NOTE Latest Report

Financial Performance

FiscalNote Holdings recorded a total operating revenue of RMB294.69 million as of December 31, 2024, a YoY decrease of 14.06% from RMB342.65 million as of December 31, 2023. This change reflects the challenges faced by the company in revenue generation, which may affect its overall profitability and market performance.

Key Financial Data

1. A 14.06% decrease in total operating revenue indicates pressure from market demand and economic environment.

2. Intensified competition prevents the company from effectively maintaining its market share, affecting revenue performance.

3. There may be short-term revenue impacts from product or service adjustments.

4. Macro-economic factors such as overall economic slowdown lead to reduced customer spending, affecting operating revenue.

5. Internal management issues may have affected the company's revenue generation capabilities.

Peer Comparison

1. Industry-wide analysis: FiscalNote's industry is undergoing a shift from traditional legal and compliance information services to broader data analytics and software solutions. Changes in overall market demand directly impact the company's operating revenue.

2. Peer evaluation analysis: FiscalNote's revenue decline is more pronounced compared to other companies in the same industry, especially when some peers achieve small revenue growth, indicating FiscalNote's relative disadvantage in the market.

Summary

FiscalNote Holdings' operating revenue significantly decreased in 2024, mainly affected by changes in market demand, competition, product adjustments, and macro-economic factors. Although the company has taken some measures, its overall performance still failed to meet market expectations, and it needs to continue optimizing its product and market strategies to restore revenue growth in the future.

Opportunities

1. Introducing new products (such as StressLens and Copilot tools) to enhance the efficiency of customer workflows may promote revenue recovery.

2. Optimizing product mix and market strategies can enhance customer stickiness and satisfaction.

3. Seizing the opportunity of increased demand for data analytics and software solutions during industry transformation can expand market share.

4. Implementing a "revenue-based" financial management strategy to ensure liquidity to support long-term development.

Risks

1. If market demand continues to shrink, it may lead to further revenue decline, affecting the company's overall financial condition.

2. Continuous innovation and market expansion by competitors may further compress FiscalNote's market share.

3. Failure to address internal management issues in a timely manner may affect the company's operational efficiency and profitability.

4. Global economic fluctuations and policy uncertainties may pose additional risks to the company's business operations.