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FiscalNote (NYSE: NOTE) Accelerates Towards Profitability As Q2 Earnings Showcase Healthy Revenue Growth, Expects Adjusted EBITDA Profitability Earlier Than Expected

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–News Direct–

By Jad Malaeb, Benzinga

FiscalNote Holdings Inc. (NYSE: NOTE) has once again exhibited its prowess with the release of its Q2 2023 earnings report. The company's consistent growth is evidenced by notable financial achievements, strategic strides and technological innovations.

Below are some highlights from FiscalNotes results:

  • Revenue: The company witnessed a notable 21% increase in revenue compared to the same period last year, highlighting its unwavering dedication to driving growth and delivering value to its stakeholders. Subscription revenue which comprises approximately 90% of total revenue also grew 21% year-over-year.

  • Gross Profit: FiscalNote maintained a solid gross profit margin of 80% on a non-GAAP adjusted basis, a testament to its efficient operational management and commitment to sustainable growth.

  • Adjusted EBITDA Loss: The company narrowed its Adjusted EBITDA loss to $4.3 million as it continues to accelerate toward profitability, with company guidance indicating positive Adjusted EBITDA of $0.2 million to $1.0 million in Q3 2023. FiscalNote reports that it has implemented efficiency programs that are expected to significantly benefit Adjusted EBITDA in the 2H of 2023.

  • Cash + Cash Equivalents: With cash and cash equivalents totaling $38.1 million and approximately $94 million of additional debt capacity, FiscalNote seems well-positioned to support its current growth plans and M&A opportunities without requiring additional capital raises to achieve its plan.

Tim Hwang, CEO of FiscalNote, expressed his satisfaction with the company's performance, saying, "We are pleased to report another quarter of strong financial results, reflecting our dedication to innovation and client-focused solutions. Our team's hard work and commitment have contributed to these impressive numbers."

The results reflect ongoing demand for FiscalNotes trusted, AI-enabled policy and market intelligence that empowers organizations to mitigate risk and navigate their businesses.

FiscalNote's dedication to innovation is evident in its advancements in AI technology. The company has strategically partnered with OpenAIs ChatGPT and Microsofts (NASDAQ: MSFT) new AI-powered Bing, leveraging Microsoft's Azure cloud platform to deliver even more powerful insights and predictive analytics to clients.

The company's AI innovations extend to its breakthroughs in natural language processing (NLP) and machine learning algorithms. These advancements have enabled FiscalNote to provide clients with deeper insights into regulatory trends and developments, empowering them to make informed decisions in complex and rapidly changing environments.

In addition to technological advancements, FiscalNote has achieved several noteworthy operational and business milestones:

  • Global Expansion: FiscalNote has expanded its global reach by establishing a presence in key international markets, enabling it to better serve clients across the world and provide tailored solutions to regional regulatory challenges.

  • Strategic Acquisitions: The company's strategic acquisitions have bolstered its portfolio and strengthened its capabilities, allowing it to offer a comprehensive suite of solutions to clients seeking to navigate regulatory complexities.

  • Enhanced Client Engagement: FiscalNote's dedication to superior customer service has led to the development of innovative AI-driven tools such as FiscalNoteGPT that empower clients to access real-time regulatory information, ensuring they remain well-informed and agile in their decision-making.

For more information about FiscalNote's Q2 2023 financial results, view the official press release here.

This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice.

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View source version on newsdirect.com: https://newsdirect.com/news/fiscalnote-nyse-note-accelerates-towards-profitability-as-q2-earnings-showcase-healthy-revenue-growth-expects-adjusted-ebitda-profitability-earlier-than-expected-541997907

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Press Release

GAGOPA is Healing the World with Herbal Ingredients Gagopa Healing Foods Global Journey

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Changwon-si, Gyeongsangnam-do, Korea South, 7th Oct 2024 – As the world emerges from the COVID-19 pandemic, the concept of “healing” has become central to many people’s lives. With increasing interest in health and wellness, GAGOPA (Gagopa Healing Food) has positioned itself as a global leader, offering true healing through traditional Korean medicine and herbal products.

GAGOPA (Gagopa Healing Food) specializes in producing herbal ingredients and teas using wild herbs sourced from Korea’s mountains and fields. CEO Yoon Geum-jeong comes from a family deeply rooted in herbal medicine—her grandmother ran a traditional herbal medicine shop, and her mother supplied herbal products to department stores. Continuing this family tradition, Yoon founded GAGOPA (Gagopa Healing Food) in 2005, launching products in Shinsegae Department Store. Since then, the company has expanded its distribution network to major retailers such as Lotte Mart, Lotte Department Store, and Nonghyup Hanaro Mart.

