secwatch.observer — SEC 8-K summary
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Issuer:     Urgent.ly Inc. (ULYX)
CIK:        0001603652
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0000950170-24-031458
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603652/000095017024031458/0000950170-24-031458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603652/000095017024031458/uly-20240314.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-031458

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer