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. operated as a digital roadside and mobility assistance technology company, providing software-enabled services for automotive, insurance, telematics and other transportation-focused partners. Its platform used location-based services, real-time data, AI and machine-to-machine communication to support connected roadside assistance and dispatch workflows.
Recurring developments for ULY included quarterly financial results, customer and mobility partnerships, technology-enabled roadside assistance programs, capital-structure and listing updates, and transaction-related announcements. The company’s public-company history also includes its completed acquisition by Agero and related delisting developments.
Urgently (NASDAQ: ULY), a digital roadside assistance technology provider, reported its Q1 2025 financial results. The company achieved revenue of $31.3 million, down 22% year-over-year, but delivered a record gross margin of 26%. Key highlights include:
- Gross profit of $8.0 million (down 15% YoY)
- GAAP operating loss improved 71% to $2.4 million
- Non-GAAP operating loss improved 93% to $0.4 million
- Completed approximately 189,000 dispatches
- Maintained 4.6/5 consumer satisfaction score
CEO Matt Booth expressed confidence in the company's performance, noting it was their best quarter as a public company. Management expects positive sequential revenue growth in Q3, sustained non-GAAP operating break-even, and progress toward positive cash flow.
Urgently (Nasdaq: ULY), a leading U.S. digital roadside and mobility assistance technology provider, has scheduled its first quarter 2025 earnings conference call for Tuesday, May 13, 2025, at 5:00 p.m. Eastern Time. The financial results will be released via press release before the call.
The company has also announced participation in two upcoming investor events:
- Sidoti Micro-Cap Virtual Investor Conference on May 21, where CEO Matt Booth and CFO Tim Huffmyer will present at 10:45 a.m. ET
- Jefferies Automotive Aftermarket Conference in New York on May 22, featuring Matt Booth and SVP of Partnerships Harrison Russell
Investors can join the earnings call through Urgently's Investor Relations website or by phone. Conference presentations will be available via webcast on the company's IR website.
Urgently Inc. (Nasdaq: ULY), a leading U.S. digital roadside and mobility assistance technology provider, has received a notification from Nasdaq regarding non-compliance with continued listing standards. The company's net income from continuing operations has fallen below the minimum requirement for the Nasdaq Capital Market.
The company fails to meet alternative requirements including market value of listed securities and stockholders' equity. Urgently has until May 5, 2025 (45 calendar days) to submit a compliance plan to Nasdaq. If accepted, Nasdaq may grant up to 180 calendar days extension from the notice date.
While Urgently intends to submit the compliance plan within the required timeframe, there is no guarantee of Nasdaq's acceptance or the company's ability to regain and maintain compliance with listing standards.
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.