FiscalNote Earnings and Growth Projections
Rapid, Sustainable Growth...
Self-reinforcing combination of organic initiatives and M&A fueling durable and visible growth pathway
Revenue ($MM)
$45
$1
$108
$20
$65
$41
+63%
$173
2020A revenue
Revenue growth
(Organic +
M&A targets
under LOI 2
Acquired)1
2021PF revenue Organic revenue Incremental revenue
growth³
from
M&A pipeline 4
2022PF revenue
> $400+
~2025PF revenue
target 5
37
Management's target: 15-20% ARR organic growth + >25% growth from M&A activity in pathway to $400MM +
Note: Totals may not add up due to rounding. (1) Includes pro forma acquisitions completed by Nov 2021; (2) Includes one target under LOI; (3) Reflects total organic revenue growth from 2021 including
~$10MM of revenue growth from the 2021 acquisitions (comprising ~$9.4MM from the acquisitions completed by Nov 30, 2021 and -$0.4MM from the target under LOI after Nov 30, 2021); (4) Run-rate revenue Fiscal Note
estimate for all pipeline acquisitions at 30% probability weighting; (5) 2025E Revenue Target is based on management expectations regarding acquisition pipeline. See "Disclaimer--Use of Projections".View entire presentation