Overview

* Urgent.ly ( ULY ) Q2 revenue falls 8% yr/yr but beats analyst expectations, per LSEG data

* Non-GAAP operating loss improves 97%, beating analyst expectations

* Co launches SPARK AI-powered market analyzer to enhance service performance

Result Drivers

* AI AND MACHINE LEARNING - Urgent.ly ( ULY ) attributes its operational scale and performance enhancement to its AI and machine learning platform, which utilizes predictive models, per CEO Matt Booth

* CONTRACT RENEWALS - Significant contract renewals, expansions, and new customers contributed to results, according to CEO Matt Booth

* SPARK LAUNCH - Introduction of SPARK AI-powered market analyzer aimed at improving service performance in key urban markets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $31.70 $31 mln

Revenue mln (2

Analysts

)

Q2 EPS -$4.5

Q2 Beat -$200,00 -$2.10

Adjusted 0 mln (1

Operatin Analyst)

g Income

Q2 -$2.20

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Urgent.ly Inc ( ULY ) is $13.50, about 62.7% above its August 11 closing price of $5.04

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)