Urgent.ly Q4 revenue falls 13% YoY; full-year gross profit up 88%, debt cut sharply

Urgent.ly Inc.

Q4 revenue $45.1M (-13% YoY); gross profit $10.2M (+21%); gross margin 23% vs 16%.
Full-year 2023 revenue $184.7M (-2%); gross profit $37.9M (+88%); gross margin 21% vs 11%.
Q4 GAAP operating loss $23.8M (vs $8.4M loss); full-year GAAP operating loss $46.1M, improved 14%.
Non-GAAP operating loss for 2023 improved 57% to $21.0M; Q4 non-GAAP loss $7.9M.
Net principal debt reduced from $142.2M to $71.8M in Q4; in Jan 2024 repaid another $17.5M, now at $54.3M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Urgent.ly Inc. reported financial results for fourth quarter and full-year ended December 31, 2023.

Period: fourth quarter and full-year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 14, 2024, Urgent.ly Inc. issued a press release announcing its financial results for the three and twelve months ended December 31, 2023.

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Urgent.ly Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-031458

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