FiscalNote

Runway Growth Finance Corp. Provides First Quarter 2024 Portfolio Update

Retrieved on: 
Tuesday, April 9, 2024
Completion, Communication, Environment, Human, FiscalNote, Woman, Credit, Investment, Partial, Madison Reed, ETR

MENLO PARK, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the first quarter ended March 31, 2024.

Key Points: 
  • MENLO PARK, Calif., April 09, 2024 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the first quarter ended March 31, 2024.
  • The team is in a strong position to drive performance with ample capital to execute against our long-term growth strategy and deliver shareholder value.”
    In the first quarter of 2024, Runway Growth funded two investments: one investment in a new portfolio company and one investment in an existing portfolio company.
  • During the first quarter ended March 31, 2024, Runway Growth experienced two prepayments totaling $34.5 million and scheduled principal amortization of $0.4 million.
  • As of March 31, 2024, the Runway Growth portfolio included 47 debt investments to 30 portfolio companies and 80 equity investments in 49 portfolio companies, including 26 portfolio companies where Runway Growth holds both a debt and equity investment.

FiscalNote Announces Fourth Quarter and Full Year 2023 Financial Results; Exceeds Adjusted EBITDA Expectations

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Data Management, Security, Data Analytics, Technology, Software, Artificial Intelligence, Slate, Software as a service, ARR, Disclosure, LLM, Ernst & Young, Investment, European Parliament, Microsoft, SIAS, Committee, Partnership, Policy, Bell, IRR, Centerview Partners, Microsoft Bing, Organization, Intelligence, Acquisition, AI, Adjustment, Credit, European, GAAP, Public sector, ChatGPT, Government, OpenAI, Growth, FiscalNote, Ratio, Peraton, API, Patent

The Company’s financial results demonstrate FiscalNote’s strong fundamentals including revenue growth of 17% year-over-year in 2023, high gross margins, a diversified blue chip customer base and positive adjusted EBITDA of approximately $3 million(1) in the fourth quarter of 2023.

Key Points: 
  • The Company’s financial results demonstrate FiscalNote’s strong fundamentals including revenue growth of 17% year-over-year in 2023, high gross margins, a diversified blue chip customer base and positive adjusted EBITDA of approximately $3 million(1) in the fourth quarter of 2023.
  • This compares to revenue of $31.4 million and non-GAAP adjusted revenue of $31.5(1) million in the fourth quarter of 2022.
  • Adjusted EBITDA of $3.0 million(1), above the Company’s guidance range announced in November 2023 of approximately $2.5 million.
  • This is an increase of 157% or $8.2 million year-over-year compared to an adjusted EBITDA loss of $5.2 million(1) in the fourth quarter of 2022.

FiscalNote Announces Sale of Board.Org Community Engagement Platform for up to $103 Million in Total Consideration

Retrieved on: 
Tuesday, March 12, 2024
Software, Technology, Artificial Intelligence, Data Management, Health, Software as a service, FY, Intelligence, FiscalNote, Social media, Policy, LLP, Q4, AI, Earnout, Credit, Adjustment, GAAP, Bank

Board.org was acquired by FiscalNote in 2021 for $10 million in cash and $4.3 million in convertible securities ($14.3 million in total consideration), and operated as an independent product offering of FiscalNote.

Key Points: 
  • Board.org was acquired by FiscalNote in 2021 for $10 million in cash and $4.3 million in convertible securities ($14.3 million in total consideration), and operated as an independent product offering of FiscalNote.
  • “The divestiture of Board.org is a clear illustration of the stark undervaluation of FiscalNote in the public markets.
  • “Over our three-year ownership period, FiscalNote meaningfully grew Board.org, launched new communities, and drove new innovation in community engagement, resulting in market share growth and sustained leadership within its niche market.
  • “In 2023 we reached the inflection point of Adjusted EBITDA profitability, rationalized our product portfolio, and aligned our sales and operations.

FiscalNote to Report Full Year and Fourth Quarter 2023 Financial Results on March 12

Retrieved on: 
Friday, March 8, 2024
Professional Services, Data Management, Security, Technology, Software, Consulting, Artificial Intelligence, FiscalNote

(NYSE: NOTE) ("FiscalNote"), a leading AI-driven enterprise technology provider of global policy and market intelligence, today announced it will report financial results for Full Year 2023 and the Fourth Quarter ended December 31, 2023 on Tuesday, March 12, 2024 prior to market open.

