Core Viewpoint - Urgent.ly Inc. reported its second quarter financial results for 2025, showing sequential revenue growth and improved operating losses, indicating progress towards positive cash flow and operational efficiency [2][7]. Financial Performance - Revenue for Q2 2025 was $31.7 million, an 8% decrease year over year, while year-to-date revenue was $63.0 million, a 16% decrease year over year [7][17]. - Gross profit for Q2 2025 was $7.9 million, an 8% increase year over year, with a gross margin of 25%, up from 21% in the prior year [7][17]. - GAAP operating loss for Q2 2025 was $2.2 million, a 74% improvement compared to $8.3 million in the prior year [7][17]. - Non-GAAP operating loss for Q2 2025 was $0.2 million, a 97% improvement compared to $6.2 million in the prior year [7][17]. Operational Highlights - Approximately 191,000 dispatches were completed in Q2 2025, with a consumer satisfaction score of 4.7 out of 5 stars [7]. - The company launched SPARK, an AI-powered market analyzer aimed at enhancing service performance in urban markets [7]. Expense Management - GAAP operating expenses for Q2 2025 were $10.1 million, a 36% improvement from $15.7 million in the prior year [7][17]. - Non-GAAP operating expenses for Q2 2025 were $8.1 million, a 40% improvement from $13.5 million in the prior year [7][17]. Balance Sheet Overview - As of June 30, 2025, total assets were $40.2 million, down from $54.1 million at the end of 2024 [15][16]. - Current liabilities totaled $29.3 million, a decrease from $37.6 million at the end of 2024 [15][16].