FiscalNote Holdings Inc (FRA:A2O1)

Q1 2025 FiscalNote Holdings Inc Earnings Call Transcript

May 12, 2025 / 09:00 PM GMT

Release Date Price: €6.48 (+4.85%)

Transcript 10-Q8-K

Key Points

Positve

FiscalNote Holdings Inc (NOTE) exceeded both revenue and adjusted EBITDA guidance for Q1 2025, with total revenue reaching $27.5 million.
The company reported a significant improvement in adjusted EBITDA, achieving $2.8 million, which is higher than the prior year and above guidance.
FiscalNote Holdings Inc (NOTE) has successfully reduced its senior term loans by $96 million since December 2023, leading to a decrease in cash interest expense.
The launch of the PolicyNote platform has been well-received, with increased customer engagement and a positive impact on user experience.
The company is seeing strong pipeline growth, particularly in Europe, and has doubled pipeline creation compared to the same period in 2024.

Negative

Annual recurring revenue (ARR) has not yet resumed growth, with Q1 2025 ARR at $88 million, down from $94 million in 2024.
Net revenue retention decreased to 93% in Q1 2025 from 96% in the prior year, reflecting underperformance at the end of 2024.
The company experienced a $4 million decrease in revenue compared to the prior year, primarily due to divestitures.
Gross margins on a GAAP basis decreased by 200 basis points due to sunset products and higher amortization expenses.
The revenue guidance for Q2 2025 is projected to be lower than Q1 levels, primarily due to recent divestitures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NOTE.N - Fiscalnote Holdings Inc
Q1 2025 FiscalNote Holdings Inc Earnings Call
May 12, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good evening. My name is Pam and I will be a conference operator today. At this time, I would like to welcome everyone to the fiscal Noe Holdings Incorporated first quarter 2025 Financial results conference call.

All lines have been placed on mute to prevent any background noise after the speaker's remarks, there will be a question and answer session.

If you would like to ask a question during this time, simply press star, followed by the number 1 on your telephone keypad. If you would like to withdraw your question, press the pound key.

Thank you. With that, I would now like to turn it over to the company to begin the conference.

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