Urgent.ly Q4 revenue falls 29% to $32M; operating loss narrows 81% to $4.6M

Urgent.ly Inc.

Q4 revenue $32.0M (-29% YoY); gross profit $7.1M (-30%); gross margin 22% vs 23%.
FY 2024 revenue $142.9M (-23%); GAAP operating loss improved 41% to $27.2M; non-GAAP loss improved 18% to $17.2M.
Debt reduced $17.5M to $54.3M year-end; new $20M ABL credit facility with MidCap Financial closed Feb 2025.
Stockholders approved a 1-for-4 to 1-for-12 reverse stock split; expected effective March 17, 2025, to regain Nasdaq compliance.
Approx. 857,000 dispatches in 2024; consumer satisfaction score 4.5/5.

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