secwatch.observer — SEC 8-K summary
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Issuer:     Urgent.ly Inc. (ULYX)
CIK:        0001603652
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0000950170-25-037926
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603652/000095017025037926/0000950170-25-037926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603652/000095017025037926/uly-20250312.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-037926

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