Aurora Announces Fourth Quarter 2023 Results

PITTSBURGH--(BUSINESS WIRE)--Aurora Innovation, Inc. (NASDAQ: AUR) today announced its fourth quarter and full year 2023 results. Aurora’s shareholder letter, including its financial results, are available on its investor relations website at ir.aurora.tech.

“Aurora continues to lead the autonomous trucking industry by executing a strategy centered on technological, commercial and financial progress,” said Chris Urmson, Co-Founder and Chief Executive Officer at Aurora. “During the fourth quarter our team successfully put many of the final pieces into place to support our planned commercial launch and operations at scale while showing strong financial discipline. With outstanding momentum behind us, Aurora could not be better prepared for the year ahead.”

The company will host a business review conference call today, February 14, at 5:00 p.m. Eastern time. The conference call will be webcast on Aurora’s investor relations website at ir.aurora.tech and an accompanying presentation has also been posted to the website. A replay of the webcast will be available for 30 days following the call.

About Aurora

Aurora (Nasdaq: AUR) is delivering the benefits of self-driving technology safely, quickly, and broadly to make transportation safer, increasingly accessible, and more reliable and efficient than ever before. The Aurora Driver is a self-driving system designed to operate multiple vehicle types, from freight-hauling trucks to ride-hailing passenger vehicles, and underpins Aurora Horizon and Aurora Connect, its driver-as-a-service products for trucking and ride-hailing. Aurora is working with industry leaders across the transportation ecosystem, including Continental, FedEx, PACCAR, Ryder, Schneider, Toyota, Uber, Uber Freight, Volvo Trucks and Werner. For Aurora’s latest news, visit aurora.tech and @aurora_inno.

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Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, those statements around the prospects of the development, commercialization or market impact of Aurora's products and operations and Aurora’s expense and cash management. These statements are based on management’s current assumptions and are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties identified under the heading “Risk Factors” section of Aurora Innovation, Inc.’s (“Aurora”) Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, filed with the SEC on November 2, 2023, and other documents filed by Aurora from time to time with the SEC, which are accessible on the SEC website at www.sec.gov. See our Current Report on Form 8-K filed on July 18, 2023 for key forecast assumptions and estimates underlying certain of our financial projections. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. Aurora undertakes no obligation to update forward-looking statements to reflect future events or circumstances.