---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-058627"
form_type: "8-K"
ticker: "ULYX"
cik: "0001603652"
company_name: "Urgent.ly Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:20:49.547645+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-058627
- form_type: 8-K
- ticker: ULYX
- cik: 0001603652
- company_name: Urgent.ly Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603652/000095017024058627/0000950170-24-058627-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603652/000095017024058627/uly-20240513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-058627
- JSON: https://secwatch.observer/filing/0000950170-24-058627.json
- Plain text: https://secwatch.observer/filing/0000950170-24-058627.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603652/000095017024058627/0000950170-24-058627-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.