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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqCM:ULY
Urgent.ly
Offers mobility assistance software platform for roadside assistance in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Medium-low and undervalued.
