Aurora Innovation, Inc. (AUR) experienced an increase of 10.16% in premarket following the update in SEC filing. However, the last trading session closed at $4.92 with a decrease of 1.06%.
Fourth Quarter and Full Year 2021 – When will it be released?
AUR reported on 26th January 2022 that the company will announce fourth-quarter and full-year results on 16th February 2022. The results will be discussed via conference call at 5:00 p.m. Eastern Time.
Product Milestones – What’s the update?
AUR announced on 19th January 2022 that Aurora being a self-driving business is developing a device that will save lives, improve transit accessibility, and provide much-needed respite and support to supply chains. Moreover, the Aurora Driver will be developed in conditions that are economically relevant. Furthermore, Aurora is establishing the industry’s first large-scale autonomous trucking and ride-hailing business by investing early in underlying technologies and key programs that accelerate growth.
Appointment of Claire Hughes Johnson by AUR – Worth it?
AUR announced the appointment of Claire Hughes Johnson on 18th January 2022. Johnson has over 15 years of experience scaling companies and delivering enterprise-ready products at major firms such as Stripe and Google. Moreover, Johnson is presently a business officer and advisor for Stripe, a global financial technology firm where she has worked for the past seven years. From 2014 until 2021, Johnson was the Chief Operating Officer at Stripe, where she helped the company grow from under 200 workers to over 6,000 and from tens of millions to billions in sales.
In addition, Claire understands how to grow enterprises and lead companies that are aiming to disrupt the existing quo. As AUR develops the operations, collaborates with partners and customers, and markets the Aurora Driver, her autonomous and forward-thinking approach will be vital.
Expansion of Finance Team – Latest News by AUR
AUR stated on 6th December 2021 that the company is expanding its finance team. Increasing its capacity to commercialize its self-driving technologies. Richard Tame has been appointed as the business’s Chief Financial Officer. Tame has far more than 2 decades of expertise in corporate accounting. He is also responsible for running financial institutions at high-growth firms such as Lyft, Facebook, Microsoft, and Amazon. Moreover, Richard’s vision and financial acumen have guided the company through many acquisitions and expansions. Richard’s appointment as CFO acknowledges the critical role he and his team have played and will continue to play as the company market the goods.
