8-K
filed August 9, 2023, 7:59 PM ET
ticker NOTE
CIK 0001823466
earnings
confidence high
sentiment positive
materiality 0.75
FiscalNote Q2 revenue up 21% to $32.8M; guides to Q3 adjusted EBITDA profitability a quarter early
FiscalNote Holdings, Inc.
2023-Q2 EPS reported
-$0.38
revenue$64,371,000
- Q2 revenue $32.8M (+21% YoY); subscription revenue ~90% of total; GAAP net loss $30.9M.
- Adjusted EBITDA loss $(4.3)M; Q3 2023 guidance: revenue $34-35M, adjusted EBITDA positive $0.2-1.0M (quarter earlier than prior guidance).
- Full-year 2023 revenue guidance $136-138M (+20-21% YoY); adjusted EBITDA loss $(8)-$(6)M, ~71% improvement YoY.
- Cash $38.1M plus ~$94M debt capacity; organic ARR $113M (+6% pro forma YoY); net revenue retention ~98%.
- Launched FiscalNoteGPT generative AI and Risk Connector; new partnerships with Microsoft Bing, OpenAI, Google Bard, and Databricks.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FiscalNote Holdings, Inc. reported the third quarter of 2023 results: revenue $34 million to $35 million. Guidance raised.
- Period
- the third quarter of 2023
- Revenue
- $34 million to $35 million
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
Guidance for the third quarter of 2023 is as follows: • GAAP revenue of $34 million to $35 million, representing 17% to 20% year-over-year growth. • Adjusted EBITDA (1)(5) of positive $0.2 million to $1.0 million for the quarter, marking an increase from the Company’s prior guidance of approximately break-even in the third quarter.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
FiscalNote Holdings, Inc. reported the second quarter ended June 30, 2023 results: revenue $32.8 million, net income $(30.9) million. Guidance raised.
- Period
- the second quarter ended June 30, 2023
- Revenue
- $32.8 million
- Net income
- $(30.9) million
- Guidance
- raised
- Result
- reported results
Exact text from the filing
their businesses in an increasingly complex global geopolitical, economic, and regulatory environment. Second Quarter 2023 Financial Highlights ● Revenue increased 21% to $32.8 million, compared to $27.2 million in Q2 2022 and consistent with the guidance range the Company previously provided. Subscription revenue , which comprises approximately 90% of total
View on SEC.gov
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