FiscalNote Q4 2024 Earnings Report
Key Takeaways
FiscalNote Holdings, Inc. posted Q4 2024 revenue of $29.5 million, down 14% year-over-year, due to divestitures and discontinued products. However, the company improved its profitability, reporting an adjusted EBITDA of $3.3 million and a net loss reduction to $13.4 million. Gross margin increased significantly to 82%, supported by operational efficiencies and a streamlined business model.
Total revenue declined 14% to $29.5 million due to divestitures and product discontinuations.
Net loss improved to $13.4 million from $50.7 million in Q4 2023.
Gross margin expanded to 82%, up 15 percentage points year-over-year.
Adjusted EBITDA increased to $3.3 million, marking the sixth consecutive profitable quarter.
FiscalNote
FiscalNote
FiscalNote Revenue by Segment
Forward Guidance
FiscalNote expects continued margin expansion and a transition towards positive free cash flow in 2025.
Positive Outlook
- Projected adjusted EBITDA margins expected to double in FY25.
- Divestitures of non-core businesses to improve operational efficiency.
- Launch of AI-powered PolicyNote platform to drive customer engagement.
- Further debt reduction planned to strengthen financial position.
- Increased focus on core policy business to support long-term growth.
Challenges Ahead
- Revenue expected to decline in FY25 due to divestitures and product sunsetting.
- Macroeconomic volatility may impact corporate and public sector spending.
- Potential regulatory and policy changes affecting business operations.
- Ongoing operational restructuring may cause short-term disruptions.
- Competitive pressures in the AI-driven SaaS and policy intelligence market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income