FiscalNote sees FY23 revenue $136M-$141M, consensus $138.39M

Total run-rate revenue of $148 million to $155 million representing growth of 17% to 22% over the prior year inclusive of the Company’s recent acquisition of Dragonfly Eye, Ltd. and growth of 10% to 16% over the prior year on an organic basis. An adjusted EBITDA loss of $8 million to $6 million for the year, marking an improvement of approximately 71% year-over-year. FiscalNote reiterates that it expects to achieve positive Adjusted EBITDA in the fourth quarter of 2023 and ongoing positive adjusted EBITDA beyond this milestone.