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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].
Urgently Notified By Nasdaq Of Non-Compliance With Nasdaq's Continued Listing Standards
GlobeNewswire News Room· 2025-03-24 21:00
VIENNA, Va., March 24, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that The Nasdaq Stock Market LLC (“Nasdaq”) notified Urgently (the “Notice”) that Urgently’s net income from continuing operations had fallen below the minimum requirement for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(3) (the “Minimum Net Income Requirement”). The No ...