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Urgent.ly (Nasdaq: ULY) provides investors and industry observers with comprehensive updates on its digital mobility assistance platform. This page aggregates official press releases and verified news about the company's technological advancements, strategic partnerships, and market developments.
Access real-time updates on ULY's AI-driven solutions for roadside assistance, including innovations in location-based services and telematics integrations. The curated news collection serves as a reliable resource for tracking the company's progress in transforming automotive support ecosystems.
Key updates include earnings reports, OEM collaborations, platform enhancements, and industry recognition. Content is organized chronologically showcase Urgent.ly's evolution while maintaining context about its core mission to modernize mobility assistance.
Bookmark this page for streamlined access to Urgent.ly's corporate communications. Check regularly for developments in connected vehicle technologies and partnerships that shape the future of emergency roadside services.
Urgent.ly, Inc. (Nasdaq: ULY), a leading provider of digital roadside and mobility assistance technology, has renewed its contract with a global automotive OEM. The renewal extends their partnership to eight years, covering warranty-based and post-warranty roadside assistance programs in the U.S., Canada, and Mexico.
Urgently will continue to provide assistance for operational, technical, and mechanical breakdowns, as well as accident-related towing services. The OEM partner will leverage Urgently's comprehensive technology stack, including full roadside assistance CRM and API-based integration into customer-facing products.
This renewal underscores Urgently's commitment to delivering exceptional service, innovative technology, and prioritizing safety, solidifying its position as a preferred roadside and mobility assistance partner.
Urgently (Nasdaq: ULY), a leading provider of digital roadside and mobility assistance technology, has launched next-generation yield-based pricing across its Service Provider Network. This AI-driven dynamic pricing technology optimizes job prices for roadside assistance services, similar to surge pricing used by ride-hail services. It utilizes machine learning, location aggregation, and micro-targeting to deliver actionable insights based on geographic location, population density, and other factors.
This new pricing model aims to help Urgently's customer partners optimize their roadside assistance programs by maximizing performance, balancing costs, and enhancing service quality. The use of Uber’s H3 Hexagonal Hierarchical Spatial Index allows for efficient optimization and visualization of spatial data, leading to faster job acceptance and improved performance metrics. The yield-based pricing technology is initially available for tire changes, battery jump starts, auto lockouts, fuel delivery, and towing services, with plans to expand further.
Urgently (Nasdaq: ULY), a leading provider of digital roadside and mobility assistance technology, announced its Q1 2024 financial results. Revenue stood at $40.1 million, reflecting a 19% year-over-year decrease. Gross profit saw a modest 1% increase to $9.4 million, with gross margin improving from 19% to 23%. GAAP operating loss reduced by 19% to $8.3 million, while non-GAAP operating loss declined by 6% to $5.1 million. The company significantly lowered its principal debt by $17.5 million, bringing it to $54.3 million. Approximately 231,000 dispatches were completed, with a consumer satisfaction score of 4.6 out of 5 stars. CEO Matt Booth emphasized the focus on margin expansion and operational efficiency for long-term growth.
Urgent.ly, Inc. (Nasdaq: ULY) announced the release date for its first quarter 2024 financial results and participation in upcoming investor conferences. The company will host a conference call on May 13, 2024, to discuss the financial results for the first quarter ended March 31, 2024. Additionally, Urgently's CEO and CFO will participate in investor conferences during the second quarter of 2024.
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