Urgently Q2 revenue falls 21% to $34.5M; operating loss widens to $8.3M

Urgent.ly Inc.

2024-Q2 EPS reported -$1.84 revenue$74,629,000

Revenue of $34.5M, down 21% YoY; gross profit $7.3M, down 21%.
GAAP operating loss of $8.3M vs $6.1M in prior year (+36%); non-GAAP operating loss $6.2M vs $4.1M.
Renewed all three customer partner contracts up for renewal, representing >1/3 of Q2 revenue; no terminations.
Debt reduced by $17.5M to $54.3M from $71.8M at Dec 31, 2023.
Approximately 205,000 dispatches in Q2; consumer satisfaction score 4.5/5.

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