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Earnings Call Summary | FiscalNote Holdings(NOTE.US) Q1 2024 Earnings Conference

Earnings Call Summary | FiscalNote Holdings(NOTE.US) Q1 2024 Earnings Conference

财报电话会议摘要 | FiscalNote Holdings (NOTE.US) 2024 年第一季度财报会议
富途资讯 ·  05/12 15:36  · 电话会议

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

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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