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ST Telemedia Global Data Centres and Firmus Technologies Forge Partnership to Build a Global Network of Sustainable AI Factories

ST Telemedia Global Data Centres

SINGAPORE - Media OutReach - 22 June 2023 - ST Telemedia Global Data Centres (STT GDC), a leading Singapore-based data centre provider, has announced a significant investment into a global venture with Firmus Technologies (Firmus), a leader in highly scaled immersion cooled computing platforms. The venture is to be based in Singapore and will see the launch of a GPU-centric Infrastructure as a Service (IaaS) offering focused on deep learning AI and visual computing workloads, to be known as Sustainable Metal Cloud (SMC). SMC will deliver bare-metal-service access to high-performance AI clusters, which include some of the world's most advanced workload accelerators including GPUs and high-speed networking from NVIDIA for energy-efficient computing. SMC will leverage Firmus' proprietary, scaled, immersion-cooled platform – the 'HyperCube' – hosted within global STT GDC locations, to deliver Sustainable AI Factories that are all at once sustainable, scalable, high performance and cost effective[1]. Within the HyperCube, Firmus will operate a fleet of high-performance servers in its immersion-cooled environment, provided by OEM partners including Supermicro. Firmus' unlocks access to world-class AI tools and hardware in a highly available way, thanks to industry-standard uptime SLAs, provided and warranted directly by SMC to each customer. Firmus & STT GDC are launching SMC in Singapore, India and Australia in 2023, with the Singapore AZ (SIN01) expected to be live in H2 2023. The combination of Firmus' immersion-cooled computing platform, paired with STT GDC's highly efficient data centre infrastructure, will result in AI workloads running with a lower PUE[2], lower CO 2 emissions and higher petaflops[3] per watt. "We are delighted to have STT GDC as our partner. This venture is a world first and brings together Firmus' world-class scaled immersion-cooled computing platform with STT GDC's global footprint, based on NVIDIA's deep learning and visual computing architecture that is driving the exponential growth in AI. This offering will be underpinned by STT GDC's globally recognised and award-winning data centres," said Ted Pretty, Firmus Technologies Chairman. "The vision of Firmus' founders was to invest in a long-term solution that will break the mould of the traditional data centre model. They imagined the data centre as an entire computing platform – a 'Sustainable AI Factory' – and ensuring that this computing platform is best-in-class in terms of sustainability, operating and capital cost effectiveness. The vision of this venture is to combine STT GDC's strength – being one of the world's largest data centre infrastructure groups – with that of our HyperCube platform to deliver what we believe is a wholly unique proposition in delivering AI & visual computing at scale not seen before in Asia or Europe." "The compound growth in forecasted energy consumption is an existential threat to the data centre sector. Data centre operators and their customers must be prepared to embrace and support new cooling solutions and expand the services they offer beyond traditional air-cooled colocation if they are to host AI GPU platforms in a sustainable manner. The evolution of the data centre into AI factories of the future will fundamentally change the way that all infrastructure operators are thinking about the design and operation of their facilities. STT GDC's foresight and long-term vision made them the ideal global partner for Firmus' highly developed solution," said Pretty. "The future of data centres will rely on the ability to provide both exceptional performance and highly sustainable services at scale. From our beginnings in Singapore almost 10 years ago, we now have scaled the business to cover 10 geographies. We are immensely pleased to enhance our core co-location offering to include the latest GPU-based bare-metal services, empowering our customers with access to the next generation of high-performance computing which will be so critical in the AI revolution. These high-performance services are a key component of the critical infrastructure needed to support the plethora of AI use cases that will be critical to business, governments and society in years to come," said Bruno Lopez, President and Group Chief Executive, ST Telemedia Global Data Centres. He continued, "STT GDC, in partnership with Firmus, is committed to providing sustainable and foundational compute infrastructure. Singapore was the location of choice for our first flagship installation given the city's leadership in AI and sustainability. Through our new bare-metal service, customers will have early access to cost-effective and large-scale GPU compute through Firmus' embedded AI compute platform with leading-edge liquid immersion technology. We believe that data centres are critical building blocks of computing, and our investment in Firmus' technology and computing platform will transform our assets into sustainable AI factories, enabling our customers to process demanding workloads efficiently." After the first deployment in Singapore, the subsequent expansion will be into the India market in 2023. In 2024 and beyond, the deployment of Sustainable Metal Cloud availability zones (AZs) will be expanded across the STT GDC portfolio. About Firmus Technologies Firmus Technologies was founded by a young and entrepreneurial Australian team supported by leading local investment funds. Its research facility was established in Australia, where access to renewable-based energy assisted in the development and commercialisation of its scaled immersion cooled computing platform. From this facility Firmus developed the highly scalable system of multiple modularised 1MW HyperCubes that will now be deployed within STT GDC's data centre locations for cloud AZs, or at edge locations that enable high performance AI to exist anywhere the workload is needed. Stand-alone, the HyperCube technology operates within a sub 1.05 PUE envelope, and thanks to its advanced cooling features, extracts up to 30% further efficiency from the compute itself. By Total Usage Effectiveness (TUE) – a modern data centre metric that measures both facility and compute efficiency – HyperCube is amongst the most efficient compute platform in the world, with an engineered and expected TUE of less than 1.15 in Singapore. For more information, visit h ttps://firmus.co/ or https://smc.co/About ST Telemedia Global Data Centres ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan and the Philippines, providing businesses an exceptional foundation that is built for their growth anywhere. For more information, visithttps://www.sttelemediagdc.com/ Contact Details ST Telemedia Global Data Centres Chow Yi +65 9784 6406 yi.chow@sttelemediagdc.com

