secwatch.observer — SEC 8-K summary
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Issuer:     Urgent.ly Inc. (ULYX)
CIK:        0001603652
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0000950170-24-095399
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603652/000095017024095399/0000950170-24-095399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603652/000095017024095399/uly-20240812.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-095399

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