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FiscalNote Holdings, Inc. (symbol: NOTE) is a leading provider of global policy and market intelligence solutions. The company leverages advanced AI and analytics to deliver actionable legal and policy insights for businesses, government institutions, and nonprofits. Its comprehensive suite of products includes FiscalNote Core, CQ Federal, and EU Issue Tracker, all designed to facilitate effective policy management and risk mitigation.
FiscalNote also offers expert analysis through FrontierView, Oxford Analytica, and Dragonfly Eye, providing geopolitical and market intelligence services. The company's primary goal is to integrate policy intelligence into daily operations, supporting decision-making processes and enhancing organizational efficiency.
Operating as a single segment, FiscalNote generates the majority of its revenue from North America, with additional contributions from Europe, Australia, and Asia. The company's innovative approach and extensive reach have solidified its position as a critical resource for navigating the complex landscape of global policy and market intelligence.
Recent achievements and ongoing projects underscore FiscalNote's commitment to excellence and innovation in the realm of policy intelligence. Its strategic partnerships and continuous product enhancements ensure that clients receive the most accurate and timely information available.
FiscalNote (NYSE: NOTE), an AI-driven enterprise SaaS provider, has appointed Can Babaoglu as Chief Product Officer. Babaoglu, with nearly 20 years of experience in product development and management, will lead the company's product strategy and innovation. He previously served as VP of Product at Casetext, where he led the development of CoCounsel, an AI legal assistant. At FiscalNote, Babaoglu will focus on leveraging AI and data science to create more valuable solutions for global customers in policy, regulatory, legal, and risk management sectors.
The appointment aims to accelerate FiscalNote's product-led growth, improve customer engagement, and drive revenue. As part of his compensation, Babaoglu will receive equity awards including restricted stock units and options, granted under FiscalNote's 2024 Inducement Equity Incentive Plan.
Efficient Capital Labs (ECL), a leading revenue-based financing provider for B2B SaaS companies in the South Asia-U.S. corridor, has secured $11 million in Series A funding. The round was co-led by QED Investors and 645 Ventures, with participation from existing and new investors. ECL plans to use the funds to expand into Singapore and other Southeast Asian markets.
The company has shown significant growth, originating over $70 million in financing and tripling its customer base to over 100 companies in 12 months. ECL's unique approach evaluates a business's revenue across all geographies, providing a holistic risk assessment for cross-border companies. The company has experienced strong growth in accounts receivable and plans to offer Singapore dollar-denominated loans by the end of 2024.
FiscalNote (NYSE: NOTE), an AI-driven enterprise SaaS provider of policy and global intelligence, has announced its participation in two upcoming investor conferences. The company will attend the Oppenheimer & Co. 27th Annual Technology, Internet & Communications Conference on August 14, 2024, where it will provide a virtual corporate update and host investor meetings. Additionally, FiscalNote will present and meet with investors at the H.C. Wainwright & Co. 26th Annual Global Investment Conference on September 9, 2024, in New York City.
Presentations and webcasts from these events will be accessible on the FiscalNote investor relations website. Interested parties can contact representatives at Oppenheimer & Co. and H.C. Wainwright & Co. for more information about the conferences.
FiscalNote Holdings, Inc. (NYSE: NOTE) reported Q2 2024 financial results, exceeding previous forecasts with total revenues of $29.2 million and adjusted EBITDA of $1.8 million. This marks the fourth consecutive quarter of positive adjusted EBITDA. Key highlights include:
- Subscription revenue at ~93% of total revenues
- Gross margin improved to 77%
- Net loss reduced to $12.8 million, a 59% improvement
- Cash and cash equivalents at $31.3 million
The company raised its full-year 2024 adjusted EBITDA forecast to approximately $8 million, while revising total revenue expectations to approximately $121 million. FiscalNote continues to focus on profitability and invest in AI-driven products to drive future growth.
Empowered Systems and FiscalNote (NYSE: NOTE) have announced a strategic partnership to enhance third-party risk management solutions. The collaboration integrates FiscalNote's Risk Connector, Copilot for Global Intelligence, and Dragonfly into Empowered Systems' Connected Risk™ platform. This integration aims to provide a comprehensive view of regulatory compliance and geopolitical risks.
