Tue, Apr 1, 9:16 PM (28 days ago)
### Summary of FiscalNote Holdings, Inc. (Ticker: NOTE) **Financial Performance:** - **Revenue:** $120.3 million (2024) and $132.6 million (2023) - **Net Income:** $9.5 million (2024) and -$115.4 million (2023) - **Operating Expenses:** $152.2 million (2024) and $230.4 million (2023) - **Earnings per Share:** $0.07 (2024) and -$0.88 (2023) **Strategic Overview:** - **Core Business:** Provides global policy and regulatory intelligence using AI and data analytics. - **Products:** PolicyNote, CQ Federal, Curate, EU Issue Tracker, VoterVoice, Fireside, and FrontierView. - **Customer Base:** Global enterprises, midsized and smaller businesses, government agencies, law firms, professional services organizations, trade groups, and non-profits in over 40 countries. **Future Outlook:** - **Growth Strategy:** Focus on product-led growth, sales optimization, research and development, and strategic acquisitions. - **Market Position:** Leading provider in a large and expanding market with attractive growth potential. **Risk Factors:** - **Financial Risks:** High operating expenses, dependence on U.S. government contracts, and reliance on key personnel. - **Market Risks:** Competition, technological changes, and regulatory challenges. - **Operational Risks:** Dependence on third-party data, cybersecurity threats, and potential disruptions in supply chains. **Financial Condition:** - **Debt:** $168.2 million in aggregate principal amount of indebtedness as of December 31, 2024. - **Cash Flow:** Negative working capital and accumulated deficit, with significant on-going operating and capital expenditures. **Market Position Changes:** - **Acquisitions and Dispositions:** Sale of Aicel and Board.org, and the planned sale of Dragonfly and Oxford Analytica. - **Product Rationalization:** Discontinuation of non-core products and focus on core Policy business. **Note:** Amounts are usually in thousands, 000s.