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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Gross Profit | -27M | 3.6% |
| Cost of Revenue | 27M | 3.6% |
| Operating expense | 196M | 1% |
| Net Income | -208M | 14.3% |
| EBITDA | -196M | 5.9% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.27B | 18.3% |
| Total Liabilities | 247M | 25.4% |
| Total Equity | 2.02B | 17.5% |
| Shares Outstanding | 1.71B | 9.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -143M | 18.8% |
| Cash from financing | 469M | 11625% |
EPS
Financial Highlights for Aurora Innovation in Q3 '24
Gross Profit stood at -27M, marking a 3.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 27M, a -3.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 196M, showing a -1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -208M, showing a -14.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -196M, showing a -5.9% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Aurora Innovation faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
