VIENNA, Va., March 13, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (NASDAQ:ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that it will effect a reverse stock split of its common stock (including special voting common stock) at a reverse stock split ratio of 1-for-12, effective as of the close of trading on March 17, 2025 (the "Effective Time"), in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq's Marketplace Rule 5550(a)(2). Urgently's common stock is expected to begin trading on a reverse-split-adjusted basis on Nasdaq as of the open of trading on March 18, 2025 u

VIENNA, Va., March 12, 2025 (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, 2024. "I am pleased with our significant accomplishments in 2024, as we continued to make strong progress in executing against our strategic initiatives to achieve profitability, operational efficiencies and disciplined expense management. For the year, we delivered revenue in line with our expectations, gross profit margin improvement of 160 basis points, a GAAP operating loss improvement of 41%, and no

VIENNA, Va., March 05, 2025 (GLOBE NEWSWIRE) -- Urgent.ly, Inc. (NASDAQ:ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced that it will host a conference call on Wednesday, March 12, 2025, at 5:00 p.m. Eastern Time to discuss its financial results for the fourth quarter and full-year ended December 31, 2024. Financial results will be issued in a press release prior to the call. Those wishing to participate via webcast should access the call through Urgently's Investor Relations website at https://investors.geturgently.com. Those wishing to participate via telephone may dial in at 1-844-481-2521 (USA) or 1-4

VIENNA, Va., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (NASDAQ:ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that it has reached an agreement with its lenders resulting in significant capital structure improvements. Urgently has entered into a new credit agreement for an asset-based revolving credit facility for up to $20 million with MidCap Financial, which will be used to repay existing indebtedness to its first lien lenders and to help the Company advance its mission to transform the legacy roadside assistance market and to develop and define the new market for connected mobility assistance se

VIENNA, Va., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (NASDAQ:ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that it has reached an agreement with its lenders on a short-term extension to its term loan agreements while it continues to work on overall capital structure improvements. Urgently has agreed with its first lien lenders, among other things, to a short-term extension of the maturity date of such term loans until February 28, 2025. Urgently has agreed with its second lien lenders, among other things, to a short-term extension of its second lien term loans until March 31, 2025. "We appre

VIENNA, Va., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (NASDAQ:ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that it has reached an agreement with its lenders on a short-term extension to its term loan agreements while it continues to work on overall capital structure improvements. Urgently has agreed with its first lien lenders, among other things, to a short-term extension of the maturity date of such term loans until February 15, 2025. Urgently has agreed with its second lien lenders, among other things, to a short-term extension of its second lien term loans until March 17, 2025. "We a

VIENNA, Va, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (NASDAQ:ULY) ("Urgently" or "the Company"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today its board of directors has appointed Alex Zyngier to serve as a member of the board, effective January 23, 2025. "Alex is a seasoned leader with a proven track record of navigating complex business challenges and driving growth," said Matt Booth, Chief Executive Officer and President of Urgently. "With over 30 years of investment, strategy, governance and operating experience across a range of industries, Alex brings a wealth of expertise to Urgently as the Company continu

VIENNA, Va., Dec. 31, 2024 (GLOBE NEWSWIRE) -- Urgent.ly Inc. (NASDAQ:ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, announced today that it has reached an agreement with its lenders on a short-term extension to its term loan agreements while it continues to work toward longer-term extensions. Urgently has agreed with its first lien lenders, among other things, to permit the partial prepayment of its first lien term loans in an aggregate principal amount equal to $3 million, together with certain fees applicable thereto, and to a short-term extension of the maturity date of such term loans until February 1, 2025. Urgent

VIENNA, VA / ACCESSWIRE / November 13, 2024 / Urgent.ly, Inc. (NASDAQ:ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced that management will present virtually in the Investor Summit Microcap Forum on Thursday, November 21, 2024. The company will be available for 1-on-1 meetings throughout the day in addition to their presentation.Event: Q4 Investor SummitPresentation Time: 3:00pm - 3:30pm ETLocation: https://www.webcaster4.com/Webcast/Page/3075/51648The theme is 40 micro-cap companies with a catalyst and/or strong performance in the current market.Take a deep dive with the best Investors in MicroCapLive Q & A

