Aurora Innovation's stock experienced a pre-market plunge of 5.23% on Thursday, extending losses from the previous session.
The decline follows the company's release of its first-quarter 2026 financial results, which showed a net loss of $223 million, or $0.11 per share. While revenue grew sequentially to $1 million, the operating loss widened to $244 million and the company used approximately $159 million in cash during the quarter.
Investors reacted negatively to the widening losses and significant cash burn, despite management reiterating its full-year revenue outlook. The stock had rallied significantly ahead of the earnings report, leading to profit-taking as the results confirmed ongoing financial challenges.
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