Apple and Microsoft may be part of a plan to boost Aurora
Aurora Innovation is an American technology company that deals with self-driving vehicles. The company is relatively young, but it has made a number of advances, made a few acquisitions, and definitely has potential for the future. However, the company is currently weighed down by problems that have pushed the stock down to the $2.4 per share mark. However, the company's CEO gave us his plan for how it will weather the current tough market and the next steps that will propel the company back to the top.
Aurora Driver and its self-driving system designed to operate multiple types of vehicles.
What is the company's business?
Aurora Innovation $AUR is an American technology company focused on autonomous driving with offices in Pittsburgh, Pennsylvania and Mountain View, California. Aurora is known for developing Aurora Driver, a computer system that can be integrated into cars for autonomous driving.
Now you may be thinking - Why should I care about some young and unprofitable player in the…
Regarding the company, it doesn't make sense for me to dissect the numbers at the moment, as it is still not profitable. According to the figures, the current period should see the company survive financially as it has the funds to run until 2024. I take these steps as crucial for moving forward after 2024, which can get the company up and running again. For now, $AUR stock is -79% YTD, but even so, I wouldn't rush to invest for now. However, this company is definitely worth a look and looks attractive based on technology and partnerships (unfortunately that's not all, numbers are needed too). The low price may tempt you, but it would be more of a speculative investment that relies on an acquisition from a giant or future balance sheet improvement.