NASDAQ$AUR

Aurora Innovation Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Aurora reported its fourth quarter and full-year results for 2021, marking its first report as a publicly-traded company.

Aurora Innovation reported collaboration revenue of $26.939 million for the fourth quarter of 2021. The company is focused on developing self-driving technology and building partnerships to achieve commercial launch for autonomous trucking in late 2023 and ride-hailing in late 2024.

  • Launched second multi-phase commercial pilot with Uber Freight during the fourth quarter.
  • Began pulling loads for pilot partners 5 days a week and started nighttime hauls in January.
  • Announced a collaboration with U.S. Xpress to leverage Variant's intelligence for autonomous technology impact.
  • Engineers leveraged virtual supercomputer to conduct approximately five million simulations per day during the fourth quarter.

Headline financials

Total Revenue

$26.9M

No prior period
EPS (adj)

-$0.25

Previous: -$0.79+68.4%
Capital Expenditures

$15.9M

Previous: $6.69M+138.1%
Free Cash Flow

-$577M

Previous: -$199M-190.7%
Net Income

-$252M

Previous: -$214M-17.4%
Operating Income

-$229M

Previous: -$218M-5.0%
Gross Profit

$26.9M

No prior period
Cash & Equivalents

$1.61B

Previous: $387M+315.7%
Total Assets

$3.69B

Previous: $619M+496.2%
Stock-Based Comp

$102M

Previous: $16.9M+502.2%

Revenue & EPS history

Aurora · Revenue · Quarterly

$26.9M

Q4 2021
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Forward guidance

Aurora is focused on executing its product roadmap and achieving critical milestones toward delivering commercial self-driving products at scale.

Tailwinds

  • Continue to learn through collaborations and pilots.
  • Increase operational capabilities.
  • Share more on future collaborations and pilots.
  • Expand into new operational design domains (ODDs).
  • Demonstrate a major milestone towards satisfying the Fail-Safe core claim of our safety case during the third quarter of this year.

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 Q4 2021

Historical avgQ4 2021

-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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