Aurora Innovation, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 04:20 pm EST
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Aurora Innovation, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net loss was USD 192 million compared to USD 293 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.25 a year ago.
For the full year, net loss was USD 796 million compared to USD 1,723 million a year ago. Basic loss per share from continuing operations was USD 0.6 compared to USD 1.51 a year ago.
Aurora Innovation, Inc. develops the Aurora Driver, which is designed as a platform to adapt and interoperate amongst a multitude of vehicle types and applications. The Company has integrated the Aurora Driver into numerous different vehicle platforms designed to meet its requirements: from passenger vehicles to light commercial vehicles to Class 8 trucks. By creating a common driver platform for multiple vehicle types and use cases. Its second core market focuses on passenger mobility, initially targeting the ride hailing space with Aurora Connect, its driverless ride hailing subscription service. The Aurora Driver will be delivered as a service via Aurora Horizon, its driverless trucking subscription service, and Aurora Connect, its driverless ride hailing subscription service. It also operates its self-driving test vehicle fleet in diverse weather and operating environments, across the Bay Area, Pittsburgh and Texas, allowing it to create a more robust self-driving system.
AURORA INNOVATION, INC. 
