FiscalNote Holdings Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

FiscalNote Holdings (NYSE:NOTE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$29.4m (down 13% from 3Q 2023).
• Net loss: US$14.9m (loss widened by 3.2% from 3Q 2023).
• US$0.11 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

FiscalNote Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are down 15% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for FiscalNote Holdings (of which 1 can't be ignored!) you should know about.

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