Second Quarter 2024 Earnings Those wishing to participate via webcast should access the call through Urgently's Investor Relations website at https://investors.geturgently.com. Those wishing to participate via telephone may dial in at 1-888-243-4451 (USA) or 1-412-317-6789 (International). The replay will be available via webcast through Urgently's Investor Relations website. The telephone replay will be available from 8:00 p.m. Eastern Time on August 12, 2024, through August 26, 2024, by dialing 1-877-344- ...

Core Viewpoint - Urgently, a leading provider of digital roadside and mobility assistance technology, is set to release its second quarter 2024 financial results and participate in the Sidoti Micro-Cap Virtual Investor Conference, highlighting its focus on enhancing user experiences through innovative technology solutions [4][8]. Company Overview - Urgently specializes in providing connected roadside assistance services, utilizing a digitally native software platform that integrates location-based services, real-time data, AI, and machine-to-machine communication [3]. - The company aims to deliver exceptional user experiences that foster high customer satisfaction and loyalty across various transportation-focused sectors, including automotive and insurance [3]. Financial Results Announcement - The financial results for the second quarter ended June 30, 2024, will be discussed in a conference call scheduled for August 12, 2024, at 5:00 p.m. Eastern Time [7]. - A press release detailing the financial results will be issued prior to the call [7]. Investor Conference Participation - Urgently will participate in the Sidoti Micro-Cap Virtual Investor Conference on August 14-15, 2024, with a presentation scheduled for August 15 at 10:00 a.m. Eastern Time [8]. - The conference will include one-on-one meetings with investors, providing an opportunity for direct engagement with company management [8].

The renewal underscores Urgently's commitment to fostering long-term customer partnerships, grounded by exceptional service, innovative technology, and a prioritization of safety, leading to significant customer value. VIENNA, Va., July 15, 2024 (GLOBE NEWSWIRE) -- Urgent.ly, Inc. (NASDAQ:ULY) ("Urgently"), a U.S.- based leading provider of digital roadside and mobility assistance technology and services, today announced the renewal of its six-year customer partner relationship with a global automotive OEM, ...

Insights and predictive pricing empower Urgently's customer partners to build roadside assistance programs that best fit their business goals, such as: Maximizing performance while maintaining a stable cost structure Balancing performance and cost by market Increasing performance by market or job attribute, such as a premium/VIP program A combination of machine learning, location aggregation and micro-targeting by make, model and custom markets, delivers actionable insights into network pricing based on geo ...

