FiscalNote Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 12, 2024
NOTE$0.01+4.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
(in thousands, except shares and per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Subscription | $27,238 | $30,057 | $84,015 | $87,986 |
| Advisory, advertising, and other | 2,201 | 3,952 | 6,782 | 10,394 |
| Total revenues | 29,439 | 34,009 | 90,797 | 98,380 |
| Operating expenses: (1) | ||||
| Cost of revenues, including amortization | 6,235 | 10,441 | 20,342 | 28,863 |
| Research and development | 3,250 | 4,540 | 9,935 | 14,170 |
| Sales and marketing | 9,068 | 11,235 | 27,484 | 35,222 |
| Editorial | 4,639 | 4,516 | 13,752 | 13,533 |
| General and administrative | 10,622 | 14,418 | 37,958 | 48,813 |
| Amortization of intangible assets | 2,436 | 2,899 | 7,541 | 8,614 |
| Impairment of goodwill | - | - | - | 5,837 |
| Transaction (gains) costs, net | - | (579) | (4) | 1,138 |
| Total operating expenses | 36,250 | 47,470 | 117,008 | 156,190 |
| Operating loss | (6,811) | (13,461) | (26,211) | (57,810) |
| Gain on sale of business (Note 4) | - | - | (71,599) | - |
| Interest expense, net | 5,585 | 8,018 | 18,267 | 21,853 |
| Change in fair value of financial instruments | 3,501 | (7,157) | 3,174 | (18,850) |
| Loss on settlement | - | - | - | 3,474 |
| Other (income) expense, net | (341) | 207 | (82) | 245 |
| Net (loss) income before income taxes | (15,556) | (14,529) | 24,029 | (64,532) |
| (Benefit) provision from income taxes | (621) | (62) | 1,129 | 181 |
| Net (loss) income | (14,935) | (14,467) | 22,900 | (64,713) |
| Other comprehensive income (loss) | 1,123 | (1,006) | 1,062 | (1,037) |
| Total comprehensive (loss) income | $(13,812) | $(15,473) | $23,962 | $(65,750) |
| Earnings (loss) per share attributable to common shareholders (Note 14): | ||||
| Basic and Diluted | $(0.11) | $(0.11) | $0.17 | $(0.49) |
| Weighted average shares used in computing earnings (loss) per share attributable to common shareholders: | ||||
| Basic and Diluted | 135,050,093 | 128,832,502 | 135,160,124 | 131,994,563 |
(1) Amounts include stock-based compensation expenses, as follows:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Cost of revenues, including amortization | $116 | $45 | $324 | $185 |
| Research and development | 454 | 328 | 1,138 | 1,080 |
| Sales and marketing | 486 | 1,041 | 1,182 | 1,718 |
| Editorial | 200 | 120 | 465 | 292 |
| General and administrative | 2,925 | 4,690 | 10,776 | 14,937 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.