NYSE$NOTE
Fiscalnote Holdings Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced fourth quarter and full year 2023 financial results, exceeding Adjusted EBITDA expectations and divesting Board.Org Community Engagement Platform.
FiscalNote's Q4 2023 financial results showed revenue growth of 9% to $34.3 million, with a positive adjusted EBITDA of $3.0 million. The company divested Board.org for up to $103 million, enhancing its balance sheet and enabling senior debt repayment.
- Revenue increased 9% to $34.3 million, meeting the company's guidance.
- Gross profit was $22.9 million, representing a 67% gross margin.
- Adjusted EBITDA was $3.0 million, exceeding the company's guidance.
- Cash and cash equivalents were $24.4 million as of December 31, 2023.
Headline financials
Revenue & EPS history
FiscalNote · Revenue · Quarterly
$34.3M
Revenue by segment
FiscalNote · $30.1M total across 1 segment · Q3 2023
- Subscription Revenue$30.1M+15.3%100.0%
Forward guidance
FiscalNote provided guidance for the full year 2024 reflecting the divestiture of Board.org and the discontinuation of sunset products.
Tailwinds
- GAAP revenue of $123 to $127 million
- Total Run-Rate Revenue of $126 to $134 million
- Positive Adjusted EBITDA of $7 to $9 million
- GAAP revenue of approximately $31 million for Q1 2024
- Adjusted EBITDA of approximately $1 million for Q1 2024
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 Q4 2023
-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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