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Aurora Innovation (AUR)
NASDAQ:AUR
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.11Last Year’s EPS
-$0.13Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 8.28%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in capital raising, financial stability, and operational advancements. However, the delay in the commercial launch and continued operational losses pose challenges. Despite these, the positive feedback from partners and expansion plans indicate a promising outlook.Company Guidance
During Aurora's Q3 2024 earnings call, the company provided guidance on several key metrics and milestones as it approaches its commercial launch. Aurora's Autonomy Readiness Measure (ARM) for its Dallas to Houston launch lane was reported at 97% as of the end of October, indicating significant progress towards driverless operations. The company also highlighted that 80% of its commercial loads on this route achieved a 100% Autonomy Performance Indicator (API), reflecting a 5-percentage point improvement from the previous quarter. Aurora anticipates reaching approximately 90% API by its commercial launch, now expected in April 2025. Financially, the company ended Q3 with $1.4 billion in liquidity, successfully raising nearly $0.5 billion in August, which extends its cash runway into 2026. Operating expenses for the quarter totaled $196 million, with R&D costs at $139 million excluding stock-based compensation. Aurora aims to operate up to 10 driverless trucks by the end of 2025, with plans to expand operations to include new lanes such as Fort Worth to Phoenix.Successful Capital Raise
Aurora completed another successful capital raise in August, adding nearly $0.5 billion to its balance sheet, extending the runway well into 2026.
Strong Financial Position
Aurora ended Q3 2024 with approximately $1.4 billion in cash and short-term and long-term investments.
Autonomy Performance Improvement
80% of the commercial loads on the Dallas to Houston launch lane had 100% API, which is a 5-percentage point increase from last quarter.
Positive Feedback from Partner Summit
The annual Partner Summit saw positive feedback with a ride experience rating of 4.7 out of 5 across 20 criteria from over 20 large carriers.
Expansion Plans and Progress
Plans to extend operations to Fort Worth to Phoenix lane in 2025, enhancing the Aurora Driver's route capabilities.
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AUR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AUR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $6.64 | $5.20 | -21.69% |
| Jul 31, 2024 | $4.00 | $4.07 | +1.75% |
| May 08, 2024 | $3.36 | $3.61 | +7.44% |
| Feb 14, 2024 | $3.29 | $3.09 | -6.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aurora Innovation (AUR) report earnings?
Aurora Innovation (AUR) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Aurora Innovation (AUR) earnings time?
Aurora Innovation (AUR) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AUR EPS forecast?
AUR EPS forecast for the fiscal quarter 2024 (Q4) is -$0.11.
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