Urgent.ly Inc ( (ULY) ) has released its Q1 earnings. Here is a breakdown of the information Urgent.ly Inc presented to its investors.
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Urgent.ly Inc., a leader in digital roadside and mobility assistance technology, provides innovative solutions across various transportation sectors, leveraging AI and real-time data to enhance user experiences globally. In its first quarter of 2025, Urgent.ly reported revenue of $31.3 million, aligning with expectations despite a 22% year-over-year decline. The company achieved a record gross margin of 26% and significantly improved its GAAP and non-GAAP operating losses by 71% and 93%, respectively. Key financial highlights include a gross profit of $8.0 million, a consumer satisfaction score of 4.6 out of 5 stars, and approximately 189,000 dispatches completed. Operating expenses saw a notable reduction, with GAAP operating expenses improving by 41% and non-GAAP operating expenses by 42% compared to the previous year. Looking forward, Urgent.ly’s management anticipates positive sequential revenue growth in the third quarter, maintaining non-GAAP operating break-even, and moving towards positive cash flow, reflecting a cautiously optimistic outlook for the remainder of the year.