ULY News & Events

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.

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