earnings
confidence high
sentiment neutral
materiality 0.70
FiscalNote Q2 rev $29.2M beats forecast; adj EBITDA $1.8M positive; full-year rev guidance lowered to ~$121M
FiscalNote Holdings, Inc.
2024-Q2 EPS reported
$0.28
revenue$61,358,000
- Q2 total revenues $29.2M, above forecast; subscription revenue $27.1M (93% of total), down 8% YoY but up 3% excluding Board.org.
- Net loss improved to $12.8M from $31.0M YoY; adjusted EBITDA $1.8M positive, fourth consecutive quarter of positive adj EBITDA.
- Full-year 2024 revenue guidance lowered to ~$121M (from $123-127M) due to retention headwinds; adj EBITDA guidance raised/tightened to ~$8M.
- Q3 2024 forecast: revenue ~$29M, adj EBITDA ~$2M; Board continues strategic review, no timetable set.