Urgently Inc reported Q4 2024 revenue of $32.0 million, in line with guidance, but a 29% year-over-year decline driven primarily by the non-renewal of a large auto-manufacturer partner. Full-year revenue stood at $142.9 million, down 23% versus the prior year, reflecting reduced dispatch volumes and a strategic shift away from less profitable revenue. Gross margin remained modest at 22%, with continued margin expansion driven by service mix and technology optimization. Operating expenses and non-GAAP operating expenses declined meaningfully (GAAP operating loss improved to -$4.6 million in Q4 and -$27.2 million for the year; non-GAAP operating loss improved to -$3.0 million in Q4 and -$17.2 million for the year), highlighting ongoing cost discipline and leverage from the Otonomo merger integration. Management reiterated a mid-2025 target for non-GAAP breakeven, supported by ongoing efficiency initiatives, price-justified renewals, and new customer adds. Near-term liquidity remains anchored by a $20 million asset-based revolving facility with MidCap Financial, an extended credit facility with Highbridge, and a plan to complete a reverse stock split to regain NASDAQ compliance. The company ended 2024 with ~13.5 million common shares outstanding (pre-reverse split), planning a March 17, 2025 reverse split to position for listing requirements. Management remains cautiously optimistic about 2025, citing renewed OEM relationships, expanded VIP service offerings, and AI-enabled pricing as catalysts for margin and growth, while emphasizing the importance of renewals, new customer wins, and cost controls in attaining profitable growth.