Key Points: 
  • (NYSE: NOTE) ("FiscalNote"), a leading AI-driven enterprise technology provider of global policy and market intelligence, today announced it will report financial results for Full Year 2023 and the Fourth Quarter ended December 31, 2023 on Tuesday, March 12, 2024 prior to market open.
  • FiscalNote will host a conference call on Tuesday, March 12, 2024 at 10:00 a.m. Eastern Time (U.S.) to review the Company's financial results for the fourth quarter and year ended December 31, 2023 and its outlook.
  • To access this call, dial 1 (888) 660-6510 for the U.S. or Canada, or 1 (929) 203-0882 for callers outside the U.S. or Canada with the conference ID 1271923.
  • A live webcast of the conference call will be accessible from the Investor Relations section of FiscalNote's website at https://investors.fiscalnote.com/ , and a recording will be archived and accessible at https://investors.fiscalnote.com/ .

FiscalNote to Present at the 26th Annual Needham Growth Conference

Retrieved on: 
Wednesday, January 17, 2024
Professional Services, Data Management, Data Analytics, Technology, Other Technology, Software, Artificial Intelligence, Entrepreneurship, Needham & Company, Software as a service, Conference, FiscalNote, Policy

FiscalNote Holdings, Inc. (NYSE: NOTE) ("FiscalNote"), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced that CEO, Co-Founder, and Chairman Tim Hwang and other senior executives will present at the 26th Annual Needham Growth Conference at 11:45am ET (US) on Friday, January 19, 2024.

Key Points: 
  • FiscalNote Holdings, Inc. (NYSE: NOTE) ("FiscalNote"), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced that CEO, Co-Founder, and Chairman Tim Hwang and other senior executives will present at the 26th Annual Needham Growth Conference at 11:45am ET (US) on Friday, January 19, 2024.
  • In addition, the Company plans to hold one-on-one virtual meetings with investors.
  • For more information about the conference, please contact representatives at Needham & Company.

Seoul Business Agency (SBA) Hosts Seoul Innovation Forum at CES 2024

Retrieved on: 
Friday, January 19, 2024
Synthetic media, Artificial intelligence, Speech, Multimedia, LG, NCSoft, AI, Ecosystem, Samsung, Exhibition, Generative, FiscalNote, SBA, CES, Organization

Seoul Business Agency organized the Seoul Innovation Forum at CES 2024 in Las Vegas, where panel discussions and panel talks by Korean tech leaders took place.

Key Points: 
  • Seoul Business Agency organized the Seoul Innovation Forum at CES 2024 in Las Vegas, where panel discussions and panel talks by Korean tech leaders took place.
  • SEOUL, South Korea, Jan. 19, 2024 /PRNewswire/ -- Seoul Business Agency (SBA), Seoul's innovation support organization working towards creating a smart city in Seoul, held the Seoul Innovation Forum at CES 2024 in Las Vegas on January 9th (local time).
  • To leverage this global exhibition for the worldwide expansion of Seoul and Seoul-based companies, the city of Seoul and SBA established the CES Seoul Pavilion within CES Eureka Park, consolidating Seoul's leading startup ecosystem.
  • Representatives from Seoul-based major universities (8 institutions) and startup support organizations (4 organizations) who collaborated at CES 2024 Seoul Pavilion also brightened the forum.

FiscalNote Announces Strategic Commercial Partnership to Accelerate Company’s Global AI Co-pilot Program

Retrieved on: 
Monday, December 11, 2023
Legal, Technology, Security, Fintech, Other Technology, Professional Services, Data Analytics, Data Management, Artificial Intelligence, Other Professional Services, NYSE, Policy, Organization, Security (finance), Public expenditure, FiscalNote, Era, Pedigree, Partnership, Growth, AI, Legislation

FiscalNote Holdings, Inc. (NYSE: NOTE) ("FiscalNote"), a leading AI-driven provider of policy and global intelligence, today announced a commercial partnership with Era Global Technologies, LLC (“Era”), a technology-focused investment firm backed by leading, closely-held family enterprises.

Key Points: 
  • FiscalNote Holdings, Inc. (NYSE: NOTE) ("FiscalNote"), a leading AI-driven provider of policy and global intelligence, today announced a commercial partnership with Era Global Technologies, LLC (“Era”), a technology-focused investment firm backed by leading, closely-held family enterprises.
  • This marks continued support from an early-stage investor and strategic advisor to the Company who has been closely aligned with FiscalNote for over five years.
  • Era’s dedicated value-creation platform, Era Catalyst, will be a foundational channel partner, providing distribution support for FiscalNote’s recently-announced AI Co-pilot program.
  • The strategic investment will, in part, fund further capital expenditures and development of FiscalNote’s next generation of AI Co-Pilot capabilities, inclusive of deployments into Era’s network of global companies.

