Core Viewpoint - Urgently Inc. reported financial results for Q1 2025, achieving revenue in line with expectations and a record gross margin of 26% [2][7]. Financial Performance - Revenue for Q1 2025 was $31.3 million, a decrease of 22% year over year [7]. - Gross profit was $8.0 million, down 15% from the previous year [7]. - The gross margin improved to 26%, compared to 23% in the prior year [7]. - GAAP operating expenses were $10.4 million, an improvement of 41% from $17.7 million in the prior year [7]. - Non-GAAP operating expenses were $8.4 million, a 42% improvement from $14.5 million in the prior year [7]. - GAAP operating loss was $2.4 million, an improvement of 71% from $8.3 million in the prior year [7]. - Non-GAAP operating loss was $0.4 million, a 93% improvement from $5.1 million in the prior year [7]. - Approximately 189,000 dispatches were completed, with a consumer satisfaction score of 4.6 out of 5 stars [7]. Future Outlook - The company expects to deliver positive sequential revenue growth in Q3 2025 and aims to sustain non-GAAP operating break-even while moving closer to positive cash flow [2].
Urgently Announces First Quarter 2025 Financial Results