FiscalNote Reaffirms Revenue Outlook Amid Strategic Initiatives

Published 7 hours agoNOTE

FiscalNote Reaffirms Revenue Outlook Amid Strategic Initiatives

FiscalNote has confidently reaffirmed its revenue outlook for 2025 while intensifying its focus on migration and debt reduction strategies. In the fourth quarter of 2024, the company exceeded its previous guidance, reporting total revenues of $29.5 million and an adjusted EBITDA of $3.3 million. This achievement marks the sixth consecutive quarter of positive adjusted EBITDA, highlighting a 10% improvement compared to the previous year.

Efforts to streamline operations have also been fruitful, with a significant 44% reduction in senior debt over the past year. The expected closing of a $40 million deal to sell Oxford Analytica and Dragonfly Intelligence to Dow Jones by March 2025 will further enhance FiscalNote's balance sheet. Reuters noted that these moves are part of a broader strategy to divest non-core assets and strengthen the company's focus on its core policy platform.

Looking ahead, FiscalNote is in the process of migrating its users to the newly launched AI-driven PolicyNote platform, which aims to boost customer engagement and drive revenue growth in the years to come. For 2025, the company projects revenues between $94 million and $100 million, alongside an anticipated adjusted EBITDA ranging from $10 million to $12 million. These strategic initiatives are a testament to FiscalNote's dedication to financial robustness and streamlining its operations towards core policy solutions.

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