Aurora , and UTONOMOUS Business Update | Second Quarter 2024 July 31, 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 the benefits of integrating artificial intelligence into our product ...

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 June 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 _______ Commis ...

Autonomous Trucking Services - Aurora's driverless trucking subscription service has been rebranded to Aurora Driver for Freight from Aurora Horizon[3] - 75% of the commercial loads on the Dallas to Houston launch lane had a 100% API during the second quarter, increasing to over 80% in June[7] - Aurora has autonomously delivered 6,785 loads, driving over 1.8 million commercial miles with nearly 100% on-time performance for pilot customers[13] - Aurora announced a long-standing relationship with Uber Freight expanding from pilot operations to committed volume, with driverless hauls expected by the end of 2024[10] - Aurora's Premier Autonomy program with Uber Freight provides early access to over one billion driverless miles through 2030[10] Financial Performance and Expenses - Aurora's operating expenses for Q2 2024 totaled $198 million, including $38 million in stock-based compensation[28] - Aurora used approximately $176 million in operating cash during Q2 2024, with capital expenditures totaling $11 million[29] - Aurora ended Q2 2024 with $1.0 billion in cash and short-term investments, expected to fund operations into Q4 2025[29] - Cash and cash equivalents decreased to $402 million as of June 30, 2024, from $501 million as of December 31, 2023[33] - Total current assets decreased to $1,043 million as of June 30, 2024, from $1,217 million as of December 31, 2023[33] - Net loss for the six months ended June 30, 2024, was $347 million, compared to $414 million for the same period in 2023[34] - Research and development expenses for the six months ended June 30, 2024, were $336 million, down from $364 million in the same period in 2023[34] - Adjusted EBITDA for the six months ended June 30, 2024, was $(306) million, compared to $(333) million for the same period in 2023[40] - Net cash used in operating activities for the six months ended June 30, 2024, was $326 million, compared to $318 million for the same period in 2023[38] - Cash, cash equivalents, and restricted cash at the end of the period were $419 million as of June 30, 2024, compared to $182 million as of June 30, 2023[38] - Stock-based compensation for the six months ended June 30, 2024, was $74 million, down from $82 million in the same period in 2023[38] - Total liabilities decreased to $197 million as of June 30, 2024, from $250 million as of December 31, 2023[33] - Accumulated deficit increased to $(3,957) million as of June 30, 2024, from $(3,610) million as of December 31, 2023[33] Technology and Product Development - Aurora's production-ready Volvo VNL Autonomous, powered by the Aurora Driver, began production in May 2024[20] - Aurora's FirstLight Lidar on chip technology is undergoing validation testing, with integration into a single photonics engine expected by the end of 2024[21]

Robotaxis have reportedly become very successful in the Chinese city of Wuhan, and the country is clearly moving towards allowing the phenomenon to become widespread in many of its cities. China’s two largest cities — Beijing and Shanghai — are paving the way for robotaxis to operate legally within their borders. These developments have lit a fire recently under the stocks of several China- and U.S.-based companies that could benefit from the proliferation of robotaxis. And over the longer term, the success ...

While the concept of self-driving vehicles was once the exclusive domain of science fiction, increasingly, this paradigm could become a reality. If so, you’re going to want to at least consider acquiring some autonomous driving stocks now. Sure, the space is incredibly risky and so it’s not prudent to go all in. Nevertheless, some cautious exposure could turn out to be lucrative.For one thing, we must talk about the upside prospect. According to Precedence Research, the global autonomous vehicle market reac ...

DALLAS, June 25, 2024 (GLOBE NEWSWIRE) -- Uber Freight and Aurora Innovation (NASDAQ:AUR) are launching Premier Autonomy, a new program providing early access to over 1 billion of Aurora's driverless miles to Uber Freight carriers through 2030. The program is the latest in their longstanding partnership to integrate and deploy autonomous trucks on the Uber Freight network to enable carriers of all sizes to improve utilization and enhance business efficiency through autonomous technology. Additionally, Uber ...

Penny stocks are risky. That’s why we attach a warning to the tail-end of penny stock articles. It’s also why the SEC warns of their dangers.“Penny stocks may trade infrequently — which means that it may be difficult to sell penny stock shares once you have them. Because it may also be difficult to find quotations for penny stocks, they may be impossible to accurately price. Investors in penny stock should be prepared for the possibility that they may lose their whole investment.”In short, pay close attenti ...

With the advancement of the Internet, you might think under-the-radar stocks might be an obsolete concept. In a way, that’s true. Combined with social media, it’s difficult for any truly viable enterprise to not be talked about.However, it’s more than possible that Wall Street analysts fail to give compelling companies their fair share of the spotlight. For this article, I’m going to focus on consensus hold ratings. The experts are pensive on these under-the-radar stocks. Here’s why that might be a mistake. ...

Greensboro, N.C., May 20, 2024 (GLOBE NEWSWIRE) -- Volvo Autonomous Solutions (V.A.S.) today unveiled Volvo's first-ever production ready autonomous truck at the Advanced Clean Transporation (ACT) Expo in Las Vegas. The Volvo VNL Autonomous brings together Volvo's commercial vehicle expertise with industry-leading autonomous driving technology from Aurora Innovation (NASDAQ:AUR). The result is a purpose-designed and purpose-built autonomous truck that will be the key enabler to increasing freight capacity a ...

Greensboro, N.C., May 20, 2024 (GLOBE NEWSWIRE) -- Volvo Autonomous Solutions (V.A.S.) today unveiled Volvo’s first-ever production ready autonomous truck at the Advanced Clean Transporation (ACT) Expo in Las Vegas. The Volvo VNL Autonomous brings together Volvo’s commercial vehicle expertise with industry-leading autonomous driving technology from Aurora Innovation (Nasdaq: AUR). The result is a purpose-designed and purpose-built autonomous truck that will be the key enabler to increasing freight capacity ...