Aurora Innovation reports Q4 EPS (13c), consensus (15c)

The company said, “During the fourth quarter of 2023, we continued to demonstrate strong fiscal discipline while executing toward our Aurora Driver Ready milestone and planned Commercial Launch. Fourth quarter 2023 operating expenses, including stock-based compensation (SBC), totaled $198 million. Excluding SBC of $37 million, operating expenses totaled $161 million, reflecting $138 million in R&D, primarily comprised of personnel costs as we continue to invest in our industry-leading autonomy technology, and $23 million in SG&A.”