As the broader indices like the Nasdaq and the S&P 500 continue to move higher, this has led to this list of high-risk, high-reward stocks that investors should pay attention to. When the backdrop is bullish as it is today, investors could make some solid returns via investing in companies such as these, as a rising tide lifts all boats.It should be noted that these companies are especially risky. Most have speculative trajectories and could be considered contrarian plays that need to be examined closely be ...

PITTSBURGH--(BUSINESS WIRE)--Aurora Innovation, Inc. (NASDAQ: AUR) will host an Analyst & Investor Day on Thursday, March 14, 2024 at its headquarters in Pittsburgh. The company will share details on its strategy to commercialize the Aurora Driver and scale autonomy across the trucking industry. Keynote presentations by Aurora executives are scheduled to begin at 8:45 a.m. EDT and are expected to conclude by 10:45 a.m EDT. Due to limited capacity, in-person attendance is by invitation only. The presentatio ...

©2024 | Aurora F O U R T H Q U A R T E R 2 0 2 3 B U S I N E S S U P D A T E Proprietary F E B R U A R Y 1 4 , 2 0 2 4 ©2024 | Aurora Cautionary ...

Aurora Innovation, Inc. (NASDAQ:AUR) Q4 2023 Earnings Conference Call February 14, 2024 5:00 PM ET Company Participants Stacy Feit - Vice President, Investor Relations Chris Urmson - Co-Founder and CEO David Maday - Chief Financial Officer Conference Call Participants George Gianarikas - Canaccord Genuity Justine Laufer - Bernstein Mark Delaney - Goldman Sachs Andres Sheppard - Cantor Fitzgerald Operator Greetings. And welcome to the Aurora Innovation Fourth Quarter 2023 Business Review Call. At this time, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-40216 Aurora Innovation, Inc. (Exact name of registrant as specified in its charter) | --- | --- | ...

Aurora Innovation, the autonomous vehicle technology company aiming to launch a “driverless” self-driving trucks business by the end of 2024, laid off dozens of workers this week, according to sources familiar with the action. The Pittsburgh-based company, which also has facilities in California, Colorado, Texas and Montana, has since confirmed that about 3% of its workforce was laid off following an organizational review.Aurora employed about 1,800 workers as of the end of 2023, according to the company.“A ...

Aurora Innovation, Inc. (NASDAQ:AUR) Q3 2023 Earnings Conference Call November 1, 2023 5:00 PM ET Company Participants Stacy Feit - VP of IR Chris Urmson - Co-Founder and CEO David Maday - CFO Conference Call Participants George Gianarikas - Canaccord Genuity Chris McNally - Evercore ISI Wyatt Swanson - D.A. Davidson Mark Delaney - Goldman Sachs Jeffrey Osborne - Cowen and Company Operator Hello, and welcome to the Aurora Third Quarter 2023 Business Review Call. [Operator Instructions] A question-and-answer ...

Equity Financing - Aurora completed a private placement on July 21, 2023, selling approximately 222 million shares of Class A common stock at $2.70 per share, raising $584 million net of transaction costs[67] - Aurora completed a public offering on July 21, 2023, selling approximately 73 million shares of Class A common stock at $3.00 per share, raising $212 million net of transaction costs, with an additional 11 million shares issued for $32 million due to underwriters' overallotment[68] - The company raised $853 million in equity capital during Q3 2023, with net proceeds of $828 million after transaction costs[82] - Net cash provided by financing activities surged to $827 million for the nine months ended September 30, 2023, driven by net proceeds from the Private Placement and Public Offering[86] Financial Performance - Research and development expenses increased by $12 million (7%) to $182 million in Q3 2023 compared to Q3 2022, driven by higher personnel costs[74] - Selling, general and administrative expenses decreased by $3 million (9%) to $30 million in Q3 2023 compared to Q3 2022[74] - Net loss decreased by $8 million (4%) to $190 million in Q3 2023 compared to Q3 2022[72] - Other income, net increased by $12 million (240%) to $17 million in Q3 2023 compared to Q3 2022, primarily due to higher interest income[72] - Research and development expenses increased by $38 million (7%) to $546 million in the nine months ended September 30, 2023, compared to the same period in 2022[79] - Selling, general and administrative expenses decreased by $7 million (7%) to $91 million in the nine months ended September 30, 2023, compared to the same period in 2022[79] - Net loss decreased by $825 million (58%) to $604 million in the nine months ended September 30, 2023, compared to the same period in 2022[77] - Other income, net increased by $32 million (400%) to $40 million in the nine months ended September 30, 2023, compared to the same period in 2022[77] Cash Flow and Liquidity - Cash and cash equivalents totaled $953 million, with short-term investments of $518 million as of September 30, 2023[82] - Net cash used in operating activities increased to $465 million for the nine months ended September 30, 2023, up from $367 million in the same period in 2022[84] - Net cash provided by investing activities was $332 million for the nine months ended September 30, 2023, compared to a net cash used of $766 million in the same period in 2022[85] - Total liquidity is expected to meet working capital and capital expenditure requirements for at least twelve months from the date of the Quarterly Report[82] - The company expects to continue incurring operating losses and may need to raise additional capital to support the development and commercialization of the Aurora Driver[82] Risk and Controls - The company is exposed to interest rate and inflation risks, but a 100-basis point change in interest rates is not expected to have a material effect on its business[92][93] - The company's disclosure controls and procedures were deemed effective as of September 30, 2023[94] - No material changes in internal control over financial reporting occurred during the fiscal quarter ended September 30, 2023[95]

Aurora Innovation, Inc. (NASDAQ:AUR) Q2 2023 Results Conference Call August 2, 2023 5:00 PM ET Company Participants Stacy Feit - Vice President of Investor Relations Chris Urmson - Co-Founder and CEO David Maday - CFO Conference Call Participants George Gianarikas - Canaccord Genuity Wyatt Swanson - D.A. Davidson Mark Delaney - Goldman Sachs Operator Greetings, and welcome to Aurora's Second Quarter 2023 Business Review Call [Operator Instructions]. As a reminder, this conference is being recorded. It is n ...

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, 2023 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 ...