Key features of the enhanced platform include:
- AI-powered risk management through FiscalNote Risk Connector
- Geopolitical intelligence and risk ratings from Dragonfly
- AI-assisted global intelligence navigation using FiscalNote Copilot
The partnership is expected to expand FiscalNote's customer base, accelerate growth, and drive revenue by delivering critical insights to a broader range of business functions within risk and compliance teams.
FiscalNote Holdings, Inc. (NYSE: NOTE) has announced a series of new and expanded customer agreements with major global corporations in regulated industries. The company, a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, has secured contracts with Fortune 500 leaders across various sectors including technology, health and life sciences, finance, energy, and manufacturing.
Notable new customers and expansions include Pepsico, FirstSolar, Sallie Mae, APCO Worldwide, Meijer, Bentley Systems, APEX Clean Energy, DaVita, Western Digital Technologies, QatarEnergy, CNA Insurance, MediaCom Communications, and Invenergy. FiscalNote's AI-powered solutions are helping these organizations navigate complex policy and regulatory landscapes, track political developments, and identify new opportunities in a challenging global economic environment.
FiscalNote (NYSE: NOTE) has unveiled a new AI-powered feature for its Fireside platform, designed to revolutionize legislative inbox management. This innovative tool uses advanced AI and large language models to sort and prioritize constituent communications, addressing the challenge of managing an average of 30,000 messages per year for legislative offices.
The AI sorting feature categorizes incoming messages into four priority levels, with a focus on identifying potential threats or self-harm content. Key benefits include enhanced workflow management, improved transparency, and seamless integration with existing Fireside tools. This advancement aims to increase efficiency, responsiveness, and trust between legislators and constituents.
FiscalNote Holdings, Inc. (NYSE: NOTE), a leading AI-driven enterprise technology provider of policy and global intelligence, has announced it will report its Second Quarter 2024 financial results on Thursday, August 8, 2024, immediately after market close. The company will also host a conference call at 5:00 p.m. on the same day to discuss these results and provide guidance for the third quarter and full year.
Investors can access the conference call via phone or webcast. For U.S. or Canada, dial 1 (800) 715-9871; for International, dial (646) 307-1963, using conference ID 2431537. The webcast will be available in the Investor Relations section of the company's website. A replay will be accessible until August 22, 2024, by phone, and the webcast will be archived indefinitely on the company's website.
FiscalNote (NYSE: NOTE) has conducted an AI-driven analysis of public statements by Presidential candidates Joe Biden and Donald Trump using its enhanced Roll Call platform. The analysis, utilizing OpenAI and Anthropic's AI models, reviewed hundreds of hours of remarks from Factba.se, identifying 20 inflammatory statements from Biden and 795 from Trump.
Key findings include:
- Trump's speeches were six times more likely to contain inflammatory statements
- Trump's remarks were flagged every 2 hours, 9 minutes, and 9 seconds
- Biden's comments were flagged every 14 hours, 21 seconds
The analysis covers Biden's presidency from January 20, 2021, to July 14, 2024, and Trump's from January 20, 2017, to July 14, 2024. The full exclusive report is available on Roll Call's website.
FiscalNote (NYSE: NOTE) has released its third annual Sustainability Overview, titled “Our Progress Toward a Sustainable Future: FiscalNote's Sustainability & Social Impact Efforts” for FY2023.
The report details initiatives in Environmental Sustainability (emissions and Scope reporting), Social Initiatives (CSR and Diversity, Equity, Inclusion, Belonging & Accessibility), and Governance (ethics, security & data privacy, compliance).
CEO Tim Hwang emphasized the company's commitment to using AI-enabled tools to help customers manage regulatory, geopolitical, and operational risks. The overview also outlines FiscalNote's sustainability focus for 2024, aiming to drive efficiency, value, and innovation.
More details can be found in a Medium post by Co-founder and Chief Strategy Officer Gerald Yao. The full Sustainability Overview for 2023 and previous years (2021 and 2022) are accessible on the FiscalNote website.
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