Urgent.ly Inc. - ULY STOCK NEWS

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.

Urgent.ly Inc. (ULY) reports financial results for Q4 and full-year 2023, highlighting achievements like the acquisition of Otonomo, Nasdaq listing, and positive financial performance. The company saw an 88% increase in gross profit, 10-point margin improvement, and reduced operating losses. However, Q4 revenue decreased by 13% year over year, with a notable increase in GAAP operating loss. Urgent.ly continues to focus on enhancing profitability and capital structure.

Urgent.ly, Inc. (ULY) will host a conference call to discuss financial results for Q4 and full-year 2023. Participants can join via webcast or telephone, with replays available. The call is scheduled for March 14, 2024, at 5:00 p.m. Eastern Time.

Urgent.ly, Inc. (ULY) announces participation in upcoming investor conferences to showcase digital roadside and mobility assistance technology.

Urgent.ly, Inc. (Nasdaq: ULY) has secured a multi-year engagement with a global top 5, US-based automotive OEM to deploy its connected assistance platform across the OEM’s luxury brand vehicle lines, starting in 2024. The platform will provide exceptional roadside assistance and repair services for more motorists throughout North America, with a focus on supporting a growing electric vehicle (EV) footprint. Urgent.ly was selected for its proprietary mobility assistance technology, EV expertise, real-time data processing, and its ability to support the luxury brand’s white-glove customer experience. The company's capabilities include real-time tracking, integrated dealer technology, live job management, and broad mobility assistance capabilities.

Urgent.ly, Inc. (Nasdaq: ULY) announced CEO Matt Booth and CFO Tim Huffmyer's participation in upcoming investor conferences. They will present at the Sidoti December Virtual Small Cap Conference on December 7, 2023, and at the Needham Growth Conference on January 17, 2024. Live webcasts and archived replays of the presentations will be available on the Urgently Investor Relations website.