secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000950170-23-040155
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FiscalNote Q2 revenue up 21% to $32.8M; guides to Q3 adjusted EBITDA profitability a quarter early
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000095017023040155/0000950170-23-040155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000095017023040155/note-20230809.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-040155

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer