Urgent.ly Second Quarter 2024 Earnings: EPS Misses Expectations

Urgent.ly (NASDAQ:ULY) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$34.5m (down 22% from 2Q 2023).
• Net loss: US$11.7m (loss widened by 82% from 2Q 2023).
• US$0.87 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Urgent.ly EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.8%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

You should learn about the 6 warning signs we've spotted with Urgent.ly (including 3 which are a bit unpleasant).

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