James McIlree's questions to Urgent.ly (ULY) leadership • Q2 2025
Question
James McIlree from Chardan Capital Markets asked for quantification of the revenue associated with the recent contract renewals. He also sought to reconcile the company's description of its insurance market re-entry as 'early stages' with the announcement of a newly signed insurance partner, and inquired about the typical sales cycle length. Lastly, he asked when non-recurring transaction and restructuring costs are expected to cease.
Answer
CEO Matt Booth clarified that the renewals secured so far account for approximately 40% of the revenue up for renewal this year. He explained the insurance funnel includes a broad marketing campaign alongside early contract wins with an automotive OEM insurance company and a mid-market provider. He characterized the sales cycle as standard. Corporate Controller & Principal Accounting Officer, Andrea Makkai, indicated that significant non-recurring costs related to the Autonomous business are not expected to continue.