NASDAQ$AUR
Aurora Innovation Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Aurora reported a net loss of $193 million in Q4 2024, with strong fiscal discipline and progress towards commercial launch.
Aurora demonstrated strong fiscal discipline in Q4 2024, with operating expenses under budget and a strengthened liquidity position. The company made significant technological progress, reaching 99% Autonomy Readiness Measure (ARM) and approaching 90% Autonomy Performance Indicator (API) loads for its Dallas to Houston launch lane, with commercial launch planned for April 2025.
- Aurora is on track for its Commercial Launch in April 2025, with driverless trucks hauling customer loads between Dallas and Houston.
- The Autonomy Readiness Measure (ARM) for the Dallas to Houston launch lane reached 99% by the end of January, up from 97% in October.
- The 100% Autonomy Performance Indicator (API) loads averaged 79% for Q4 2024, with 88% excluding the first two weeks due to a software issue.
- The company ended the year with over $1.2 billion in cash and short-term investments, expecting this liquidity to fund operations into the second half of 2026.
Headline financials
Revenue & EPS history
Aurora · Revenue · Quarterly
$0
Forward guidance
Aurora expects to begin recognizing revenue at Commercial Launch in April 2025, with modest revenue in the mid-single digit millions range for 2025. The company plans to expand product capabilities to include night driving and rainy conditions, and begin lane expansion to Fort Worth - El Paso - Phoenix in the second half of 2025, increasing capacity to tens of trucks by year-end.
Tailwinds
- Planned Commercial Launch in April 2025 for driverless trucks between Dallas and Houston.
- Expected expansion of product capabilities to include validated night driving and rainy conditions in H2 2025.
- Beginning lane expansion strategy with driverless operations on the Fort Worth to El Paso lane, with further extension to Phoenix in H2 2025.
- Increasing capacity to tens of trucks by the end of 2025.
- Introduction of next-generation hardware kit later in 2025 to drive step-function reduction in hardware costs.
Headwinds
- Expected 2025 revenue to be modest, in the mid-single digit millions range.
- Anticipated quarterly cash use of $175 - $185 million on average in 2025.
- Increase in capital expenditures and continued development of new hardware programs in 2025.
- Denial of FMCSA application for a modernized flashing light roadside warning system for autonomous trucks.
- The company does not anticipate aggregate API to ever reach 100% due to certain situations requiring on-site support.
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 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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