How did ULY's revenue and expenses shift in Q4 2024 compared to previous quarters?

**Urgent.ly Inc. (ULY) experienced a decline in revenue and a shift in expenses in Q4 2024 compared to previous quarters.** 1. **Revenue Decline**: - ULY's total revenue for Q4 2024 was $32.03 million. - In the previous quarter (Q3 2024), the company delivered revenue of $36.2 million. - This indicates a decrease in revenue, which could be due to various factors including non-renewal of customer partnerships and strategic shifts away from less profitable revenue streams. 2. **Expense Shifts**: - There were no reported expenses for Q4 2024. - In Q3 2024, there were also no reported expenses. - The lack of data on expenses for these quarters makes it difficult to analyze changes in expense patterns. However, it is notable that ULY achieved a 16% year-over-year improvement in non-GAAP operating expenses and a 17% improvement in non-GAAP operating loss in Q3 2024. 3. **Other Significant Events**: - ULY faced challenges including the non-renewal of a significant customer contract and the divestiture of a business unit, which likely impacted revenue. - The company's financial performance was under pressure, as evidenced by a reported book loss of $3.3 million in Q3 2024 due to the divestiture of a business unit. - ULY's capital structure was also a concern, with a net principal debt balance of $54.3 million maturing in January 2025. The company was navigating complex negotiations with lenders to secure a working capital line of credit and address unsecured notes that matured in June 2024. - Despite these challenges, ULY secured short-term extensions on loan agreements, which provided additional time to secure longer-term financing solutions. In conclusion, ULY's revenue decreased in Q4 2024 compared to the previous quarter, while specific data on expenses for this period is not available. The company's financial health is under strain due to revenue challenges and liquidity issues, but it has taken steps to negotiate short-term extensions with lenders and work towards longer-term financial solutions.