In 2016, GAGOPA (Gagopa Healing Food) entered the international market, exporting products to Southeast Asia, including China, Japan, Vietnam, and Singapore. Today, its reach extends to North America and Australia, with sugar-free herbal liquid concentrates alone generating over $500,000 in annual exports.

The sugar-free herbal liquid concentrate line consists of six varieties, all made with fresh, high-quality Korean ingredients. Popular in Southeast Asia, ginseng is one of the main ingredients, and the products are naturally sweetened with honey and oligosaccharides, catering to health-conscious consumers worldwide.

In addition to herbal concentrates, GAGOPA (Gagopa Healing Food) offers a wide range of convenient health food kits, such as the signature “Samgyetang Kit” (Ginseng Chicken Soup Kit), which includes premium medicinal herbs, perfect for busy consumers who value both health and convenience.

Furthermore, GAGOPA (Gagopa Healing Food) is well known for its herbal tea bags and organic tea bags. The herbal teas, made from wild herbs, allow consumers to enjoy the natural flavor and benefits of each ingredient, while the organic tea bags are designed to prioritize both environmental sustainability and health, appealing to eco-conscious consumers.

The company has earned numerous global certifications, including FDA approval, Halal, and Kosher certifications, and domestically, GAGOPA (Gagopa Healing Food) holds HACCP, Organic Certification, and Women’s Friendly Business Certification.

GAGOPA (Gagopa Healing Food) continues to innovate with its in-house research and development (R&D) lab, which conducts ongoing research on wild herbs. Collaborating with local universities and integrating advanced technologies from international partners, the company remains committed to innovation and product development.

GAGOPA (Gagopa Healing Food)’s dedication to traditional herbal ingredients, innovative product development, and global wellness has positioned it as a leader in the herbal food industry, providing healing and health solutions to consumers around the world.

Learn more at: https://www.gagopahealingfood.co.kr/

Media Contact

Organization: Gagopa Healing Food

Contact Person: Chaekyung Yu

Website: https://www.gagopahealingfood.co.kr/

Email: Send Email

City: Changwon-si

State: Gyeongsangnam-do

Country: Korea South

Release Id: 07102417923

The post GAGOPA is Healing the World with Herbal Ingredients Gagopa Healing Foods Global Journey appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Nextshoess: Dominating the Sneaker Game with Over 50,000 Instagram Followers and Premium Selections

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Auckland, NZ, 6th October 2024, ZEX PR WIRE, Nextshoess, one of the fastest-growing online sneaker platforms, has quickly risen to prominence in the global sneaker community. With over 50,000 Instagram followers and a thriving customer base of more than 20,000 clients worldwide, Nextshoess is making waves as the go-to destination for sneaker enthusiasts seeking bold, fashionable designs at accessible prices.

Launched in April 2017, Nextshoess began with a simple dream: to create a platform that not only sold trendy sneakers but also fostered a community of like-minded individuals who share a passion for footwear. The founders recognized several challenges in the online sneaker market, particularly when it came to quality, customer service, and product authenticity. With this in mind, they made it their mission to revolutionize the industry, promising to put the needs of customers first, even at a higher cost.

A Mission to Redefine Sneaker Shopping

At its core, Nextshoess is driven by a simple philosophy: every step you take should come with personality. The brand curates a wide selection of high-quality sneakers from premium brands like Nike, Air Jordan, and Yeezy, ensuring that customers not only look stylish but also receive products that stand the test of time. From classic designs to limited-edition releases, Nextshoess has something for everyone, regardless of their fashion preferences.

However, what truly sets Nextshoess apart from its competitors is its commitment to building a community. By fostering a loyal following on social media, particularly Instagram, the brand has created a space where sneaker lovers from around the world can come together to share their love for shoes, discuss the latest trends, and engage with the brand on a personal level.

Customer-Centric Approach

In an industry where fast fashion often leads to compromises on quality, Nextshoess prides itself on offering premium products while maintaining a high standard of customer service. The company works closely with trusted retailers and boutiques globally to ensure that every order is fulfilled with care and precision. This means that customers can expect their sneakers to arrive on time and in pristine condition, every time.

“We understand that delivering high-quality service comes at a higher cost on our side, but it’s a responsibility we’re more than willing to take for our community,” said a spokesperson for Nextshoess. “Our customers are our top priority, and we want them to have a seamless, enjoyable shopping experience from start to finish.”

A Growing Global Presence

With its headquarters in Auckland, New Zealand, Nextshoess has built a global footprint, delivering sneakers to customers across the world. The brand’s focus on premium shipping and packaging ensures that products arrive safely, regardless of distance. The company’s carefully curated sneaker collection caters to both men and women, offering timeless designs that appeal to fashion-forward individuals of all ages.

What’s Next for Nextshoess?

