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.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Urgent.ly Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-031458

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.