FiscalNote Holdings reports 69% growth in run-rate revenue, reaffirms outlook

  • FiscalNote Holdings has reported preliminary results with run-rate revenue of $109M (+69% Y/Y) for FY21, above the company's guidance of $108M.
  • Organic run-rate revenue rose 12% for the year.
  • Q4 net revenue retention rate was 98.2%, up 0.9% Y/Y.
  • FY 2022 Outlook: The company reaffirms its previous run-rate revenue guidance of $173M (+58% Y/Y). Organic revenue growth is expected to increase to approximately 25% to 30% by the year-end.
  • The company projects of achieving positive adjusted EBITDA within 2023.
  • "We have increased investments in high-growth business lines which are translating into accelerating organic growth," said FiscalNote CEO Josh Resnik.
  • FiscalNote is a Washington-based technology company that is to go public via a reverse merger deal with SPAC Duddell Street Acquisition (NASDAQ:DSAC) at ~$1.3B valuation.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.