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

• Urgent.ly Inc ULY.OQ reported a quarterly adjusted loss of $4.50​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-10.44. The mean expectation of two analysts for the quarter was for a loss of $2.70 per share. Wall Street expected results to range from $-3.77 to $-1.63 per share.

• Revenue fell 8.3% to $31.69 million from a year ago; analysts expected $31.00 million.

• Urgent.ly Inc's reported EPS for the quarter was a loss of $4.50​.

• The company reported a quarterly loss of $5.61 million.

• Urgent.ly Inc shares had fallen by 21.3% this quarter and lost 17.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

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 $13.50, about 62.7% above its last closing price of $5.04

This summary was machine generated from LSEG data August 12 at 08:29 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)