Welcome to our dedicated page for Urgent.ly news (Ticker: ULY), a resource for investors and traders seeking the latest updates and insights on Urgent.ly stock.
Urgent.ly Inc. (Nasdaq: ULY), known as Urgently, regularly issues news and updates related to its role as a U.S.-based provider of digital roadside and mobility assistance technology and services. Company news often centers on its digitally native software platform, which combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for brands in automotive, insurance, telematics and other transportation-focused verticals.
Investors and observers following ULY news will see recurring earnings announcements and financial updates. Urgently reports quarterly results that include revenue, gross profit, gross margin, operating expenses, operating loss, and non-GAAP operating metrics. These releases frequently discuss trends in GAAP and non-GAAP operating performance, dispatch volumes and consumer satisfaction scores, providing insight into how the platform is performing operationally and financially over time.
Urgently’s news flow also includes corporate developments such as executive appointments and departures, changes in financial leadership, and board-related matters. For example, the company has reported promotions and separations involving its chief financial officer and has disclosed board resignations in connection with integration activities. These items are typically reported through press releases and corresponding Form 8-K filings.
Another important category of news involves capital markets and listing matters. Urgently has announced receiving notices from Nasdaq regarding non-compliance with continued listing standards under Nasdaq Listing Rule 5550(b), as well as its intention to submit compliance plans and request a hearing before a Nasdaq Hearings Panel. In addition, the company has disclosed an “at the market” offering program under a Sales Agreement, outlining potential equity issuance for working capital and general corporate purposes.
Product and partnership news is also part of Urgently’s coverage. The company has announced the launch of SPARK, an AI-powered market analyzer designed to support service performance in urban markets, and has publicized partnerships such as its agreement with Sony Honda Mobility of America to provide nationwide roadside assistance coverage for AFEELA drivers. These announcements highlight how Urgently applies its technology and network to new relationships and use cases.
For those tracking ULY, this news page aggregates these types of updates—earnings releases, SEC-related announcements, corporate governance changes, financing activities and technology or partnership milestones—so readers can review how Urgently communicates its progress and challenges over time.
Urgently (Nasdaq: ULY) has secured a multi-year contract with an unnamed on-demand towing and roadside assistance provider covering the U.S. and Canada. The partnership, launching in March 2025, will see Urgently providing light duty towing, technology, and related services through its connected assistance platform.
The collaboration leverages Urgently's comprehensive technology stack and trusted service provider network to deliver streamlined operations and enhanced roadside assistance experiences. The partnership is expected to increase Urgently's volume and revenue while enabling the partner to improve their customer service delivery.
CEO Matt Booth emphasized the alignment between both organizations in their commitment to superior customer service and innovative technology use in on-demand roadside assistance.
Urgent.ly Inc. (Nasdaq: ULY) has announced a 1-for-12 reverse stock split effective March 17, 2025, to regain compliance with Nasdaq's minimum $1.00 bid price requirement. The company's stock will begin trading on a split-adjusted basis on March 18, 2025, under the same ticker 'ULY'.
The reverse split was approved by stockholders on March 12, 2025. Key changes include:
- Total authorized shares reduced from 1 billion to 500 million
- Preferred stock remains at 100 million shares
- Common stock par value unchanged at $0.001 per share
- Fractional shares will be paid in cash based on pre-split closing price
Proportional adjustments will be made to outstanding warrants, stock options, restricted stock units, and equity incentive plans. Equiniti Trust Company will serve as the exchange agent, with registered stockholders not required to take action for book-entry shares.
Urgently (Nasdaq: ULY) reported its Q4 and full-year 2024 financial results, showing mixed performance with revenue declines but improved operational efficiency. Full-year 2024 revenue decreased 23% to $142.9 million, while gross margin improved by 160 basis points to 22%. The company reduced its GAAP operating loss by 41% to $27.2 million.
Key Q4 2024 metrics include revenue of $32.0 million (down 29% YoY), gross profit of $7.1 million, and a consumer satisfaction score of 4.5/5 stars. The company completed approximately 201,000 dispatches in Q4 and 857,000 for the full year.