June 22, 2023 05:55 AM Eastern Daylight Time

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Accesso Technology Group to get "very big jumpstart" from VGS acquisition

Accesso Technology Group PLC

Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) CEO Steve Brown speaks to Proactive after announcing the acquisition of VGS, a ticketing and visitor management platform and one of its main rivals in the theme park and attraction software business. Brown highlights the growth opportunity presented by VGS' established presence in the Middle East and Asia, saying that the purchase gives Accesso a "very big jumpstart" in those key growth markets. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

June 22, 2023 04:08 AM Eastern Daylight Time

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Augmented Reality App Aims to Produce Better Images of Donor Organs

United Network for Organ Sharing

Today, United Network for Organ Sharing (UNOS) announced that UNOS Labs, the organization’s experimental incubator that tests innovative products, tools and methods to improve the donation and transplant system, is developing an app that may help increase organ use by providing surgical teams with higher quality images of donor organs. UNOS operates the Organ Procurement and Transplantation Network (OPTN) under contract with the federal government. Currently, organ photos are not consistent in their positioning, lighting, quality or use of scale. These “procurement photos” are used by surgical teams to assist in determining if they should accept an organ on behalf of their patient. UNOS has heard from surgeons across the country that they need better, more standardized photos, with the ability to measure specific portions of a photographed organ. Based on this feedback, UNOS staff started working on a modern solution to address this pressing community need. The plan employs computer vision technology, 3D modeling and augmented reality to eventually introduce a straightforward, smartphone-based solution to a complex, system-wide problem. “What we’ve found in our research is that a photo of an organ is important for determining clinical viability of the organ and its anatomy,” said Senior Data Scientist Morgan Stuart. “We think that recent advances in augmented reality technology can make these photos even more valuable. While our research continues, we think combining mobile augmented reality with the latest computer vision techniques will help standardize, expedite, and enhance organ allocation.” The tool is currently in the proof-of-concept phase. If early tests prove effective, the long-term goal is to provide organ procurement organizations (OPOs) and surgical teams with a mobile app that can capture high-quality, standardized photos, identify organ type, collect anatomical data, calculate size and annotate images. The tool would also include measurement capabilities, allowing surgeons to measure specific sections of the photographed organ. Overall size and unique measures can help determine if an organ is the best fit for a given patient, making this tool a potential game-changer in how organ offers are accepted and potentially reducing the number of organs recovered for transplant that are not ultimately used. “While still in the early stages, the research, development and hard work that have gone into this tool are a direct result of feedback we received from members of the nation’s organ donation and transplant community,” said UNOS CEO Maureen McBride, Ph.D. “We heard that surgeons had a specific need to improve the way they served their patients. UNOS staff were ready to pursue an innovative solution in response, while simultaneously tackling the very real issue of organ non-use. I look forward to seeing the results as this exciting project continues.” Research has indicated that there is a correlation between access to photographs and the acceptance of kidneys, which continue to be the most transplanted organ. Yet, in 2022, 19% of deceased donor organs recovered for transplant, predominantly kidneys, were not ultimately transplanted. Specifically, analysis conducted by the OPTN suggests that for kidneys with a high kidney donor profile index (KDPI), surgical teams were more inclined to accept these more medically complex but still safe organs if photos were included, when compared to teams that had no access to photos. Researchers determined that the likeliest reason is when a surgical team is considering a more medically complex kidney, photos can provide additional context and opportunities to visually confirm size and scale, making it easier to ultimately accept the offer. Funded by a generous donor, the proof-of-concept phase will last up to 12 weeks. If this phase proves successful, UNOS Labs will begin to host focus groups to gather additional community input. Pulling from that data, staff will then begin to develop the mobile app and launch a six-month pilot program. About UNOS United Network for Organ Sharing (UNOS) is the mission-driven non-profit serving as the nation’s transplant system under contract with the federal government. We lead the network of transplant hospitals, organ procurement organizations, and thousands of volunteers who are dedicated to honoring the gifts of life entrusted to us and to making lifesaving transplants possible for patients in need. Working together, we leverage data and advances in science and technology to continuously strengthen the system, increase the number of organs recovered and the number of transplants performed, and ensure patients across the nation have equitable access to transplant. Contact Details Anne Paschke +1 804-782-4730 anne.paschke@unos.org Company Website https://unos.org