FiscalNote Announces Retention of Financial Advisor by the Special Committee of the Board of Directors

Retrieved on: 
Monday, November 20, 2023
Software, Technology, Artificial Intelligence, Data Management, Slate, Disclosure, Committee, NYSE, Policy, Schedule 13D, FiscalNote, Centerview Partners, Software as a service

FiscalNote Holdings, Inc. (NYSE: NOTE), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, previously announced that the Board of Directors has established a Special Committee (the "Special Committee") to evaluate any proposal it receives from the Company’s CEO and Co-founder, Tim Hwang, regarding a potential go-private transaction, as well as any other transaction proposals submitted to the Company.

Key Points: 
  • FiscalNote Holdings, Inc. (NYSE: NOTE), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, previously announced that the Board of Directors has established a Special Committee (the "Special Committee") to evaluate any proposal it receives from the Company’s CEO and Co-founder, Tim Hwang, regarding a potential go-private transaction, as well as any other transaction proposals submitted to the Company.
  • The Special Committee has now retained Centerview Partners LLC as its independent financial advisor.
  • The Company does not expect to comment further on this unless and until the Special Committee has reviewed and recommended and the Board has approved a specific and viable transaction, or until the Company determines further disclosure is appropriate or required by applicable securities laws.
  • As previously announced, the Special Committee has retained Skadden, Arps, Slate, Meagher & Flom LLP as its independent legal advisor.

FiscalNote Announces Third Quarter 2023 Financial Results and Reaches Adjusted EBITDA Profitability

Retrieved on: 
Tuesday, November 14, 2023
Technology, Security, Other Technology, Professional Services, Software, Data Analytics, Data Management, Other Professional Services, Artificial Intelligence, Slate, EBITDA, Disclosure, Ratio, Natural language processing, Acquisition, NYSE, Policy, NRR, Risk, Information services, KPI-driven code analysis, FiscalNote, European Parliament, NLP, European, Intelligence, ARR, GAAP, Net run rate, Organic, Partnership, Q4, Software as a service, Total, Growth, Committee, AI, FY, LLM, Video game, Cryptocurrency, Music, Fine chemical, Security (finance), Bank, Bookkeeping, Medical device, Chemical, Pharmaceutical industry, Adjustment

These results mark the Company’s first quarter of Adjusted EBITDA profitability, one quarter earlier than initially forecast.

Key Points: 
  • These results mark the Company’s first quarter of Adjusted EBITDA profitability, one quarter earlier than initially forecast.
  • Over one year ago, FiscalNote communicated its goal to be profitable on an adjusted EBITDA basis by the end of 2023.
  • Adjusted EBITDA(2)(6)of approximately $2.5 million for the quarter and an annualized Adjusted EBITDA of approximately $10 million exiting the year.
  • FiscalNote expects adjusted EBITDA profitability moving forward and, over time, expects to achieve adjusted EBITDA and free cash flow margins in line with other information services companies long-term.

FiscalNote and True Digital Group Announce Partnership Using Risk Connector to Provide Banks with Third- and Fourth-Party Vendor Identification and Risk Monitoring

Retrieved on: 
Monday, November 13, 2023
Software, Data Analytics, Artificial Intelligence, Banking, Professional Services, Technology, Online Privacy, Security, NYSE, General counsel, Policy, Risk management, Risk, FiscalNote, Partnership, Software as a service, The Digital Group, AI

The partnership leverages the AI-powered, cutting-edge technology and data analytics capabilities of FiscalNote Risk Connector to furnish True Digital and its bank industry members with an invaluable resource for risk management.

Key Points: 
  • The partnership leverages the AI-powered, cutting-edge technology and data analytics capabilities of FiscalNote Risk Connector to furnish True Digital and its bank industry members with an invaluable resource for risk management.
  • “We are very excited to announce the anchor customer for our transformative, AI-powered FiscalNote Risk Connector product, and to also extend our relationship with True Digital Group into a strategic partnership that can empower thousands of banks and credit unions to make more informed decisions that manage and mitigate vendor and supply chain risks effectively.
  • "This partnership with FiscalNote underscores our commitment to equipping financial institutions with the tools necessary for proactive vendor risk management.
  • Together, the companies aim to provide unparalleled insights and tools that empower the community banking industry to proactively manage vendor risk and ensure the resilience of the financial ecosystem.