FiscalNote Holdings, Inc. - NOTE STOCK NEWS

FiscalNote Holdings (NYSE: NOTE) has announced the launch of its enhanced VoterVoice platform, integrating proprietary AI tools and ChatGPT, making it the first in the lobbying and advocacy industry to do so. This innovation aims to improve productivity, political participation, and outcomes for over a thousand customers. In 2022, VoterVoice facilitated the sending of over 371 million messages to lawmakers. The new features, under the name SmartCheck, assist users in optimizing advocacy campaigns by providing real-time suggestions for subject lines and content. This rollout follows FiscalNote's recent receipt of its 13th AI-related patent, expanding its portfolio of technology that combines AI with policy data. Additionally, FiscalNote has been selected as a trusted partner by OpenAI, showcasing its commitment to innovation in advocacy technology.

FiscalNote Holdings (NYSE: NOTE) has announced the receipt of a new patent from the United States Patent & Trademark Office for its AI-driven custom advocacy campaigns, expanding its U.S. patent portfolio to thirteen and global patents to fifteen. This patent recognizes FiscalNote's commitment to innovation in policy and advocacy software.

FiscalNote's VoterVoice platform has sent over 371 million messages to elected officials in 2022, enhancing civic engagement. The new technology allows organizations to automate and optimize outreach, reinforcing FiscalNote's position in the advocacy space.

This latest advancement aligns with FiscalNote's broader strategy to leverage AI technology effectively for its customers and to enhance their influence in policymaking.

FiscalNote Holdings, Inc. (NYSE: NOTE) will participate in the SHARE & NYSE Exclusive Event on April 10, 2023, at 1:30 PM ET. CEO Tim Hwang will lead a 30-minute fireside chat, moderated by analyst Mike Albanese. The live stream can be accessed through various platforms, including OpenExchange and the company’s investor relations page. An archived replay will be available for approximately 90 days post-event.

FiscalNote combines AI technology, actionable data, and insights to help customers manage policy and regulatory developments. Since its inception in 2013, the company has grown to serve around 5,000 customers globally, with offices in North America, Europe, Asia, and Australia.

FiscalNote Holdings, Inc. (NYSE: NOTE) reported FY 2022 results with GAAP revenue reaching $113.8 million, a 37% year-over-year increase, at the top end of its guidance. Q4 revenue rose 29% to $31.4 million, with a gross margin of 73%. The company expects ongoing revenue growth in 2023, forecasting GAAP revenue of $136-141 million for the full year. Despite a GAAP net loss of $218.3 million for FY 2022, FiscalNote anticipates adjusted EBITDA profitability by Q4 2023, driven by strong customer retention (101% net revenue retention) and strategic M&A, including the recent acquisition of Dragonfly Eye, Ltd.