FiscalNote Holdings, Inc. (NOTE) Reports Q1 Loss, Tops Revenue Estimates

Core Insights - FiscalNote Holdings, Inc. reported a quarterly loss of $0.12 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.10, marking an earnings surprise of -20% [1] - The company generated revenues of $27.51 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 4.21%, but down from $32.11 million year-over-year [2] - The stock has declined approximately 37.6% since the beginning of the year, contrasting with the S&P 500's decline of -3.8% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.09 on revenues of $22.64 million, and for the current fiscal year, it is -$0.26 on revenues of $96.22 million [7] - The estimate revisions trend for FiscalNote Holdings, Inc. is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Technology Services industry, to which FiscalNote belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Another company in the same industry, Knightscope, Inc., is expected to report a quarterly loss of $1.47 per share, reflecting a year-over-year change of +63.3%, with revenues projected at $2.68 million, up 19.1% from the previous year [9]