FiscalNote Holdings Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
NOTE$0.01+4.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss
(in thousands, except shares and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues: | ||
| Subscription | $29,626 | $28,467 |
| Advisory, advertising, and other | 2,486 | 3,062 |
| Total revenues | 32,112 | 31,529 |
| Operating expenses: (1) | ||
| Cost of revenues | 7,244 | 8,937 |
| Research and development | 3,480 | 5,120 |
| Sales and marketing | 9,415 | 12,298 |
| Editorial | 4,660 | 4,265 |
| General and administrative | 16,076 | 18,221 |
| Amortization of intangible assets | 2,685 | 2,814 |
| Impairment of goodwill | - | 5,837 |
| Transaction (gains) costs, net | (4) | 1,408 |
| Total operating expenses | 43,556 | 58,900 |
| Operating loss | (11,444) | (27,371) |
| Gain on sale of business (Note 4) | (71,599) | - |
| Interest expense, net | 7,362 | 6,681 |
| Change in fair value of financial instruments | 527 | (14,680) |
| Other expense (income), net | 241 | (129) |
| Net income (loss) before income taxes | 52,025 | (19,243) |
| Provision from income taxes | 1,426 | 30 |
| Net income (loss) | 50,599 | (19,273) |
| Other comprehensive income (loss) | 5,591 | (359) |
| Total comprehensive income (loss) | $56,190 | $(19,632) |
| Earnings (Loss) per share attributable to common shareholders (Note 14): | ||
| Basic | $0.39 | $(0.14) |
| Diluted | $0.37 | $(0.14) |
| Weighted average shares used in computing earnings (loss) per share attributable to common shareholders: | ||
| Basic | 130,712,032 | 133,082,639 |
| Diluted | 146,027,085 | 133,082,639 |
(1) Amounts include stock-based compensation expenses, as follows:
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cost of revenues | $101 | $58 |
| Research and development | 310 | 390 |
| Sales and marketing | 426 | 360 |
| Editorial | 100 | 66 |
| General and administrative | 5,238 | 5,632 |
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