FiscalNote Holdings, Inc. (NYSE:NOTE) Q4 2022 Earnings Conference Call March 28, 2023 10:00 AM ET

Company Participants

Sara Buda - Vice President of Investor Relations

Timothy Hwang - Chairman, Co-Founder & Chief Executive Officer

Jon Slabaugh - Chief Financial Officer

Josh Resnick - President & Chief Operating Officer

Conference Call Participants

Matt VanVliet - BTIG

Mike Latimore - Northland Capital Markets

Rudy Kessinger - D.A. Davidson

Operator

Good morning, and welcome to FiscalNote’s Q4 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the call over to Sara Buda, Vice President of Investor Relations. Thank you. Please go ahead.

Sara Buda

Hi everybody, welcome to the FiscalNote Q4 2022 earnings call. During this call, we may make statements related to our business that are forward-looking statements under federal securities laws. These statements are not guarantees of future performance but are rather subject to a variety of risks and uncertainties. Our actual results could differ materially from expectations reflected in any forward-looking statements. For a discussion of material risks and other important factors that could affect our actual results, please refer to our SEC filings available on the SEC's EDGAR system and our website as well as the risks and other important factors discussed in today's earnings release. Additionally, non-GAAP financial measures and other KPIs will be discussed on this conference call. Please refer to the tables in our earnings release and the Investor Relations portion of our website for a reconciliation of these measures to their most directly comparable GAAP financial measure.

With that, I'd like to turn the call over to FiscalNote’s Chairman, CEO and Co-Founder, Tim Hwang.

Timothy Hwang

Thanks, Sarah. Thank you for joining us this morning. On today's call, I will review our fourth quarter and full year results for 2022 and offer some perspective on the fundamentals of our business as we build an enduring growth company with compounding subscription revenue growth, strong gross margin and over time, an impressive free cash flow model. I'll then turn it over to our CFO, Jon Slabaugh, to talk about the details of our financials and our outlook for the year as we swiftly move towards the inflection point of profitability.

Before I begin, as many of you are new to the FiscalNote story, let me start with an overview of who we are and what we do. At FiscalNote, we're on a mission to help our customers make sense of a complicated and constantly changing world we live in. We do this by delivering a proprietary SaaS platform that uses artificial intelligence to collect, analyze and synthesize massive amounts of regulatory, legal and policy information. We then apply human intelligence and workflows to make this data usable and actionable for our customers. Changes in policies, regulations and laws impact the decision-making of almost every organization around the world from changes in regulation, the mandatory reporting requirements to the organizations must comply with often on a global basis. As such, we're building an enduring company for the world's most important and influential decision-makers.