FiscalNote Holdings, Inc. reports developments tied to its AI-driven policy and regulatory intelligence business. Company news commonly covers PolicyNote, its flagship platform for legislative tracking, regulatory analysis and stakeholder engagement, as well as related data products such as the PolicyNote API, PolicyNote MCP and VoterVoice grassroots advocacy capabilities.
Updates also address financial results, adjusted EBITDA and free-cash-flow initiatives, product-led growth in agentic API offerings, political prediction market content, operational transformation efforts and public-market status, including the transition of the Class A common stock to OTCID trading under the NOTE ticker.
FiscalNote Holdings (NYSE: NOTE) announced that Board member Conrad Yiu will retire effective December 31, 2024, ahead of his scheduled term end in May 2025. Yiu, who joined the board in October 2020, is Co-founder and Partner of AS1 Growth Partners, which invested in FiscalNote in 2020 prior to its public listing. Following Yiu's departure, the board will be reduced to nine members, reflecting the company's streamlined structure after its 2024 divestitures of Board.org and Aicel Technologies.
FiscalNote (NYSE: NOTE) announces significant success in supporting finance industry customers with AI-driven policy and regulatory solutions. The company's technology helps financial institutions navigate complex regulatory landscapes, particularly relevant given the anticipated regulatory changes under the incoming Trump administration.
FiscalNote's suite of services includes real-time policy monitoring, cryptocurrency regulatory tracking, and global coverage across major jurisdictions including the EU and US regulatory agencies. The company's AI-powered analysis and expert insights help organizations monitor developments in areas such as capital requirements, anti-money laundering enforcement, and digital finance regulation.
FiscalNote (NYSE: NOTE) has achieved a significant milestone in its AI-driven local policy coverage, surpassing 5 million local policy documents in its proprietary database. The company now covers over 16,000 local governments and school districts across the U.S., representing the industry's highest number of tracked localities.
The platform tracks over 600,000 documents weekly from local governing bodies and maintains a database of 100,000 local government contacts. The system monitors more than 12,000 municipalities, 4,000 school districts, and hundreds of state boards, providing customers with real-time policy information through SaaS-based custom dashboards and daily reports.
FiscalNote (NYSE: NOTE), an AI-driven enterprise SaaS technology provider of policy and global intelligence, has announced its participation in two upcoming investor conferences. The company will participate virtually in the Northland Capital Markets Growth Conference on December 12, 2024, and will present in person at the Needham & Co. 27th Annual Growth Conference on January 15, 2025, at the Lotte New York Palace Hotel in New York City. Both events will include investor meetings, and related presentations and webcasts will be available on FiscalNote's investor relations website.
FiscalNote (NYSE: NOTE) has announced a comprehensive toolkit for government relations and corporate affairs professionals to navigate post-election landscapes across the US, G7 nations, and the new European Commission. The company's AI-driven SaaS platform provides policy expertise and intelligence to help organizations understand and influence policy evolution at all governmental levels.
The toolkit aims to help decision-makers capitalize on growth opportunities while managing risks in the changing political environment. FiscalNote leverages its policy-oriented platforms and advisory professionals to deliver tailored intelligence and analysis for customers navigating cross-border business impacts.
FiscalNote Holdings (NYSE: NOTE) announced new customer wins, renewals, and expansions across the U.S. public sector, encompassing all three branches of the federal government. The company's AI-driven SaaS solutions for policy and global intelligence continue to serve as essential tools for government decision-makers. Key customers include major Executive Branch departments like Treasury, Justice, and Defense; Legislative Branch entities such as the Congressional Research Service; and Judicial Branch institutions including the U.S. Supreme Court. The company also maintains a significant global public sector presence across North America, South America, Europe, the Middle East, and Asia-Pacific regions.
FiscalNote (NYSE: NOTE) has received notification from the NYSE that it no longer complies with the continued listing standard requiring a minimum average closing share price of $1.00 over a 30-day trading period. The company has six months to regain compliance while maintaining its NYSE listing and normal operations. FiscalNote serves over 4,000 global customers with AI-driven legal and regulatory insights and remains focused on increasing profitability, delivering product experiences, simplifying its portfolio, finding operational efficiencies, and reducing debt.
FiscalNote (NYSE: NOTE) has announced a partnership with ProRata.ai to license select political and policy content from its platforms RollCall.com and Factba.se. ProRata.ai, an AI search engine, will provide attribution and revenue sharing when FiscalNote's content is used to generate answers. The partnership joins other major content providers including The Atlantic, Axel Springer, Fortune, TIME, and Universal Music Group. This agreement expands FiscalNote's AI partnerships beyond existing relationships with OpenAI's ChatGPT, Google Bard, and Microsoft Bing, aiming to increase monetization opportunities and enhance its market presence.
FiscalNote Holdings (NYSE: NOTE) announced a leadership succession plan where CEO and Co-founder Tim Hwang will transition to Executive Chairman, while current President and COO Josh Resnik will become CEO, effective January 1, 2025. Under Hwang's nearly 12-year leadership, FiscalNote transformed from a startup into a leading AI-driven SaaS company serving over 4,000 global customers. In his new role, Hwang will focus on strategic initiatives, company culture, product innovation, and generative AI growth. Resnik, who has been key in advancing FiscalNote's product strategy and operational effectiveness, will retain his position as President while taking on CEO responsibilities.
FiscalNote (NYSE: NOTE) reported Q3 2024 financial results with total revenues of $29.4 million and adjusted EBITDA of $3.4 million, marking its fifth consecutive quarter of positive adjusted EBITDA. The company raised its full-year 2024 adjusted EBITDA guidance to approximately $9 million from $8 million, while revising revenue forecast to $120 million from $121 million. Q3 highlights include 93% subscription revenue, 79% gross margin, and $33.4 million in cash. The company announced a leadership transition, with CEO Tim Hwang moving to Executive Chairman and Josh Resnik becoming CEO effective January 2025. FiscalNote also secured a $5.5 million investment from Era Global Technologies.