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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.
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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