FiscalNote Investor Presentation Deck
Q3 2023 Summary - Reconciliation to non-GAAP measures
Adjusted Revenues
The following table presents our calculation of Adjusted Revenues for the periods presented, and a reconciliation of this measure to our GAAP revenues for the same periods:
Three Months Ended September 30,
Six Months Ended June 30,
2023
2022
29
(in thousands)
Subscription revenue
Deferred revenue adjustment
Adjusted subscription revenue
Advisory, advertising, and other revenue
Adjusted revenues
(in thousands)
Adjusted Revenues
Costs of revenue
Amortization of intangible assets
2023
Adjusted Gross Profit
Adjusted Gross Margin
30,057
30,057
3,952
34,009
34,009
(10,441)
4,796
$
28,364
83%
$
2022
26,075
123
26,198
2,996
29,194
Adjusted Gross Profit and Adjusted Gross Profit Margin
The following table presents our calculation of Adjusted Gross Profit and Adjusted Gross Profit Margin for the periods presented
Three Months Ended June 30,
2023
2022
29,194
(8,699)
2,832
$
23,327
80%
$
$
87,986
$
87,986
10,394
98,380
98,380
(28,863)
10,454
$
79,971
81%
Six Months Ended June 30,
2023
2022
73,186
1,853
75,039
9,130
$ 84,169
$
84,169
(23,581)
6,664
67,252
80%
Fiscal NoteView entire presentation