Urgent.ly Inc reports results for the quarter ended September 30 - Earnings Summary

• Urgent.ly Inc ULY.OQ reported a quarterly adjusted loss of $3.63​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $-7.80. The mean expectation of two analysts for the quarter was for a loss of $3.06 per share. Wall Street expected results to range from $-3.13 to $-1.26 per share.

• Revenue fell 9.1% to $32.94 million from a year ago; analysts expected $31.80 million.

• Urgent.ly Inc's reported EPS for the quarter was a loss of $3.63​.

• The company reported a quarterly loss of $4.15 million.

• Urgent.ly Inc shares had fallen by 30.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• 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 also "buy"

• Wall Street's median 12-month price target for Urgent.ly Inc is $11.50, about 82.3% above its last closing price of $2.03

This summary was machine generated from LSEG data March 13 at 09:11 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)