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ULY-News
ULY-Events
Agero to Acquire Urgent.ly for $5.50 per Share
Agero announced that it has entered into an agreement to acquire Urgent.ly for a cash price of $5.50 per share. Following the transaction's completion, Agero will remain a privately held company, continuing to benefit from the long-term commitment provided by the Wolk family ownership since its founding more than 50 years ago. Both companies emphasized that clients, customers, service providers and employees should expect continuity.
Urgently Reports Q4 Revenue of $33.29M, Beating Expectations
Reports Q4 revenue $33.29M, consensus $31.8M. "We're pleased to report continued progress and positive momentum in our financial performance. In the fourth quarter, revenue grew 4% year-over-year, gross profit increased 23% to $8.7 million, and gross margin expanded to 26%, which was a 4-point improvement over the prior year period," saidMatt Booth, CEO of Urgently. "For the full year, we significantly reduced operating expenses by delivering an improvement of 29% in GAAP operating expenses and a 32% improvement in non-GAAP operating expenses. Most notably, we achieved a reduction in GAAP operating loss and delivered our second consecutive quarter of positive non-GAAP operating income. As we look out to the balance of the year, we remain focused on driving a return to growth by expanding relationships with existing customer partners and developing new customer partner opportunities, while continuing to deliver exceptional customer satisfaction scores."
Urgent ly Ord Shs Trading Halted, News Pending
Urgent ly Ord Shs trading halted, news pending
Urgently Collaborates with Sony Honda Mobility of America for Roadside Assistance Services
Urgent.ly,announced a new partnership with Sony Honda Mobility of America to provide its AFEELA owners with reliable, nationwide coverage across all 50 states and the District of Columbia. Beginning with the U.S. delivery of the AFEELA 1 in 2026, SHMA customers will have access to Urgently's extensive network of mobility assistance service providers, ensuring peace of mind and safety to drivers needing end-to-end roadside support.
Receives Immediate Noncompliance Notice from Nasdaq
Urgently announced that Nasdaq formally notified the company that, based upon its non-compliance with Nasdaq Listing Rule 5550, which requires a minimum of $500,000 in net income, a $35M market value of listed securities, or $2.5M in stockholders' equity, as of September 15, Urgently's securities were subject to delisting at the open of business on September 25 unless the company timely requests a hearing before the Nasdaq Hearings Panel. Urgently plans to timely request a hearing before the panel, which request will automatically stay any further action by Nasdaq at least pending the conclusion of the hearing and the expiration of any extension period that may be granted by the panel following the hearing.
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