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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.