Earnings Call Summary | FiscalNote Holdings(NOTE.US) Q1 2024 Earnings Conference
Earnings Call Summary | FiscalNote Holdings(NOTE.US) Q1 2024 Earnings Conference
The following is a summary of the FiscalNote Holdings, Inc. (NOTE) Q1 2024 Earnings Call Transcript:
以下是FiscalNote Holdings, Inc.(注)2024年第一季度财报电话会议记录摘要:
Financial Performance:
财务业绩:
FiscalNote achieved Q1 2024 total revenues of $32 million and an adjusted EBITDA of $1 million.
The divestment of Board.org reduced the company's debt by $65 million and improved the cash position by $15 million.
Recurring streams constitute about 90% of FiscalNote's revenue.
They reported a net income of $50 million, an increase of over $68 million, primarily due to the gain from the sale of Board.org.
The company's total debt has been reduced to $177 million, after a principal repayment of $66 million in the quarter.
FiscalNote has reaffirmed its full-year forecast of total revenues ranging between $123 million-$127 million and an adjusted EBITDA for 2024 of $7 million-$9 million.
FiscalNote在2024年第一季度实现了3200万美元的总收入,调整后的息税折旧摊销前利润为100万美元。
Board.org的撤资使该公司的债务减少了6500万美元,现金状况增加了1500万美元。
经常性直播约占FiscalNote收入的90%。
他们报告的净收入为5000万美元,增长超过6800万美元,这主要是由于出售Board.org的收益。
在本季度偿还了6600万美元的本金之后,该公司的总债务已减少至1.77亿美元。
FiscalNote重申了其全年总收入在1.23亿美元至1.27亿美元之间的预测,2024年调整后的息税折旧摊销前利润为700万至900万美元。
Business Progress:
业务进展:
FiscalNote's AI investment resulted in the creation of the 'FiscalNoteGPT' platform and the Copilot reasoning platform.
AI agents, such as StressLens and the Global Intelligence AI Copilot, have been launched in the Q1 2024 to enhance customer user experience.
The company plans to further invest in the AI copilot range to innovate the legal, regulatory, and geopolitical analysis field.
They followed a product-led growth approach, aiming to appeal to individual users in small to large enterprises.
FiscalNote continues to extend its regional presence, particularly in Europe, focusing on the AI-powered solutions portfolio.
The company has increased its coverage of policy developments in China and Europe, contributing to 15% of total revenue.
Future endeavors include accelerating the use of AI Copilots, integrating acquisitions, and launching other products like StressLens.
FiscalNote的人工智能投资促成了 “FiscalNoteGPT” 平台和Copilot推理平台的创建。
StressLens和全球情报人工智能Copilot等人工智能代理已于2024年第一季度推出,旨在增强客户的用户体验。
该公司计划进一步投资人工智能副驾驶系列,以创新法律、监管和地缘政治分析领域。
他们遵循以产品为导向的增长方法,旨在吸引小型到大型企业的个人用户。
FiscalNote继续扩大其区域影响力,尤其是在欧洲,专注于人工智能驱动的解决方案组合。
该公司扩大了对中国和欧洲政策发展的覆盖范围,占总收入的15%。
未来的努力包括加快AI Copilots的使用、整合收购以及推出其他产品,例如StressLens。
More details: FiscalNote Holdings IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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