FiscalNote Q3 revenue up 34% to $29.1M, GAAP net loss $109M, guides FY22 revenue $112-114M

FiscalNote Holdings, Inc.

2022-Q3 EPS reported -$5.03 revenue$82,316,000

Revenue $29.1M (+34% YoY); Non-GAAP adjusted revenue $29.2M (+27%).
GAAP net loss $109M driven by $45.2M loss on debt extinguishment, $32.1M interest expense, $28.9M stock-based comp.
Adjusted EBITDA loss $7.4M; cash $78.8M plus $100M additional debt capacity.
FY22 guidance: GAAP revenue $112-114M (36% YoY), organic run-rate $122-126M, adj. EBITDA loss $22-24M; positive EBITDA by Q4 2023.
Acquired core assets of DT-Global (Vienna, subscription market intelligence) adding ~350 customers; no deal value disclosed.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FiscalNote Holdings, Inc. reported quarter ended September 30, 2022 results: revenue $29.1 million, net income -$109 million. Guidance initiated.

Period: quarter ended September 30, 2022
Revenue: $29.1 million
Net income: -$109 million
Guidance: initiated
Result: reported results

Exact text from the filing

● Revenue increased 34% to $29.1 million, compared to $21.8 million in Q3 2021. Non-GAAP adjusted revenue (1) increased 27% to $29.2 million compared to $22.9 million in the third quarter of 2021. ● Gross profit was $20.3 million representing 70% gross margin, and non-GAAP adjusted gross profit was $23.3 million representing 80% non-GAAP adjusted gross margin. ● GAAP net loss of $109 million.

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FiscalNote Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-025001

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