Aurora Innovation reported Q3 2024 financial results, with a net loss of $208 million compared to $190 million in Q3 2023. Total operating expenses decreased 8% year-over-year to $196 million. Research and development costs fell 7% to $169 million, while selling, general and administrative expenses dropped 10% to $27 million.The company completed a public offering in August 2024, raising $466 million in net proceeds through the sale of approximately 134 million shares of Class A common stock at $3.60 per share. As of September 30, 2024, Aurora had $263 million in cash and cash equivalents, $985 million in short-term investments, and $104 million in long-term investments.Aurora continues to develop its Aurora Driver autonomous driving system, focusing first on launching Aurora Driver for Freight, its driverless trucking service. Management believes current liquidity is sufficient for at least 12 months of operations but expects to continue incurring losses and may need to raise additional capital to support ongoing development and commercialization efforts.

Aurora Innovation reported Q3 2024 financial results, with a net loss of $208 million compared to $190 million in Q3 2023. Total operating expenses decreased 8% year-over-year to $196 million. Research and development costs fell 7% to $169 million, while selling, general and administrative expenses dropped 10% to $27 million.The company completed a public offering in August 2024, raising $466 million in net proceeds through the sale of approximately 134 million shares of Class A common stock at $3.60 per share. As of September 30, 2024, Aurora had $263 million in cash and cash equivalents, $985 million in short-term investments, and $104 million in long-term investments.Aurora continues to develop its Aurora Driver autonomous driving system, focusing first on launching Aurora Driver for Freight, its driverless trucking service. Management believes current liquidity is sufficient for at least 12 months of operations but expects to continue incurring losses and may need to raise additional capital to support ongoing development and commercialization efforts.