Fiscalnote Holdings Inc ( (NOTE) ) has released its Q4 earnings. Here is a breakdown of the information Fiscalnote Holdings Inc presented to its investors.
FiscalNote Holdings Inc., a leading AI-driven enterprise SaaS technology provider, specializes in policy and global intelligence solutions, serving thousands of customers worldwide with its comprehensive suite of products and services.
FiscalNote has reported its financial results for the fourth quarter and full year 2024, surpassing both revenue and adjusted EBITDA forecasts. The company achieved its first full year of positive adjusted EBITDA, marking a significant milestone driven by improved margins and operational efficiencies.
Key financial highlights include a total revenue of $29.5 million for Q4 2024, with an adjusted EBITDA of $3.3 million, reflecting a 10% year-over-year improvement. The company also reduced its senior debt by 44% and launched its new AI-focused PolicyNote platform, aiming to enhance customer engagement and drive future growth. Additionally, FiscalNote announced the divestiture of non-core assets, further streamlining operations and strengthening its balance sheet.
Looking ahead to 2025, FiscalNote expects to double its adjusted EBITDA margins on a pro forma basis and accelerate its path towards positive free cash flow. The company remains focused on product-led growth and operational efficiency, setting the stage for sustained long-term growth.
The Board of Directors continues to review strategic options to maximize shareholder value, reflecting a commitment to enhancing the company’s financial performance and market position.