Q3 2021-1.6%+71.1%+32.2%
Q1 2021-0.8%-0.6%+1.1%
Q4 2020-0.8%-0.6%+1.1%

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