NASDAQ$AUR
Aurora Innovation Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Aurora made significant strides in autonomous trucking, expanded its ecosystem, and advanced its technology.
Aurora Innovation made substantial progress in Q4 2022 towards the commercialization of its Aurora Horizon autonomous trucking service. They achieved key technological advancements, expanded their trucking ecosystem, and grew their pilot operations, exceeding their commercial load target.
- Expanded trucking ecosystem with the addition of Ryder for on-site fleet maintenance pilot program.
- Exceeded Q4 commercial load target, demonstrating growth in pilot operations.
- Progressed with OEM partners, Paccar and Volvo, on scalable, autonomy-enabled truck platforms.
- Released Beta 5.0 for the Aurora Driver, unlocking key safety-critical highway driving capabilities.
Headline financials
Revenue & EPS history
Aurora · Revenue · Quarterly
$2M
Forward guidance
Aurora is on track to achieve its Feature Complete milestone by the end of Q1 2023 and is preparing for the commercial launch of Aurora Horizon by the end of 2024.
Tailwinds
- Targeting Feature Complete milestone by the end of Q1 2023.
- Preparing to commercially launch Aurora Horizon by the end of 2024.
- Scaling operations throughout 2023 with maturing infrastructure in Texas.
- Continuing to mature command center specialist functionality within Aurora Beacon.
- Expects liquidity to fund Aurora through mid-2024.
Headwinds
- Market capitalization declined below carrying value of net assets.
- Triggered a $114 million non-cash reduction in the carrying value of goodwill.
- Used $141 million in operating cash during the fourth quarter.
- Still in the development and testing phase, with significant R&D expenses.
- No guarantee on achieving milestones around development and commercialization of Aurora Driver.
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 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
| 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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