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Aurora Announces Fourth Quarter 2024 Results

1. Aurora aims for a Commercial Launch in 2025. 2. First driverless trucks to operate on public roads. 3. CEO highlights safety and efficiency in freight transport. 4. Aurora collaborates with industry leaders like FedEx and Uber. 5. Forward-looking statements caution against potential risks.

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FAQ

Why Bullish?

The anticipated launch of self-driving trucks suggests strong future earnings potential. Companies like Tesla have seen stock price increases on similar announcements.

How important is it?

The company's future growth hinges on the successful deployment of self-driving technology, impacting investor sentiment significantly.

Why Long Term?

The Commercial Launch in 2025 signals a significant shift in revenue streams. Historically, companies that scale innovative technologies often enjoy prolonged periods of growth.

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PITTSBURGH--(BUSINESS WIRE)--Aurora Innovation, Inc. (NASDAQ: AUR) today announced its fourth quarter and full year 2024 results. Aurora’s shareholder letter and financial results are available on its investor relations website at ir.aurora.tech. “We are on the cusp of our planned Commercial Launch, a pivotal step toward realizing our mission to deliver the benefits of self-driving technology safely, quickly, and broadly,” said Chris Urmson, co-founder and CEO of Aurora. “In 2025 Aurora will deploy its first driverless trucks on public roads, ushering in a future of safer, more efficient freight transportation and immense value creation." The company will host a business review conference call today, February 12, 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’s driver as a service products for trucking and ride-hailing. Aurora is working with industry leaders across the transportation ecosystem, including Continental, FedEx, Hirschbach, NVIDIA, PACCAR, Ryder, Schneider, Toyota, Uber, Uber Freight, Volvo Trucks, Volvo Autonomous Solutions, and Werner. To learn more, visit aurora.tech. 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, the prospects of the development, manufacturing, scaling and commercialization, and realization of the potential benefits, of the Aurora Driver and related services and technology and on the timeframe we expect or at all. 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”) Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 15, 2024, as amended by the Form 10-K/A filed with the SEC on May 24, 2024, and other documents filed by Aurora from time to time with the SEC, which are accessible on the SEC website at www.sec.gov. Additional information will also be set forth in Aurora’s Annual Report on Form 10-K for the year ended December 31, 2024. 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.

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