🔴 FiscalNote is trading 11.73% down today after lowered revenue and EBITDA guidance

FiscalNote is trading down 11.73% now at $0.07 after continued pressure following its August 10 earnings report.

• Q2 revenue fell 16% year over year to $19.6 million, while adjusted EBITDA missed guidance.
• FiscalNote cut full-year revenue guidance to $75–$78 million from $80–$83 million and adjusted EBITDA guidance to $9–$11 million from $14–$16 million.
• No new August 17 company-specific catalyst was identified.