secwatch.observer — SEC 8-K summary
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Issuer:     FiscalNote Holdings, Inc. (NOTE)
CIK:        0001823466
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000950170-24-094167
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FiscalNote Q2 rev $29.2M beats forecast; adj EBITDA $1.8M positive; full-year rev guidance lowered to ~$121M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823466/000095017024094167/0000950170-24-094167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823466/000095017024094167/note-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-094167

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