FiscalNote Q1 revenue $32.1M, adj. EBITDA $1.2M; completes Board.org sale for up to $103M

FiscalNote Holdings, Inc.

2024-Q1 EPS reported $0.37 revenue$32,112,000

Q1 revenue $32.1M (+2% YoY); subscription revenue $29.6M (+4%). GAAP net income $50.6M vs loss $19.3M.
Adjusted EBITDA $1.2M (margin 4%), vs -$7.0M in Q1 2023; third straight profitable quarter.
Divested Board.org for up to $103M ($95M cash at close); $65.7M used to reduce senior debt; 9.5x cash-on-cash return.
Reaffirms FY2024: revenue $123-127M, adj. EBITDA $7-9M. Q2 guidance: rev ~$29M, adj. EBITDA ~$1M.
Board continues strategic review; no timetable set. Centerview and Skadden advised.

item 2.02 item 7.01 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 first quarter ended March 31, 2024 results: revenue $32.1 million, net income $50.6 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $32.1 million
Net income: $50.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Reports Q1 2024 total revenues of $32.1 million and adjusted EBITDA of $1.2 million

View on SEC.gov

1051 earnings releases filed in the last 30 days. Browse all earnings releases →

FiscalNote Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-056244

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.