How did ULY's Q4 earnings surprise impact its annual performance?

Urgent.ly (ULY) experienced a significant decline in net income in Fiscal 2024, with Q4's earnings surprise further exacerbating the annual performance's weakness.

1. Q4 Earnings Surprise:
   • ULY's Q4 net income was -$8.73 million.
   • This marked a substantial decrease from the previous quarter's net income of -$10.61 million, indicating a worsening trend.
2. Annual Performance Impact:
   • The cumulative net income for Fiscal 2024 was -$13.02 million, -$11.67 million, and finally, the reported figure.
   • The Q4 earnings surprise of -$8.73 million contributed to the annual loss, highlighting the severity of the decline in this period.
3. Overall Annual Performance:
   • The annual net income loss of approximately -$13.02 million indicates a strong negative performance for ULY in Fiscal 2024.
   • The consistent negative net income figures throughout the year suggest that ULY faced significant challenges, with Q4's earnings surprise being a critical factor in the annual financial performance.

In conclusion, ULY's Q4 earnings surprise had a profound impact on its annual performance in Fiscal 2024, contributing to a substantial net income loss for the year.