FiscalNote Q1 revenue up 21% to $31.5M; reiterates FY guidance, expects Q4 EBITDA positive

FiscalNote Holdings, Inc.

2023-Q1 EPS reported -$0.14 revenue$31,529,000

Revenue of $31.5M (+21% YoY); subscription revenue up 25% YoY, 90% of total revenue.
GAAP net loss of $19.3M; adjusted EBITDA loss of $7.0M, consistent with guidance.
Reiterates FY2023 revenue guidance of $136-141M; expects positive adjusted EBITDA by Q4 2023.
ARR of $119M as of March 31, 2023 (+19% YoY); organic ARR growth 9% pro forma.
Operational highlights: OpenAI ChatGPT plugin launch partner, Dragonfly acquisition, four new AI patents.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FiscalNote Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $31.5 million, net income $19.3 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $31.5 million
Net income: $19.3 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

their businesses in an increasingly complex global geopolitical, economic, and regulatory environment. First Quarter 2023 Financial Highlights ● Revenue increased 21% to $31.5 million, compared to revenue of $26.1 million in the first quarter of 2022 and consistent with the guidance range the Company previously provided. Subscription revenue , which comprises

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Source: SEC EDGAR

accession 0000950170-23-020115

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