: FiscalNote Holdings Reports Q1 2023 Net Loss Amidst Decline in Revenues
Revenue Figures Dip in Q1 2023 for FiscalNote Holdings, While Net Loss is Recorded
FiscalNote Holdings, Inc.(NOTE), a leading provider of solutions f or government affairs and compliance professionals, has released its unaudited condensed consolidated financial statements for the first quarter of 2023. The financial data reveals a challenging quarter for the company, with a decrease in revenue compared to the previous year's Q1 results, resulting in a net loss for the quarter.
Net Loss Headline
FiscalNote Holdings, Inc. faced financial headwinds in the first quarter of 2023, reporting a net loss of $19.3 million. This loss marked a significant downturn compared to the same period in the previous year. The company's financial performance was impacted by various factors, including changes in operating expenses and the valuation of financial instruments.