June 21, 2023 02:29 PM Eastern Daylight Time

ARway.ai adds to growing patent portfolio after receiving another provisional patent

ARway

ARway.ai chief product officer Shadnam Khan joined Steve Darling from Proactive to share news the company has been granted a provisional patent for 'Device Localization based on Computer Vision and Visual Inertial Odometry.' That technology follows the previously announced Digital Twin patent and is the second in a series of patents planned to secure the technology. Khan telling Proactive this technology focuses on enabling augmented reality and 3D experiences within digital twins, which are generated from two-dimensional floor plans. The patent also has broader implications as it allows for large-scale location persistence without the need for expensive hardware like beacons, Wi-Fi, or Bluetooth. The company's echnology utilizes sensors available in everyday devices, such as accelerometers, gyroscopes, odometers, and cameras, to provide accurate positioning and tracking indoors. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

June 21, 2023 01:57 PM Eastern Daylight Time

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NowSecure Achieves SOC 2 Type 2 Security Certification for 4th Consecutive Year

NowSecure

NowSecure, the recognized experts in mobile security and privacy, announced today that it has completed its latest annual SOC 2 Type 2 security audit – the industry benchmark for independent auditing of security controls for software vendors. This certification covers the NowSecure Platform for automated mobile app security testing. For the fourth consecutive year, NowSecure remains the only enterprise-grade mobile application security testing (MAST) provider with a SOC 2 certified cloud platform. The SOC program is governed by the American Institute of Certified Public Accountants (AICPA), the national organization governing auditors with the CPA credential. Considered by the industry as the gold standard for data security, the program provides standards for meeting specific Trust Services Criteria (Security, Availability, Processing Integrity, Confidentiality or Privacy) and the procedures for auditors to review and report on the effectiveness of an organization’s controls in meeting these criteria. By achieving SOC 2 Type 2, NowSecure has demonstrated its ongoing dedication and adherence to the highest security standards to ensure its employees, solutions and customers are compliant, safe and secure. "We have always ensured our platform's security, but achieving this certification by a third-party auditor further validates that we are doing all the right things to protect our customers," said Alan Snyder, NowSecure CEO. “Our customers are under increasing pressure to prove that they have the proper security controls in place, so it makes sense that they place their trust in NowSecure as the industry’s only SOC 2 validated vendor.” Purpose-built to mitigate the mobile app threat landscape, NowSecure Platform provides a battery of 600+ automated tests using static, dynamic, interactive and API security for testing first party mobile apps in the DevSecOps pipeline and for vetting commercial 3rd party mobile app supply chain risk. Mobile app developers, QA, and security teams utilize NowSecure Platform to uncover security flaws, privacy issues, compliance gaps and app store blockers at scale. NowSecure Platform identifies issues fast and helps developers fix them fast through embedded remediation including evidence, fix recommendations, code examples and links to Android and iOS documentation. NowSecure is committed to implementing strict internal security policies and procedures to safeguard customer data and protect the NowSecure Platform from threats to confidentiality, integrity and availability. Learn more about the new NowSecure SOC 2 certification in our latest blog post by Ted Eull, VP of Privacy and Risk, and fill out this form to request the full report. About NowSecure: As the recognized experts in mobile security and privacy, NowSecure protects the global mobile app economy and safeguards the data of millions of mobile app users. Built on a foundation of standards, NowSecure empowers the world’s most demanding organizations with security automation to release and monetize 30% faster, reduce testing and delivery costs by 30% and reduce appsec risk by 40%. Only NowSecure offers an award winning full solution suite of continuous security testing for DevSecOps, mobile app supply-chain monitoring, expert mobile pen testing as a Service (PTaaS) and training courseware. NowSecure actively contributes and supports the mobile security open-source community, standards and certification including OWASP MASVS, ADA MASA, NIAP and is recognized by IDC, Gartner, Deloitte Fast 500, Cyber Defense Magazine and TAG Cyber. Contact Details Hannah LaCorte +1 202-240-7611 press@nowsecure.com Company Website https://www.nowsecure.com/

