🔴 FiscalNote is trading 16.25% down today after Q2 adjusted-loss miss and lower guidance

FiscalNote is trading 16.25% down now at $0.07 after investors reacted to its August 10 Q2 results.

• Adjusted loss reached $1.06 per share versus the $0.43 estimate; revenue fell 16% year over year to $19.6 million.
• Management reduced full-year revenue guidance to $75 million-$78 million from $80 million-$83 million.
• Adjusted EBITDA guidance fell to $9 million-$11 million from $14 million-$16 million; the broader market was positive, making macro weakness less likely.