Digital Roadside and Mobility Assistance

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Urgently Announces Second Quarter 2025 Financial Results
Globenewswire· 2025-08-12 20:05
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].
Urgently Announces Second Quarter 2025 Earnings Release Date and Conference Call
Globenewswire· 2025-08-07 20:36
Core Viewpoint - Urgently Inc. is set to release its second quarter 2025 financial results on August 12, 2025, and will host a conference call to discuss these results [1][2]. Group 1: Financial Results Announcement - The financial results for the second quarter ended June 30, 2025, will be announced prior to the conference call [2]. - The conference call is scheduled for August 12, 2025, at 5:00 p.m. Eastern Time [2]. Group 2: Participation Details - Participants can access the conference call via webcast through Urgently's Investor Relations website [3]. - Telephone participation is available by dialing 1-877-317-6789 for the USA or 1-412-317-6789 for international callers [3]. - A replay of the call will be available via webcast on Urgently's Investor Relations website [3]. Group 3: Company Overview - Urgently is a leading provider of digital roadside and mobility assistance technology and services, focusing on safe and disruption-free movement for drivers [4]. - The company utilizes a digitally native software platform that integrates location-based services, real-time data, AI, and machine-to-machine communication for roadside assistance solutions [4]. - Urgently aims to enhance user experiences and customer satisfaction through innovative and transparent connected mobility assistance services on a global scale [4].
Urgently Announces First Quarter 2025 Financial Results
Globenewswire· 2025-05-13 20:05
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].