VIENNA, Va., Nov. 12, 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 third quarter ended September 30, 2024. "We are pleased with our third quarter results, which were in line with our revenue expectations. We continued our positive momentum to deliver customer partner contract renewals, and we took significant steps forward to optimize our business and margins through operational improvements and efficiencies. Notably, we made the decision to divest The Floow during the third quarter, which is part of our strategic effort to dives

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Needham initiated coverage of Urgently with a rating of Buy and set a new price target of $7.00

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VIENNA, Va., March 12, 2025 (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, 2024. "I am pleased with our significant accomplishments in 2024, as we continued to make strong progress in executing against our strategic initiatives to achieve profitability, operational efficiencies and disciplined expense management. For the year, we delivered revenue in line with our expectations, gross profit margin improvement of 160 basis points, a GAAP operating loss improvement of 41%, and no

VIENNA, Va., March 05, 2025 (GLOBE NEWSWIRE) -- Urgent.ly, Inc. (NASDAQ:ULY) ("Urgently"), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced that it will host a conference call on Wednesday, March 12, 2025, at 5:00 p.m. Eastern Time to discuss its financial results for the fourth quarter and full-year ended December 31, 2024. Financial results will be issued in a press release prior to the call. Those wishing to participate via webcast should access the call through Urgently's Investor Relations website at https://investors.geturgently.com. Those wishing to participate via telephone may dial in at 1-844-481-2521 (USA) or 1-4

VIENNA, Va., Nov. 12, 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 third quarter ended September 30, 2024. "We are pleased with our third quarter results, which were in line with our revenue expectations. We continued our positive momentum to deliver customer partner contract renewals, and we took significant steps forward to optimize our business and margins through operational improvements and efficiencies. Notably, we made the decision to divest The Floow during the third quarter, which is part of our strategic effort to dives

VIENNA, Va., Oct. 29, 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 announced the date for the release of its third quarter 2024 financial results and its participation in upcoming investor conferences. Third Quarter 2024 Earnings Urgently will host a conference call on Tuesday, November 12, 2024, at 5:00 p.m. Eastern Time to discuss its financial results for the third quarter ended September 30, 2024. Financial results will be issued in a press release prior to the call. Those wishing to participate via webcast should access the call through Urgently's Investor

VIENNA, Va., Aug. 12, 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 second quarter ended June 30, 2024. "We are pleased with our second quarter results, which were in line with our revenue expectations. I am proud of the effort across the entire team to deliver renewals of all three customer partner contracts that were set to conclude, and which collectively generated more than one third of our revenue for the second quarter. In addition, we secured new customer partners as well as contract expansion within our existing customer

VIENNA, Va., July 30, 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 announced the date for the release of its second quarter 2024 financial results and its participation in the Sidoti Micro-Cap Virtual Investor Conference. Second Quarter 2024 Earnings Urgently will host a conference call on Monday, August 12, 2024, at 5:00 p.m. Eastern Time to discuss its financial results for the second quarter ended June 30, 2024. Financial results will be issued in a press release prior to the call. Those wishing to participate via webcast should access the call through Urgen

VIENNA, Va., May 13, 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 first quarter ended March 31, 2024. "Our first quarter financial performance was in line with our expectations. We made continued progress with our strategic initiatives to drive gross margin expansion through operational efficiencies and disciplined expense management. During the quarter, revenue exceeded our expectations and we delivered gross margin expansion of 4 percentage points, a 19% improvement in GAAP operating loss, and a 6% improvement in non-GAAP opera

VIENNA, Va., April 29, 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 announced the date for the release of its first quarter 2024 financial results and its participation in upcoming investor conferences. First Quarter 2024 Earnings Urgently will host a conference call on Monday, May 13, 2024 at 5:00 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2024. Financial results will be issued in a press release prior to the call. Those wishing to participate via webcast should access the call through Urgently's Investor Relations

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 in

VIENNA, Va., March 11, 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 announced that it will host a conference call on Thursday, March 14, 2024 at 5:00 p.m. Eastern Time to discuss its financial results for the fourth quarter and full-year ended December 31, 2023. Financial results will be issued in a press release prior to the call. Those wishing to participate via webcast should access the call through Urgently's Investor Relations website at https://investors.geturgently.com. Those wishing to participate via telephone may dial in at 1-844-825-9789 (USA) or 1