From GlobeNewswire: 2025-03-12 16:05:00

Urgently Inc. reported financial results for Q4 and full-year 2024, showing revenue of $32.0 million for Q4, a 29% decrease year over year, with 201,000 dispatches completed and a 4.5-star consumer satisfaction score. Full-year 2024 revenue was $142.9 million, a 23% decrease year over year, with 857,000 dispatches completed and the same satisfaction score.

The company’s CEO, Matt Booth, highlighted accomplishments in 2024, including revenue in line with expectations, a 160 basis point improvement in gross profit margin, and a 41% improvement in GAAP operating loss. CFO Tim Huffmyer announced a new $20 million credit agreement with MidCap Financial.

Stockholders approved a reverse stock split to regain compliance with Nasdaq listing requirements. The reverse split ratio will be determined by the board of directors, with the intent to effect the split on March 17, 2025. Urgently will host a conference call to discuss financial results on March 12, 2025.

Non-GAAP financial measures show improvements in operating expenses and operating loss for Q4 and full-year 2024. The company’s balance sheet for December 31, 2024, shows assets of $54.1 million and liabilities of $85.7 million. The consolidated statements of operations detail revenue, cost of revenue, and operating expenses for the same period.



Read more at GlobeNewswire:: Urgently Announces Fourth Quarter and Full-Year 2024