FiscalNote reports Q1 EPS 37c, consensus (17c)

Reports Q1 revenue $32.11M, consensus $31.11M. “The performance in the first quarter was a good start to the year and reflects initial progress following our strategic initiatives throughout 2023 to rationalize our cost structure, divest non-core assets, and tighten the focus of our product mix,” said Tim Hwang, Chairman, CEO, and Co-founder of FiscalNote. “The Company continues to solidify its leadership position in the global policy, risk mitigation, and market intelligence sector and, year to date, we have realized a large number of impactful operational and business successes, most notably our recent series of new product launches and updates. We are well positioned to further execute on our growth strategy, continue launching innovative AI products – including our recently-announced FiscalNote Global Intelligence Copilot – that deliver deep insights to our customers, and deliver on our profitability plans across the remainder of 2024 and beyond.”