June 21, 2023 01:00 PM Eastern Daylight Time

News Release

Phunware adds artificial intelligence to robust Mobile Engagement solution platform

Phunware Inc

Phunware COO Randall Crowder joins Proactive's Natalie Stoberman to discuss the launch of its AI-enabled Mobile Engagement solution. Crowder says the addition of AI powering its mobile engagement solution means that users will be able to leverage sophisticated machine learning algorithms and AI capabilities to deliver personalized, targeted marketing campaigns that are curated for specific audiences. And with Phunware's platform specializing in helping brands identify, locate and engage the right consumer at the right time, Crowder adds that this new AI enhancement will boost marketing campaigns to evolve past a "one size fits all" approach. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

June 21, 2023 12:55 PM Eastern Daylight Time

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PathAI will Present on Analytical and Clinical Validation of AI-based NASH Clinical Trial Digital Pathology Tool at EASL 2023, and Announces Launch of NASH Explore Product

PathAI

PathAI, a leading provider of AI-powered pathology, will give a late-breaker presentation on new results from analytical and clinical validation studies that tested their AIM-NASH TM product and workflow’s accuracy, repeatability, reproducibility, and clinical validity across thousands of samples from several clinical trials, at the European Association for the Study of the Liver’s International Liver Congress 2023 (EASL), which will be held in Vienna, Austria from June 21 to 24, 2023. During EASL, PathAI will also formally launch and release details on its new NASH Explore TM product. P athAI’s analytical and clinical validation studies demonstrated that AIM-NASH-assisted pathologist reads of NASH resolution, hepatocellular ballooning, and lobular inflammation were superior to unaided pathologist assessment. Notably, there was a large improvement in scoring accuracy for ballooning and lobular inflammation, which are two of the most challenging components to score and standardize across pathologist reads. These results support PathAI’s vision to develop AI-powered digital pathology solutions to assist pathologists in achieving accurate and reproducible scoring, and complement prior results showing that AI-powered digital pathology is sensitive to drug effect that is not detected by categorical pathologist scoring 1 2, while also having the potential to control placebo response rates in NASH clinical trials 3. “The results from these studies inspire confidence in the robustness and value of AIM-NASH, and will pave the way to ultimately adopting AI-assisted NASH scoring as our new gold standard to ensure the greatest confidence in measuring true drug effect in NASH clinical trials,” said Stephen Harrison, M.D., chairman of Summit Clinical Research and a pioneer in the field of liver research and lead author on the study. At EASL, PathAI is also unveiling NASH Explore, an AI-derived panel of >500 histopathology features that spatially characterize NASH biopsy tissue microarchitecture at the cellular-level from H&E whole-slide images. It characterizes the H&E liver biopsy microenvironment at unprecedented resolution, giving drug developers and clinical researchers the ability to unlock insights that will enable precision drug development in non-alcoholic steatohepatitis (NASH). “Manual ordinal histologic scoring of fat, inflammation, ballooning and fibrosis from liver biopsies has been the gold standard in NASH assessment for enrollment and therapeutic efficacy, but the NASH community has been pushing for more,” said Andy Beck, M.D., Ph.D., chief executive officer and co-founder of PathAI. “NASH Explore will help uncover new histologic signatures and biomarkers of therapeutic response that could be even more predictive of patient outcomes, and provide more precision in stratifying patients for targeted therapies.” In response to the NASH community’s request for more sensitive measures of fibrosis that can be seamlessly integrated into existing clinical trial workflows, NASH Explore was developed to not only infer the presence of fibrosis in whole slide images of H&E-stained tissue sections, but also 1) categorize fibrosis into clinically relevant subtypes, and 2) quantify the presence of these fibrosis subtypes in liver lobular zones. By enabling sensitive, specific fibrosis detection from whole slide images (i.e., without requiring proprietary scanning of physical glass slides), NASH Explore allows for rapid and scalable interrogation into patterns of fibrosis that reflect true disease progression and regression. NASH Explore complements PathAI’s current AIM-NASH product, an AI-powered digital pathology tool that assists pathologists in performing NASH CRN scoring. PathAI’s poster and oral presentation schedule at EASL: Characterizing the histologic implications of resmetirom-induced liver volume reduction using artificial intelligence-powered digital pathology (Abstract OS-029) In partnership with Madrigal Pharmaceuticals 21 June, 9:00-18:00 CEST Analytical and clinical validation of AIM-NASH: a digital pathology tool for artificial intelligence-based measurement of nonalcoholic steatohepatitis histology (Abstract 4102) Oral presentation by: Stephen Harrison, MD, FAASLD 22 June, 18:15-18:30 CEST For more information, visit booth F4 at EASL for a live demo of NASHExplore, or contact us at NASH@pathai.com. Additional information can be found at www.NASHExplore.com. Footnotes 1. https://pubmed.ncbi.nlm.nih.gov/33570776/ 2. https://www.pathai.com/resources/comparison-of-manual-vs-machine-learning-approaches-to-liver-biopsy-scoring-for-nash-and-fibrosis-a-post-hoc-analysis-of-the-falcon-1-study/ 3. https://www.pathai.com/resources/comparison-of-the-effects-of-semaglutide-on-liver-histology-in-patients-with-non-alcoholic-steatohepatitis-cirrhosis-between-machine-learning-model-assessment-and-pathologist-evaluation/ About PathAI PathAI is the only AI-focused technology company to provide comprehensive precision pathology solutions from wet lab services to algorithm deployment for clinical trials and diagnostic use. Rigorously trained and validated with data from more than 15 million annotations, its AI-powered models can be leveraged to optimize the analysis of patient samples to improve efficiency and accuracy of pathology interpretation, as well as to better gauge therapeutic efficacy and accelerate drug development for complex diseases. PathAI, which is headquartered in Boston, MA, and operates a CAP/CLIA-certified laboratory in Memphis, TN, is proud to have a team of 600+ innovative thinkers from around the globe. For more information, please visit www.pathai.com. Contact Details Maggie Naples SVM Public Relations and Marketing Communications +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

