Narratives are currently in beta
Risks
Stock appears to be risky if the company does not change its course from dipping below $1. Many software plays have found themselves stuck in the $1-2 range languishing without direction.
As a brand FiscalNote does have a strong market presence with NOTE as a ticker, and a compelling name but the Gen AI angle may have seemed shoehorned in 5 years back. Today, FiscalNote has multiple products in play, and thus a team that must know its way around AI product engineering.
At the same time, the business side of product management needs to realign its vision to combat the price criticisms, and partner with marketing to find ways to generate push-back on some of its price-pain for smaller customers. A careful level of discount can be applied charitably to increase the number of lips that speak highly and any adoption leads to a larger workforce familiar with the tools they offer.
One downside is the lack of profitability, which should be a core focus to keep the stock healthy and above listing minimums. I feel with 600 employees in more than a half dozen cities, the company's raw assets shouldn't be overlooked, but human resources can churn and attrition can weaken a company's identity. Management should look to secure longer term relationships, internally as well as externally, but that's just my opinion.
The Q1/Q2 2025 story of this is stock is: What will happen after the March earnings call? Will we see it derail a recent Q1 2025 bull cycle into a pop and flop, or will the narrative of the company's Gen AI play help put it among the want-to-haves in the AI tech space?
How well do narratives help inform your perspective?
