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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024财年二季报
美股SEC公告 ·  2024/07/31 22:25

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Aurora Innovation reported Q2 2024 financial results with revenue remaining at zero while net loss narrowed to $182 million from $218 million year-over-year. Operating expenses decreased 9% to $198 million, driven by lower hardware costs for development fleets and reduced stock-based compensation. The company maintained a strong liquidity position with $402 million in cash and $618 million in short-term investments.Research and development expenses declined 9% to $170 million as the company optimized development fleet costs, while selling, general and administrative expenses decreased 7% to $28 million through reduced personnel costs. The company's Driver as a Service business model continues to progress, with plans to first launch Aurora Driver for Freight, its driverless trucking subscription service.Management expects current liquidity to be sufficient for at least 12 months of operations but acknowledges the need to raise additional capital to support continued development and commercialization of the Aurora Driver. The company faces ongoing challenges from economic uncertainties and inflationary pressures while working toward its commercial launch targets.
Aurora Innovation reported Q2 2024 financial results with revenue remaining at zero while net loss narrowed to $182 million from $218 million year-over-year. Operating expenses decreased 9% to $198 million, driven by lower hardware costs for development fleets and reduced stock-based compensation. The company maintained a strong liquidity position with $402 million in cash and $618 million in short-term investments.Research and development expenses declined 9% to $170 million as the company optimized development fleet costs, while selling, general and administrative expenses decreased 7% to $28 million through reduced personnel costs. The company's Driver as a Service business model continues to progress, with plans to first launch Aurora Driver for Freight, its driverless trucking subscription service.Management expects current liquidity to be sufficient for at least 12 months of operations but acknowledges the need to raise additional capital to support continued development and commercialization of the Aurora Driver. The company faces ongoing challenges from economic uncertainties and inflationary pressures while working toward its commercial launch targets.
Aurora Innovation报告了2024年第二季度的财务结果,营业收入保持为零,而净亏损从去年的21800万减少到18200万。营业费用下降了9%,降至19800万,这得益于开发车队的硬件成本降低和股票激励费用减少。公司保持了强劲的流动性,现金达到40200万,短期投资达到61800万。研发费用下降了9%,降至17000万,因为公司优化了开发车队的成本,而销售、一般和管理费用通过减少人事成本下降了7%,降至2800万。公司的"司机即服务"商业模式持续进展,计划首先推出Aurora Driver for Freight,即无司机的公路运输订阅服务。管理层预计当前的流动性足以支撑至少12个月的运营,但承认需要筹集额外资金以支持Aurora Driver的持续开发和商业化。公司在朝着商业化目标迈进的同时,面临经济不确定性和通货膨胀压力的持续挑战。
Aurora Innovation报告了2024年第二季度的财务结果,营业收入保持为零,而净亏损从去年的21800万减少到18200万。营业费用下降了9%,降至19800万,这得益于开发车队的硬件成本降低和股票激励费用减少。公司保持了强劲的流动性,现金达到40200万,短期投资达到61800万。研发费用下降了9%,降至17000万,因为公司优化了开发车队的成本,而销售、一般和管理费用通过减少人事成本下降了7%,降至2800万。公司的"司机即服务"商业模式持续进展,计划首先推出Aurora Driver for Freight,即无司机的公路运输订阅服务。管理层预计当前的流动性足以支撑至少12个月的运营,但承认需要筹集额外资金以支持Aurora Driver的持续开发和商业化。公司在朝着商业化目标迈进的同时,面临经济不确定性和通货膨胀压力的持续挑战。
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