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Stock impact report

Urgently Announces Fourth Quarter and Full-Year 2023 Financial Results [Yahoo! Finance]

Urgent.ly Inc. (ULY) 
Company Research Source: Yahoo! Finance
VIENNA, Va., March 14, 2024 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (Nasdaq: ULY ) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today reported financial results for the fourth quarter and full-year ended December 31, 2023. “Overall, I am pleased with our significant accomplishments in 2023, which included the acquisition of Otonomo, our public listing on Nasdaq, and financial results that were in line with our expectations. Our team made great progress in executing against our strategic initiatives to drive profits, operation efficiencies and disciplined expense management during the year, as evidenced by our 88% gross profit increase, our 10-point margin improvement, our 14% improvement in GAAP operating loss and our 57% improvement in non-GAAP operating loss. The significant actions we have taken to right size our organization and enhance our capital structure have built a strong foundation that positions us well to c Show less Read more
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