FiscalNote Q3 revenue $34M (+17% YoY), first adjusted EBITDA profit of $0.7M, one quarter early

FiscalNote Holdings, Inc.

2023-Q3 EPS reported -$0.49 revenue$98,380,000

Revenue $34.0M (+17% YoY); subscription revenue (89% of total) grew 15% YoY (7% organic).
GAAP net loss $14.5M ($0.11 loss per share); Adjusted EBITDA $0.7M, first quarter of profitability, ahead of plan.
ARR $123M (+14% YoY), NRR ~100%; corporate large enterprise ARR growth above company average.
Q4 guidance: revenue $34-35M, Adjusted EBITDA ~$2.5M; FY23 revenue $132-133M, Adj. EBITDA loss ~$8M.
Board appoints Special Committee to evaluate potential go-private interest from CEO Tim Hwang; no proposal yet.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FiscalNote Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $34.0 million, net income ($14.5) million, EPS $(0.11) per share.

Period: third quarter ended September 30, 2023
Revenue: $34.0 million
Net income: ($14.5) million
EPS: $(0.11) per share
Result: reported results

Exact text from the filing

trusted, AI-enabled global policy and market intelligence and the Company’s efficient SaaS delivery model. Third Quarter 2023 Financial Highlights ● Revenue increased 17% to $34.0 million, within the guidance range the Company previously provided, compared to $29.1 million in Q3 2022. ○ Subscription revenue , which comprises approximately 89% of total revenue,

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FiscalNote Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-063343

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