June 21, 2023 10:00 AM Eastern Daylight Time

Inflectra Unveils Rapise v8.0: Revolutionizing Test Automation Frameworks

Inflectra

Inflectra, a leading provider of enterprise software that helps companies deliver faster, increase quality and reduce risk, proudly announced the latest release of its Rapise v8.0, its state-of-the-art test automation platform. Designed to accommodate diverse applications, including web, mobile, desktop, and APIs, Rapise simplifies and enhances the testing process. It boasts extensive compatibility with various business applications such as Salesforce, ServiceNow, Oracle Fusion, and Microsoft Dynamics, enabling comprehensive testing across multiple technologies. With Rapise, test automation becomes accessible to all. One of the standout features of Rapise v8.0 is its user-friendly interface, enabling users of all technical backgrounds to create and modify tests. Its visual keyword-driven framework, RVL, records actions and allows easy editing. Rapise's JavaScript-based engine offers seamless integration with open-source standards like Selenium and Appium, providing flexibility and extensibility for those who prefer to delve into the code. With a focus on maintainability and scalability, Rapise v8.0 introduces the highly anticipated new Framework mode, revolutionizing test case and test set management, parameterization, and seamless integration with Spira - Inflectra's quality engineering and project management platform. The new Framework mode in Rapise v8.0 offers a host of powerful features designed to enhance test automation efficiency and flexibility: Modules/Pages in Rapise v8.0 allow users to organize their test automation code into modular units with dedicated object repositories. This enables better code organization, isolation, and reuse, while parameters and return values enhance flexibility and reusability. Test Cases and Test Sets in Rapise v8.0's Framework mode gain their private object repositories, offering a dedicated space for organizing test-specific elements and allowing for quick assessment of test case execution outcomes and streamlining test set creation and management. Rapise v8.0's Framework mode introduces Configurations, a powerful feature for managing parameters that enables fine-tuning of the test behavior and facilitates comprehensive and customizable parameterization. Rapise v8.0 Framework mode eliminates the burden of manually loading different libraries for different technologies. Rapise will recognize and automatically load the required libraries as it detects the technology being used. "Rapise v8.0's new Framework mode has a transformative power to optimize test automation workflows and empower technical teams to achieve unparalleled efficiency and effectiveness in test automation. Automatic loading of the libraries will unlock the full potential of test automation in companies of all sizes, while its integrated Spira Dashboard will make the execution of tests simpler and more effective,” said Inflectra CEO Adam Sandman. Inflectra offers a suite of intuitive, turnkey enterprise solutions to manage the entire software lifecycle. Its industry-leading products for application test management, test automation, and lifecycle management help customers streamline their operations, allowing developers, testers and managers to allocate their time and resources to business-critical assignments. Among our most popular products are SpiraPlan, giving you the ability to synchronize what matters with agile program development, and Rapise, providing fast and easy test automation for everything—web, mobile, desktop, and APIs. Founded in 2006 and headquartered in the United States, Inflectra now has offices in more than ten countries, along with a global partner network that covers more than 5,000 customers worldwide. Contact Details Sara Reister +1 215-896-3243 inflectra@trustrelations.agency Company Website https://www.inflectra.com/

June 21, 2023 09:00 AM Eastern Daylight Time

FiscalNote (NYSE: NOTE) Reports 21% Year-On-Year Growth In Revenue In Q1 2023 and Expects Positive Adjusted EBITDA in Q4

Benzinga

By Jad Malaeb, Benzinga On May 10, 2023, FiscalNote Holdings Inc. (NYSE: NOTE) announced its financial results for the first quarter that ended on March 31, 2023. FiscalNote, a provider of global policy and market intelligence, reported a 21% increase in revenue to $31.5 million compared to the same period in the previous year. This result was consistent with the guidance range previously provided. FiscalNote's subscription revenue, which accounted for approximately 90% of its total revenue, grew 25% year-over-year, with 14% of that increase being organic. The company reported a gross profit of $22.6 million, representing a gross margin of 72%, while non-GAAP adjusted gross profit was $25.2 million, representing an 80% non-GAAP adjusted gross margin. The company had a GAAP net loss of $19.3 million and an adjusted EBITDA loss of $7.0 million with higher Q1 seasonal public company costs, which was consistent with its previous guidance. FiscalNote continued to demonstrate its leadership in delivering AI-enabled policy and market information which empowers organizations to mitigate risk and navigate businesses confidently in an increasingly complex global geopolitical, economic, and regulatory environment. The company's first quarter operational metrics showed an organic run-rate revenue increase of 9% to $124 million as of March 31, 2023, a 19% total growth year-over-year (YoY), and a 10% growth over the prior year on a proforma basis. Its Annual Recurring Revenue was approximately $119 million on March 31, 2023, representing a 19% total growth year-over-year and a 10% growth over the prior year on a proforma basis. FiscalNote’s financial outlook for the second quarter of 2023 foresees a GAAP revenue of $32 million to $34 million, representing 18% to 25% YoY growth, and an adjusted EBITDA loss of $4.5 million to $3.5 million for the quarter. The company has implemented efficiency programs that leverage its prior investments in technology and sales and marketing to optimize operations, enhance the company’s go-to-market strategy, and reduce costs, which are all expected to significantly benefit adjusted EBITDA starting in the second quarter. FiscalNote reiterated its full-year 2023 guidance, with a GAAP revenue of $136 million to $141 million – representing 20% to 24% year-over-year growth – and total run-rate revenue of $148 million to $155 million, representing growth of 17% to 22% over the prior year on a proforma basis. Additionally, FiscalNote expects to achieve approximately break-even adjusted EBITDA in the third quarter and positive adjusted EBITDA in the fourth quarter of 2023, marking an improvement of approximately 71% YoY. FiscalNote's CEO, Tim Hwang, said, "With each quarter, we are continuing to prove our model of building an enduring and resilient growth company with compounding subscription revenue growth, strong gross margins, and, over time, an impressive free cash flow model." The company's financial results demonstrate that FiscalNote is executing well on its plan to become a profitable enterprise SaaS technology provider, and it is confident that it will continue to maintain its leadership in the market. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 21, 2023 09:00 AM Eastern Daylight Time

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