As the sneaker industry continues to evolve, Nextshoess remains committed to staying ahead of the curve. The company is constantly expanding its product offerings, working with new partners, and exploring innovative ways to enhance the customer experience.

For more information, visit Nextshoess.co.nz and browse the latest collection of premium sneakers.

Press Contact: Nextshoess 

www. nextshoess.co.nz

Mount Wellington, Auckland 1060, New Zealand

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Press Release

Dubai’s Ultimate Blockchain Event to Unite Visionary Innovators and Global Leaders

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Dubai, United Arab Emirates, 6th October 2024, ZEX PR WIREFuture Blockchain Summit 2024, the region’s most immersive large-scale blockchain event, is set to take place at the iconic Dubai Harbour from October 13-16, 2024. As the premier event in MENA, it will bring together more than 1200 investors, 120 exhibitors, and 150+ speakers from over 50 countries, uniting the blockchain and crypto ecosystem under one roof. This year’s event will be a hub for groundbreaking ideas and collaborations designed to shape the future blockchain technology and its impact on global industries.

Dubai, recognized as a global Web3 hub, offers a fertile ground for blockchain innovation, thanks to its forward-thinking government policies, comprehensive regulatory framework, and access to capital. Since its inception in 2018, aligned with the Dubai Blockchain Strategy and Emirates Blockchain Strategy, the Future Blockchain Summit has become the region’s flagship event for blockchain, spanning the vibrant tech markets of the Middle East, Africa, and Asia.

Peter Brady, Associate Vice President Technology Cluster at Dubai World Trade Centre, remarked, “Future Blockchain Summit 2024 will once again serve as a dynamic platform designed to empower disruptors and ignite sector growth. We are excited to bring together the brightest minds and leaders to foster collaboration, inspire transformation, and solidify Dubai’s position as a global hub for blockchain innovation.”

The 2024 edition will offer groundbreaking discussions on the convergence of blockchain with AI, the Internet of Things (IoT), and extended reality (XR). Leaders and innovators from Europe and North Africa will dive into how these combined technologies are transforming industries. Attendees will also gain invaluable insights on:

  • The rise of non-fungible tokens (NFTs) in protecting digital assets and reshaping ownership models.

  • Tokenization of traditional assets and the explosion of decentralized finance (DeFi), a force set to disrupt financial markets and create new investment avenues.

  • Digital identities in the Web3 era, a critical topic addressed by Brian Rose, Founder & Host of London Real, and Raido Saar, President of the Estonian Web3 Chamber. This session will explore how blockchain enables self-sovereign identities, empowering users to control their personal data and digital presence.

Key discussions will include Sebastien Borget, Co-Founder & COO of The Sandbox, and Yat Siu, Co-Founder & Executive Chairman of Animoca Brands, during the “Into the Metaverse” panel. They will delve into the impact of blockchain on gaming, community-driven ecosystems, and the role of AI, VR, and AR in creating next-gen gaming experiences. The future of decentralized game development and the rise of esports will also be explored, providing attendees with a comprehensive look at the future of the gaming industry.

Another must-attend session is the “Navigating Global Regulations” panel, which will compare regulatory frameworks across the US, Europe, and Asia, while emphasizing the role of compliance tools and regulatory sandboxes in enabling experimentation and cross-border collaboration.

Sponsors for this year’s summit include Bitpanda, Coin W, DMCC, Fastex, Toobit, Sui, Coindesk Indices, M2, Fasset, and others, all of whom are at the forefront of blockchain innovation.

For more information about the summit and agenda, visit www.futureblockchainsummit.com/

About Future Blockchain Summit

Future Blockchain Summit is the leading blockchain exhibition and MENA region’s most immersive large-scale blockchain event. Capitalising on Dubai’s status as a global Web3 hub, the event will unite the entire blockchain and crypto ecosystem and provide a leading platform to foster collaboration.

Powered by GITEX Global, the seventh edition of Future Blockchain Summit will bring together more than 1200 investors, 150 exhibitors, and 120 speakers from across countries at the iconic Dubai Harbour, from 13-16 October 2024. It will take place alongside GITEX Impact, Expand North Star, FinTech Surge and Marketing Mania.

Expand North Star

Expand North Star 2024, the world’s largest event for start-ups and investors, will bring together leading founders, VCs, tech innovators, and ecosystem enablers to the Dubai Harbour, taking place from 13-16 October 2024. Hosted by the Dubai Chamber of Digital Economy and organised by Dubai World Trade Centre, Expand North Star features four co-located events: GITEX IMPACT, Fintech Surge, Future Blockchain Summit, and Marketing Mania. This 9th edition will welcome over 1,800 global startup exhibitors, 1,200 investors, and 250 speakers from 100 countries. The show is inspired by the world largest tech show, GITEX GLOBAL, which will take place from 14-18 October 2024, at Dubai World Trade Centre. 

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