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FiscalNote Holdings (NOTE)
NYSE:NOTE
Holding NOTE?
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.08Last Year’s EPS
0.37Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2022
|% Change Since: 48.86%
|Next Earnings Date:Aug 15, 2022
Earnings Call Sentiment|Neutral
The earnings call highlighted significant positive financial achievements in terms of profitability and cost management, despite challenges in revenue decline due to divestitures. The leadership transition aims to drive further growth and focus on core strengths, signaling optimism for future performance.Company Guidance
During the FiscalNote Q3 2024 earnings call, several key financial metrics and future guidance were highlighted. The company reported total revenue for the quarter at $29.4 million, with subscription revenue accounting for 93% of this total. Key performance metrics included a run rate revenue of $119 million and an annual recurring revenue (ARR) of $109 million. The net revenue retention stood at 99%, slightly lower than the previous year. FiscalNote achieved a gross margin of 79% on a GAAP basis, and 86% on an adjusted basis, reflecting a focus on profitability, which led to an upward revision of the full-year 2024 adjusted EBITDA forecast to $9 million. The guidance for Q4 2024 includes anticipated total revenues of approximately $29 million and adjusted EBITDA of around $2.5 million. These figures are part of the company's broader strategy to streamline operations, enhance product offerings, and optimize its capital structure for sustainable growth.Positive Adjusted EBITDA Growth
FiscalNote achieved a positive adjusted EBITDA of $3.4 million in Q3 2024, marking the fifth consecutive quarter of positive adjusted EBITDA, with an upward revision for the full year 2024 to approximately $9 million.
Successful Cost Reduction Initiatives
Total operating expenses in Q3 2024 decreased by over $11 million or 24% compared to the prior year, reflecting the impact of cost-saving initiatives and divestitures.
Strong Gross Margins
Gross margins for Q3 2024 were 79% on a GAAP basis and 86% on an adjusted basis, showing improvement over the prior year period.
Leadership Transition
Timothy Hwang announced his transition to Executive Chair, with Joshua Resnik taking over as CEO, signaling a strategic shift towards new growth opportunities.
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NOTE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NOTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $0.88 | $0.77 | -12.50% |
| Aug 08, 2024 | $1.37 | $1.31 | -4.38% |
| May 09, 2024 | $1.22 | $1.29 | +5.74% |
| Mar 12, 2024 | $2.03 | $1.61 | -20.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FiscalNote Holdings (NOTE) report earnings?
FiscalNote Holdings (NOTE) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is FiscalNote Holdings (NOTE) earnings time?
FiscalNote Holdings (NOTE) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOTE EPS forecast?
NOTE EPS forecast for the fiscal quarter 2024 (Q4) is -0.08.
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