NASDAQ$AUR
Aurora Innovation Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Aurora demonstrated fiscal discipline and progressed towards commercial launch.
Aurora Innovation reported a net loss of $208 million for Q3 2024. The company raised $483 million in gross proceeds from a public offering, ending the quarter with approximately $1.4 billion in cash, short-term and long-term investments.
- Commercial launch is expected in April 2025.
- The Autonomy Readiness Measure (ARM) reached 97% at the end of October.
- 80% of commercial loads on the Dallas to Houston launch lane had a 100% API.
- The company raised nearly half a billion dollars, extending the financial runway into 2026.
Headline financials
Revenue & EPS history
Aurora · Revenue · Quarterly
$0
Forward guidance
Aurora anticipates a commercial launch in April 2025 and expects cash use for Q4 2024 to be within the $175 - $185 million quarterly average range, with 2025 quarterly average cash use expected to be in this range as well.
Tailwinds
- Commercial launch expected in April 2025.
- Plan to extend Fort Worth to El Paso lane to Phoenix in 2025.
- Expect to begin commercial pilots for customers between Fort Worth and Phoenix in the first half of 2025.
- Integrated several new, Aurora Driver-equipped Volvo VNL Autonomous trucks into our fleet.
- Teams are preparing to start initial testing in the first half of 2025 as we continue to progress toward the start of production planned for 2027.
Headwinds
- Commercial launch is modestly later than intended.
- Expect to deploy up to 10 driverless trucks in commercial operations during launch.
- Early efforts will be focused on exercising the full product suite to ensure a seamless product launch.
- Net loss of $208 million.
- Cash use for Q4 2024 is expected to be within the $175 - $185 million quarterly average range.
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 Q3 2024
-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
| Quarter | Report date | Reaction (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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