secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0000950170-23-063343
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000095017023063343/0000950170-23-063343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000095017023063343/note-20231114.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-063343

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