Urgent.ly Earnings Call Transcripts
Fiscal Year 2026
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The meeting was held virtually, with directors and auditors elected as proposed. No stockholder questions were received, and final voting results will be filed in a Form 8-K.
Fiscal Year 2025
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Q3 2025 saw a return to non-GAAP operating profitability, with $32.9M in revenue and a 25% gross margin, despite a 9% year-over-year revenue decline. Operational efficiencies, new contracts, and a focus on renewals support a positive outlook, while NASDAQ compliance efforts continue.
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Q2 2025 saw revenue of $31.7M, improved gross margin to 25%, and a 97% reduction in non-GAAP operating loss. Renewals and new contracts in insurance and EV sectors are expected to drive growth, with breakeven targeted for Q3.
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A technology-driven roadside assistance provider has achieved significant margin improvement and high customer satisfaction through real-time analytics and a scalable network. With strong OEM partnerships and a robust financial position, it targets further growth in subscription and connected vehicle data markets, expecting new product launches soon.
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Revenue met guidance at $31.3M, with gross margin rising to 25.5% and non-GAAP operating loss improving 93% year-over-year. Operational efficiencies, contract renewals, and new credit facilities position the company for modest sequential growth and break-even by mid-2025.
Fiscal Year 2024
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Q4 and full-year revenue declined due to a major contract loss, but gross margin and operating efficiency improved significantly. Renewals, new customer wins, and technology innovation position the company for break-even in mid-2025.
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The company leverages advanced technology to deliver high-quality roadside assistance, achieving strong customer satisfaction and significant margin improvements. With a focus on B2B contracts, cost optimization, and new service offerings, it targets break-even in Q1 2025 and renewed growth next year.
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Q3 2024 revenue reached $36.2M, with improved non-GAAP operating loss and gross margin despite a 21% year-over-year revenue decline due to a customer non-renewal. New and renewed contracts are expected to offset lost revenue, and break-even is targeted for Q1 2025.
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Urgently leverages a technology-driven platform to deliver high-quality roadside assistance for OEMs and fleets, achieving strong revenue growth and high customer satisfaction. The company is expanding through new services, international opportunities, and margin improvements, with a focus on EVs and predictive analytics.
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Q2 2024 revenue was $34.5M, down 21% year-over-year, with gross margin steady at 21%. Major contract renewals, new business wins, and operational efficiencies offset a customer non-renewal. Non-GAAP operating breakeven is now targeted for Q1 2025.