AURR

Aurrigo International PLC

Technology First-pass screen £63m

460/1000 Overall fit

AI beneficiary 35% 50

Operating leverage 25% 55

Valuation 25% 30

Downside protection 15% 50

First-pass take

Autonomous aviation company with 433% Autonomous division growth and margin expansion (22% → 41% gross profit), but still loss-making (£2.5m net) with only 10 vehicles deployed globally and 6 airport customers. Net cash (£3.1m plus £5.3m Jan raise) and steady Automotive base provide cushion; unproven market and tender-dependent sales create execution risk.

Flags

loss-makingnet-cashcustomer-concentrationearly-stageunproven-markettender-dependent