Welcome to our dedicated page for Fiscalnote Hldg news (Ticker: NOTE), a resource for investors and traders seeking the latest updates and insights on Fiscalnote Hldg stock.
FiscalNote Holdings, Inc. reports developments tied to its AI-driven policy and regulatory intelligence business. Company news commonly covers PolicyNote, its flagship platform for legislative tracking, regulatory analysis and stakeholder engagement, as well as related data products such as the PolicyNote API, PolicyNote MCP and VoterVoice grassroots advocacy capabilities.
Updates also address financial results, adjusted EBITDA and free-cash-flow initiatives, product-led growth in agentic API offerings, political prediction market content, operational transformation efforts and public-market status, including the transition of the Class A common stock to OTCID trading under the NOTE ticker.
FiscalNote (NYSE: NOTE) reported a total revenue of $27.2 million for Q2 2022, reflecting a 41% increase compared to the previous year. The run-rate revenue was $115 million, up 15% year-over-year, while annual recurring revenue reached $103 million, growing 16% from 2021.
The company reaffirmed its run-rate revenue guidance of $173 million for 2022 and aims for positive Adjusted EBITDA by Q4 2023. Despite generating a net loss of $38.4 million, FiscalNote maintains a strong balance sheet with ample cash for growth.
FiscalNote, Inc. (NYSE: NOTE) will release its second-quarter 2022 financial results on August 15, 2022, after market close. The company will conduct a conference call at 5:00 p.m. ET on the same day to discuss the results, which can be accessed via phone or through a live webcast. FiscalNote, a leading AI-driven enterprise SaaS company, provides legal and regulatory data, serving over 5,000 customers globally.
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FiscalNote (NYSE: NOTE) has successfully completed the acquisition of South Korea-based Aicel Technologies, enhancing its global data-as-a-service offerings. Aicel specializes in alternative data solutions that provide actionable insights for financial markets. This acquisition is expected to accelerate FiscalNote's market leadership in the Asia-Pacific region, expand its customer base, and strengthen its AI data products. Aicel's revenue doubled in the past year, signaling strong growth potential. The deal aims to improve customer decision-making through enhanced AI capabilities and increase revenue opportunities across various regions.
Duddell Street Acquisition Corp. (Nasdaq: DSAC) announced the successful completion of its business combination with FiscalNote Holdings, Inc. FiscalNote's Class A common stock and warrants will begin trading on the New York Stock Exchange on August 1, 2022, under the ticker symbols 'NOTE' and 'NOTE WS'. The combined company aims for long-term growth backed by $425 million in capital, consisting of $175 million from the business combination and a senior secured term loan of up to $250 million. This transaction enhances FiscalNote's growth strategy and market position.