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Urgent.ly Inc (ULY)
NASDAQ:ULY
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-2.64Last Year’s EPS
-11.64Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -20.92%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected significant progress in financial metrics, successful renewals, and technological advancements, though offset by notable revenue declines and contract non-renewals. The highlights and lowlights are balanced, reflecting both achievements and challenges.Company Guidance
In the recent conference call, Urgent.ly provided detailed guidance for fiscal year 2024, highlighting several key metrics. The company reported a fourth-quarter revenue of $32 million, marking their fifth consecutive quarter of meeting revenue guidance. Notable improvements were seen in non-GAAP metrics, including a 57% increase in gross profit from $20.1 million in 2022 to $31.6 million in 2024, a 29% reduction in non-GAAP operating expenses from $68.8 million in 2022 to $48.8 million in 2024, and a 65% improvement in non-GAAP operating loss from $48.6 million in 2022 to $17.2 million in 2024. The company aims for non-GAAP operating breakeven by mid-2025, driven by strategic contract renewals and expansions. Key renewals include a two-year contract with a global automotive OEM and a three-year contract with a global fleet management company. Additionally, Urgent.ly achieved a customer service score of 4.5 out of 5 stars in 2024, highlighting their commitment to outstanding customer service. They also secured a $20 million credit facility to improve capital structure and support business transformation. Looking ahead to 2025, the company targets revenue between $30 million and $33 million for Q1 and continues to focus on expanding B2B incident business, achieving operational efficiencies, and driving product innovations.Consecutive Revenue Guidance Commitment
Urgent.ly delivered revenue of $32 million in the fourth quarter, marking the fifth consecutive quarter where the company met its revenue guidance commitment.
Significant Improvement in Financial Metrics
The company achieved a 57% improvement in gross profit from $20.1 million in 2022 to $31.6 million in 2024 and a 65% improvement in non-GAAP operating loss from $48.6 million in 2022 to $17.2 million in 2024.
Successful Contract Renewals and Expansions
Renewed nearly half of run-rate revenue in 2024, including notable renewals with a global automotive OEM, a global automotive fleet management company, and a large vehicle rental company.
Launch of New Customer Partnerships
Entered into new customer partner agreements, including a significant expansion into a new market with a direct-to-consumer subscription and insurance aggregator.
Technological Innovations and Recognitions
Developed AI-driven dynamic pricing technology and received the Auto Tech Breakthrough Award for Overall Transportation Tech of the Year.
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ULY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ULY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $6.12 | $3.65 | -40.36% |
| Nov 12, 2024 | $7.66 | $7.44 | -2.87% |
| Aug 12, 2024 | $12.48 | $12.12 | -2.88% |
| May 13, 2024 | $25.80 | $24.84 | -3.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Urgent.ly Inc (ULY) report earnings?
Urgent.ly Inc (ULY) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Urgent.ly Inc (ULY) earnings time?
Urgent.ly Inc (ULY) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ULY EPS forecast?
ULY EPS forecast for the fiscal quarter 2025 (Q1) is -2.64.
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