FiscalNote Holdings, Inc. reported its financial results for the first quarter ended March 31, 2025, revealing total revenues of $27.5 million, which exceeded expectations. The company also reported an adjusted EBITDA of $2.8 million, highlighting improved operating leverage and expanding margins. This performance was attributed to diligent expense management and efficiency initiatives. The company reaffirmed its full-year 2025 guidance, projecting total revenues of $94-$100 million and adjusted EBITDA of $10-$12 million. This outlook remains unchanged despite the financial impact of the divestiture of its Australia-based subsidiary, TimeBase. FiscalNote continues to execute its strategy focused on product-led growth and operational discipline, with CEO Josh Resnik emphasizing the company's confidence in its continued progress towards sustainable growth. In operational updates, FiscalNote announced the closure of divestitures of Oxford Analytica and Dragonfly Intelligence and plans to sell TimeBase, aimed at strengthening the company's balance sheet. The Board of Directors is reviewing strategic options to maximize shareholder value.
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