Customer Partners and Service Providers - As of March 31, 2024, the company has 57 Customer Partners and over 71,000 participating Service Provider vehicle drivers in its network[96]. Dispatches and Revenue - For the three months ended March 31, 2024, the company completed approximately 231,000 dispatches, a decrease from 319,000 dispatches in the same period of 2023[112]. - Total revenue decreased by $9.5 million, or 19%, to $40.1 million for the three months ended March 31, 2024, compared to $49.6 million for the same period in 2023[132]. - The company experienced a significant revenue impact from one Customer Partner that accounted for approximately 25% of its revenue in 2023, which did not renew its agreement[101]. Operating Loss and Expenses - The company's non-GAAP operating loss for the three months ended March 31, 2024, was $5.1 million, compared to a non-GAAP operating loss of $5.4 million in the same period of 2023[118]. - The company expects operating expenses to decrease in the short term due to a realignment strategy but anticipates an increase in the long term as it continues targeted investments in growth[104]. - Operations and support expenses decreased by $2.9 million, or 40%, to $4.3 million for the three months ended March 31, 2024, due to optimization initiatives[140]. - General and administrative expenses decreased by $1.5 million, or 20%, to $6.0 million for the three months ended March 31, 2024, mainly due to reduced transaction-related expenses[142]. - Research and development expenses increased by $0.5 million, or 13%, to $4.2 million for the three months ended March 31, 2024, driven by Otonomo-related expenses[136]. - Sales and marketing expenses rose by $0.9 million, or 88%, to $2.0 million for the three months ended March 31, 2024, primarily due to Otonomo-related expenses[138]. Cash Flow and Debt - As of March 31, 2024, the company had $34.2 million in cash, cash equivalents, and restricted cash, with a principal debt balance of $54.3 million[147]. - In Q1 2024, the company reported a net cash used in operating activities of $9.7 million, primarily due to a net loss of $13.0 million[154]. - Net cash used in financing activities for Q1 2024 was $18.1 million, mainly due to $17.5 million in payments on the Structural term loan[157]. - As of March 31, 2024, the company's total debt amounted to $54.3 million, with 18% of this debt accruing interest at a variable rate[166]. - The company anticipates seeking additional capital through equity securities or debt financing arrangements if current liquidity is insufficient[151]. Workforce and Employment Changes - The company eliminated 63 employees in Q1 and Q2 2024, representing a total reduction of approximately 19% of its workforce as of March 31, 2024[152]. - The company plans to continue actions to align operating expenses with revenue, indicating potential further workforce reductions[152]. Customer Satisfaction and Service Requests - The company has historically averaged a consumer satisfaction score of 4.5 out of 5 stars, with a score of 4.6 for the three months ended March 31, 2024[110]. - The company has observed increased roadside assistance service requests during economic downturns, as consumers may delay vehicle maintenance[107]. Technology and Integration - The company capitalized $1.6 million in costs associated with internal development of its technology platform in Q1 2024 and expects to invest an additional $2.5 million to $4.5 million during the remainder of 2024[105]. - The company anticipates that the integration of Otonomo's Mobility Platform will enhance customer service experience by improving data capabilities and features[97]. Other Financial Metrics - Gross profit for the three months ended March 31, 2024, was $9.4 million, a slight increase of 1% compared to $9.3 million for the same period in 2023[135]. - Depreciation and amortization expense increased to $1.1 million for the three months ended March 31, 2024, from less than $0.1 million in the same period in 2023[144]. - Other expense, net decreased by $2.8 million, or 38%, to $4.6 million for the three months ended March 31, 2024, primarily due to a decrease in interest expense[145]. Currency Exposure - The company has not engaged in hedging foreign currency transactions to date, which may expose it to exchange rate fluctuations[169]. - A hypothetical 10% change in the relative value of the U.S. dollar to other currencies would not have had a material effect on the company's financial statements[170].

Urgent.ly Inc. (NASDAQ:ULY) Q1 2024 Earnings Conference Call May 13, 2024 5:00 PM ET Company Participants Jenny Mitchell - VP, Finance Strategy and IR Matt Booth - President and CEO Tim Huffmyer - CFO Conference Call Participants Chris Pierce - Needham Brian Dobson - Chardan Capital Markets Operator Good afternoon and welcome to Urgent.ly's First Quarter 2024 Conference Call. As a reminder, today's call is being recorded and your participation implies consent to such recording. At this time, all participant ...

EXHIBIT 99.1 URGENTLY ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS First Quarter Performance Reflects Continued Margin Expansion Press: media@geturgently.com Investor Relations: investorrelations@geturgently.com VIENNA, VA – May 13, 2024 – Urgent.ly Inc. (Nasdaq: ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today reported financial results for the first quarter ended March 31, 2024. "Our first quarter financial performance was in lin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-41841 URGENT.LY INC. The number of shares of registrant's common stock outstanding as of March 25, 2024 was 13,414,185. DOCUMENTS INC ...

EXHIBIT 99.1 URGENTLY ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS Company Continues to Make Progress on Strategic Initiatives to Enhance Profitability and Drive Margin Expansion VIENNA, VA – March 14, 2024 – Urgent.ly Inc. (Nasdaq: ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today reported financial results for the fourth quarter and full-year ended December 31, 2023. "Overall, I am pleased with our significant accom ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months ( ...