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.
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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