Urgent.ly Q1 revenue $40.1M (-19% YoY); gross margin expands to 23% from 19%

Urgent.ly Inc.

2024-Q1 EPS reported -$0.97 revenue$40,092,000

Revenue of $40.1M, down 19% YoY; gross profit up 1% to $9.4M, margin 23% (vs 19%).
GAAP operating loss improved to $8.3M from $10.3M; non-GAAP operating loss $5.1M vs $5.4M.
Debt reduced by $17.5M to $54.3M from Dec 31, 2023; ~231,000 dispatches completed.
Consumer satisfaction score of 4.6 out of 5 stars reported.
Company sees 2024 as opportunity for profitable growth through operating model optimization.

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 the first quarter ended March 31, 2024 results: revenue $40.1 million.

Period: the first quarter ended March 31, 2024
Revenue: $40.1 million
Result: reported results

Exact text from the filing

executing our strategic priorities positions the company for long-term shareholder value creation,” said Matt Booth, CEO of Urgently. First Quarter 2024 Highlights: • Revenue of $40.1 million, a decrease of 19% year over year. • Gross profit of $9.4 million, an increase of 1% year over year. • Gross margin of 23% compared to 19% in the prior year period. • GAAP

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Source: SEC EDGAR

accession 0000950170-24-058627

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