Aurora Innovation(AUR)

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Auriant Mining AB (publ.) publishes an update on subsoil use licenses of its subsidiaries
GlobeNewswire· 2025-01-15 09:00
Company Overview - Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold exploration and production in Russia, primarily in the Republic of Tyva, Zabaikalye, and the Republic of Khakassia [4] - The company currently has four assets, including two operating mines (Tardan and Alluvial at Staroverinskaya), one early-stage exploration asset, and one development asset [4] - Auriant Mining's shares have been traded on Nasdaq First North Premier Growth Market under the short name AUR since July 19, 2010 [6] Subsoil Use License Issues - The Commission on revocation of subsoil use rights at Rosnedra has considered revoking subsoil use licenses of the company's subsidiaries, LLC "Tardan Gold" and LLC "GRE-324" [5] - LLC "Tardan Gold" has been given 12 months to rectify violations related to failures to reach production volumes and deficiencies in reporting for the license number KZL 00322 BR (the Tardan deposit) [5] - LLC "Tardan Gold" has been given 3 months to rectify violations related to deficiencies in reporting for the license number KZL 00367 BR (the Greater Tardan area) [5] - LLC "GRE-324" has been given 12 months to rectify violations related to failures to reach production volumes, non-submission of exploration results for state expert review, and non-filing of geological reports to state funds for the license number CHIT 12355 BR (Staroverinskaya area) [3] Potential Consequences - If the violations are not rectified within the specified time periods, the Commission may revoke the subsoil use rights under the licenses upon expiration of the time periods [1] - Revocation of a subsoil use license would mean that all gold production and exploration activities under such license would have to be stopped [1] - The subsidiaries are working on rectifying the violations to prevent revocation of their subsoil use rights [1]
What's Happening With Aurora Innovation Stock?
Forbes· 2025-01-08 13:57
Core Insights - Aurora Innovation's stock price surged nearly 30% following a partnership announcement with Nvidia and Continental to scale up driverless truck deployment, utilizing Nvidia's DRIVE Thor SoC and DriveOS for its autonomous driving system [1] - The demand for self-driving technology is increasing, with competitors like Waymo already achieving 150,000 weekly paid rides, indicating a growing market for autonomous vehicles [1] - Aurora's partnerships with Volvo and PACCAR aim to develop and commercialize autonomous trucks, addressing long-term issues such as driver shortages and freight efficiency [1] Company Overview - Aurora was founded by experts from leading companies in the autonomous vehicle sector, including Chris Urmson from Waymo, Sterling Anderson from Tesla, and Drew Bagnell from Uber, bringing significant industry experience [2] - The company is currently in the testing phase for its self-driving technology and has a limited revenue stream, primarily from collaborations, with expectations to earn revenue on a fee-per-mile basis [3] Financial Performance - Aurora has reported operating losses ranging from $730 million to $850 million in recent years, indicating significant investment in technology development [3] - The stock has shown volatility, with annual returns of 13% in 2021, -89% in 2022, 261% in 2023, and 44% in 2024, outperforming the S&P 500 index, which rose 25% in the same period [3] Market Position - Despite mixed growth, Aurora's stock has increased by 91% since the beginning of 2024, highlighting its potential in the autonomous driving market [3] - Comparisons with peers, such as Google, provide insights into Aurora's performance metrics and market standing [4]
Aurora Stock Jumps on Autonomous Driving Partnership With Nvidia, Continental
Investopedia· 2025-01-07 16:15
Key TakeawaysShares of Aurora Innovation surged Tuesday morning after the company announced a new partnership to develop driverless trucks.The company will work with Nvidia to develop its self-driving software, and with Continental on a plan to manufacture the equipment at scale starting in 2027.Nvidia also announced partnerships with Toyota and Uber late Monday for the companies to use Nvidia's driver assistance and self-driving software. Shares of Aurora Innovation (AUR) jumped more than 35% Tuesday morni ...
Dara Khosrowshahi resigns from self-driving truck startup Aurora's board
TechCrunch· 2025-01-03 21:56
Dara Khosrowshahi is resigning from the board of autonomous vehicle technology company Aurora Innovation, citing a desire to focus on his ongoing responsibilities as CEO of Uber and reduce external board commitments, according to a Friday regulatory filing.Khosrowshahi’s resignation was effective as of Tuesday. Aurora says Khosrowshahi’s decision to leave the board was not the result of any disagreement with the company. The Uber chief executive and Aurora Innovation go way back. In 2020, Uber offloaded i ...
Auriant Mining AB (publ.) shares to be moved from First North Premier Segment to Nasdaq First North Growth Market
GlobeNewswire· 2024-12-20 11:42
Auriant Mining AB (the “Company”) has been informed by the Exchange that its shares (AUR, ISIN code SE0001337213) will be moved from the First North Premier Segment to Nasdaq First North Growth Market. The segment change will become effective at market open on Thursday, 2 January 2025. The reason for the change is that the Company’s average market capitalization is below the 10 MEUR threshold, required for listing at the First North Premier Segment. The Company confirms its plan to apply for delisting of t ...
Aurora Innovation's Driverless Tech Is Driving Investor Buzz
MarketBeat· 2024-12-19 12:46
Company Overview - Aurora Innovation Inc is a $14 billion tech company headquartered in Pittsburgh, focusing on next-generation self-driving technology, particularly autonomous trucks for commercial use [2] - The company is pre-revenue, with investors focusing on its long-term potential rather than backward-looking metrics [3] - Aurora's shares have gained nearly 300% since June 2023, with a 14% jump in a recent Monday session making it one of the day's top performers [1] Recent Performance and Growth Prospects - Aurora is on the brink of a new era in mobility and logistics, with a new key customer and nearly $500 million added to its balance sheet [4] - The company has logged over two million supervised miles and plans to deploy tens of driverless trucks by late 2025 [6] - Aurora's gross margins could exceed 50% by 2031, with minimal annual capex, supported by an exclusive partnership with Continental for scaling production starting in 2027 [7] Market and Analyst Sentiment - Cantor Fitzgerald initiated coverage with an Overweight rating and a $10 price target, projecting a 25% upside from Monday's close [5] - Aurora's Relative Strength Index (RSI) is at 64, indicating bullish momentum without being overbought [10] - Despite the bullish outlook, many analysts maintain a cautious approach, with a general consensus of Hold and Sell ratings, awaiting more evidence of Aurora's potential [9] Industry Context - Aurora is operating in a $1 trillion U.S. trucking market and a $4 trillion global market, with favorable U.S. regulations, particularly in key states like Texas [7] - The broader risk-on sentiment and a dovish Fed are creating a favorable environment for growth stocks like Aurora [11]
Aurora Innovation(AUR) - 2024 Q3 - Earnings Call Presentation
2024-10-31 07:35
Aurora Business Update | Third Quarter 2024 世 October 30, 2024 Cautionary statement regarding forward-looking statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, including but not limited to, those statements around our ability to achieve certain milestones around, and realize the potential bene ...
Aurora Innovation(AUR) - 2024 Q3 - Earnings Call Transcript
2024-10-31 03:36
Aurora Innovation, Inc. (NASDAQ:AUR) Q3 2024 Earnings Call October 30, 2024 5:00 PM ET Company Participants Stacy Feit - Vice President, Investor Relations Chris Urmson - Co-Founder and Chief Executive Officer David Maday - Chief Financial Officer Conference Call Participants George Gianarikas - Canaccord Genuity David Vernon - Bernstein Mark Delaney - Goldman Sachs Jeff Osborne - TD Cowen Operator Greetings and welcome to the Aurora Third Quarter 2024 Business Review Call. [Operator Instructions] As a remi ...
Aurora Innovation(AUR) - 2024 Q3 - Quarterly Report
2024-10-30 22:09
Table of Contents ____________________________ ____________________________ ____________________________ ____________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ C ...
Aurora Innovation(AUR) - 2024 Q3 - Quarterly Results
2024-10-30 20:20
Aurora Third Quarter 2024 Shareholder Letter October 30, 2024 | --- | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...