NYSE$NOTE
Fiscalnote Holdings Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
FiscalNote's Q2 2022 financial results were announced, demonstrating marketplace leadership and momentum, powered by customer wins, net retention, and strong M&A integrations.
FiscalNote reported a 41% increase in total revenue compared to the second quarter of 2021. The company is excited to be a public company and remains focused on sustainable growth, reiterating achieving positive Adjusted EBITDA for the fourth quarter of 2023.
- Total revenue for the second quarter of 2022 was $27.2 million, up 41% from the second quarter of 2021.
- Subscription revenue was $24.3 million, up 40% from the second quarter of 2021.
- Gross profit for the second quarter of 2022 was $19.5 million, compared to $14.3 million for the second quarter of 2021.
- Net loss for the second quarter of 2022 was $38.4 million, compared to $34.1 million for the second quarter of 2021.
Headline financials
Revenue & EPS history
FiscalNote · Revenue · Quarterly
$27.2M
Revenue by segment
FiscalNote · $27.1M total across 2 segments · Q2 2022
- Subscription Revenue$24.3M—89.7%
- Advisory, Advertising, & Other$2.8M—10.3%
Forward guidance
FiscalNote is reaffirming its guidance for full year 2022.
Tailwinds
- Run-rate revenue of $173 million by end of year.
- Organic run-rate revenue to accelerate to $136 million by end of year, representing approximately 25% year over year growth.
- Reiterates that it remains on track to achieve positive Adjusted EBITDA within the fourth quarter of 2023.
Headwinds
- Adjusted EBITDA loss of approximately $23 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q2 2022
-3.8%
Avg return
Earnings day
-2.1%
Avg return
5 days after
-11.4%
Avg return
30 days after
28%
5 / 18 earnings
Positive
+25.7%
Q3 2022
Best reaction
-37.9%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.1% | +4.6% | — | |
| Q4 2025 | -1.5% | -42.9% | -72.3% | |
| Q3 2025 | +2.0% | -9.3% | -33.7% | |
| Q1 2025 | -2.8% | +5.1% | -23.1% | |
| Q4 2024 | -4.4% | +4.7% | -30.6% | |
| Q3 2024 | -17.8% | -14.4% | -3.7% | |
| Q2 2024 | -5.8% | -7.9% | -14.4% | |
| Q1 2024 | +4.1% | +24.6% | -6.6% | |
| Q4 2023 | -17.2% | -13.8% | -36.9% | |
| Q3 2023 | -37.9% | -39.4% | -11.4% | |
| Q2 2023 | -27.2% | -18.3% | -40.0% | |
| Q1 2023 | +15.5% | +22.4% | +74.5% | |
| Q4 2022 | +5.6% | +23.9% | +0.0% | |
| Q3 2022 | +25.7% | +22.6% | +17.3% | |
| Q2 2022 | -3.3% | +1.4% | -12.9% | |
| Q1 2022 | -0.2% | -0.2% | -0.4% | |
| Q4 2021 | -0.1% | +0.0% | +0.2% | |
| Q3 2021 | -0.2% | +0.1% | -0.1% |
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