Notable developments include securing a new $20 million credit facility with MidCap Financial in February 2025, used to repay existing debt. The company also announced plans for a reverse stock split (ratios between 1-for-4 to 1-for-12) to regain Nasdaq compliance, scheduled for March 17, 2025.
Urgently (Nasdaq: ULY), a leading U.S.-based digital roadside and mobility assistance technology provider, has scheduled its Q4 and full-year 2024 earnings conference call for March 12, 2025, at 5:00 p.m. Eastern Time. The company will release its financial results via press release before the call.
Investors can participate through two channels: via webcast through Urgently's Investor Relations website at investors.geturgently.com, or by telephone at 1-844-481-2521 (USA) or 1-412-317-0549 (International). A replay will be available through the company's IR website.
Urgently (Nasdaq: ULY) has secured significant capital structure improvements and new financing to support its business growth. The company has entered into a new credit agreement for up to $20 million with MidCap Financial, which will be used to repay existing first lien lenders and advance its digital roadside assistance services.
Additionally, funds managed by Highbridge Capital Management, Onex Credit, and Whitebox Advisors have agreed to forego certain fees under second lien agreements in exchange for 1,358,073 shares of Urgently's common stock. The second lien term loans have been extended until July 31, 2026. Chardan acted as exclusive financial advisor for the transaction.
Urgently (Nasdaq: ULY), a leading U.S. digital roadside and mobility assistance technology provider, has secured short-term extensions for its term loans. The company has negotiated with its first lien lenders to extend the maturity date until February 28, 2025, while the second lien term loans have been extended until March 31, 2025.
According to CFO Tim Huffmyer, the company is actively working with lenders to refinance existing debt facilities and improve its capital structure. These extensions are part of Urgently's ongoing efforts to enhance its financial position.
Urgently (Nasdaq: ULY), a leading U.S. digital roadside and mobility assistance technology provider, has secured short-term extensions for its term loan agreements. The company has negotiated with its first lien lenders to extend the maturity date to February 15, 2025, while the second lien term loans have been extended to March 17, 2025.
According to CFO Tim Huffmyer, these extensions align with the company's objectives of debt reduction and capital structure improvement, as Urgently continues discussions with lenders to refinance existing debt facilities.
Urgently (Nasdaq: ULY) has appointed Alex Zyngier to its Board of Directors, effective January 23, 2025. Zyngier, the Founder and Managing Director of Batuta Capital Advisors, brings over 30 years of investment, strategy, governance, and operating experience to the company.
Currently serving as Chairman of the Board for COFINA and EVO Transportation, Zyngier also holds director positions at various companies including Atari SA, Nu Ride, SlamCorp, and Unifin Financiera. His experience spans roles at prominent firms including Alden Global/Smith Management, Goldman Sachs, Deutsche Bank, McKinsey & Co., and Procter & Gamble.
The appointment comes as Urgently continues to show progress in margin expansion through financial and operational improvements, along with significant contract renewals, expansions, and new customer wins in the digital roadside assistance sector.
Urgently (Nasdaq: ULY), a digital roadside and mobility assistance technology provider, has secured short-term extensions for its term loan agreements. The company reached an agreement with first lien lenders for a $3 million partial prepayment and extended the maturity date to February 1, 2025. The second lien term loans have been extended to March 3, 2025. CFO Tim Huffmyer stated that these extensions align with the company's debt reduction and capital structure improvement goals, while discussions continue for longer-term extensions and potential refinancing options.
Urgently (Nasdaq:ULY), a leading U.S. digital roadside and mobility assistance technology provider, has announced its participation in the upcoming Virtual Investor Summit Microcap Forum on November 21, 2024. The company's management will deliver a presentation from 3:00 PM to 3:30 PM ET and will be available for one-on-one meetings throughout the day.
The event will showcase 40 micro-cap companies with catalysts and strong market performance, featuring live Q&A sessions. The presentation will be accessible via webcast, and qualified investors can register for complimentary attendance.