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WASHINGTON - FiscalNote Holdings, Inc. (NYSE:NOTE), an AI-driven enterprise SaaS technology provider with a market capitalization of $167 million, has announced its return to compliance with the New York Stock Exchange’s (NYSE) minimum share price requirement. The company’s stock closed at or above $1.00 for the past 30 trading days as of January 31, 2025, satisfying the standard set by Section 802.01C of the NYSE Listed Company Manual. The stock has shown strong momentum, delivering a 10% return year-to-date despite recent volatility.
This development follows FiscalNote’s efforts to enhance its product offerings, such as the introduction of PolicyNote, and drive profitability while reducing debt. According to InvestingPro data, the company maintains impressive gross profit margins of nearly 75%, though it operates with significant debt obligations. The company’s commitment to these strategies has been reiterated by CEO and President Josh Resnik, who expressed confidence in the company’s plan for 2025 and beyond.
FiscalNote’s customer base includes over 4,000 global entities across various sectors, relying on the company’s insights and intelligence spanning more than 80 countries. The company’s focus remains on delivering value to shareholders and results to customers, leveraging its suite of policy management solutions to optimize workflows and provide essential insights. For detailed analysis and 12 additional exclusive insights about FiscalNote, visit InvestingPro, where you’ll find comprehensive research reports and Fair Value assessments.
The NYSE will continue to list FiscalNote shares, contingent upon the company’s ongoing adherence to all applicable listing standards. FiscalNote’s latest investor presentations and company overview are available in the "Events & Presentations" section of their Investor Relations website.
The information in this article is based on a press release statement from FiscalNote.
In other recent news, FiscalNote Holdings, Inc. has made significant changes to its Long-Term Incentive Plan (LTIP) and awarded its CFO, Jon Slabaugh, stock units valued at $1 million. These adjustments, approved by stockholders, aim to align the interests of key executives with those of shareholders. The company has also seen positive financial performance in its third quarter of 2024, marking the fifth consecutive quarter of positive adjusted EBITDA.
FiscalNote has raised its 2024 forecast to $9 million and reported a total revenue of $29.4 million in the third quarter. However, due to divestitures, the company has revised its total revenue expectations for 2024 to $120 million.
CEO Tim Hwang is transitioning to Executive Chairman to focus on strategic initiatives, and President and COO Josh Resnik is set to take over leadership. Analysts from InvestingPro noted the company’s challenging debt-to-equity ratio of 1.83. These are some of the recent developments shaping FiscalNote’s strategic and financial trajectory.
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