Financial Performance - Revenue for Q1 2025 was $31.3 million, a decrease of 22% year over year[6] - Gross profit was $8.0 million, down 15% year over year, with a gross margin of 26%, up from 23% in the prior year[6] - GAAP operating loss improved by 71% to $2.4 million compared to $8.3 million in the prior year[6] - Non-GAAP operating loss improved by 93% to $0.4 million, ahead of guidance for a loss of $1.0 million[6] Operational Metrics - Approximately 189,000 dispatches were completed during the quarter[6] - Consumer satisfaction score was 4.6 out of 5 stars[6] Future Outlook - The company expects positive sequential revenue growth in Q3 2025 and aims to sustain non-GAAP operating break-even[2] Cash and Assets - Cash and cash equivalents decreased to $6.4 million from $14.2 million at the end of 2024[14] - Total assets decreased to $46.4 million from $54.1 million at the end of 2024[14] - Stockholders' deficit increased to $36.1 million from $31.7 million at the end of 2024[14]
Urgent.ly (ULY) - 2025 Q1 - Quarterly Results