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Regulatory Policies Like The Green Industrial Policy And The IRA Make ESG Compliance More Crucial Than Ever – Stay Ahead With FiscalNote’s (NYSE: NOTE) Equilibrium

Benzinga

By Jad Malaeb, Benzinga Industrial growth is acknowledged globally to be necessary for human progress, but the recent rise in greenhouse gas emissions, pollution and resource depletion has forced leaders to think deeply about the reward-risk trade-off. Products of this line of thinking include the Green Industrial Policy, which refers to a set of policies and strategies set by the United Nations Environment Programme that promotes sustainable and environmentally-friendly industrial development. It focuses on integrating environmental considerations into industrial activities, fostering the transition to a low-carbon economy and encouraging the adoption of clean and resource-efficient technologies. World leaders have adopted the Green Industrial Policy’s vision into region-specific protocols. The EU Green Deal, for example, is a comprehensive set of policies and initiatives proposed by the European Commission aimed at transforming Europe into the world’s first climate-neutral continent by 2050. Likewise, the Inflation Reduction Act (IRA), an American policy that was passed into law in 2022, grants investment and production tax credits for businesses and eligible persons who invest in renewable energy systems. The U.S. government has labeled the IRA the “most significant climate legislation in U.S. history.” Aware of the rising importance for businesses to adhere to the Environmental, Social and Governance (ESG) framework, FiscalNote (NYSE: NOTE) recently hosted a webinar discussing ESG global trends, the impact of the IRA and EU Green Deals on businesses and how these changes may affect specific industries and organizations. “I think an important, maybe, role that the industry needs to play more and more is explaining exactly a lot of the business models. I think in this conversation we’re mixing a lot of issues, and so for trying to explain how we’re going to get to clean technology, I think … we need to explain the intricacies,” said Thibaut L’Oryte, the Director of Public Affairs at AmCham EU. Since its acquisition of the SaaS product Equilibrium, FiscalNote has taken its ESG compliance services to unprecedented levels, helping businesses easily manage their ESG goals and activities. Winner of the Best SaaS Product for CSR or Sustainability award at the 2022 SaaS awards, Equilibrium is an artificial intelligence platform that helps organizations unify, manage and benchmark carbon, climate and ESG data management across their operations. Equilibrium is now part of a collection of ESG Solutions that FiscalNote offers customers. With Oxford Analytica, the FiscalNote Core Platform and the ESG & CSR Board, FiscalNote’s ESG compliance portfolio has any potential ESG solution a company could be looking for. Their portfolio covers global ESG research and analysis, ESG policy monitoring, a confidential vendor-free peer organization and Equilibrium’s unique ESG AI solution. Click here for more. 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 26, 2023 09:00 AM Eastern Daylight Time

Spiceology and Over-The-Fire-Cooking Expert Derek Wolf Expand Line of Beer-Infused Spice Blends

Spiceology

Spiceology, the fast-growing spice company known for its innovative signature blends, has once again teamed up with over-the-fire-cooking expert and social media phenomenon, Derek Wolf ( @overthefirecooking ), to create new beer-infused barbeque blends. Packaged in the fan-favorite resealable beer cans, the Spiceology x Derek Wolf Beer-Infused Rub Collection now includes a total of ten flavor-packed rubs, all infused with perfectly paired beers. Now available for purchase, this new four-pack takes consumers on a road trip around the United States to celebrate some of Wolf’s favorite styles of barbeque, including odes to Memphis, East Carolina and West Texas. “Since first launching the beer-infused six-pack with Spiceology back in 2020, we both knew we wanted to expand the beer can line,” said Derek Wolf, Over The Fire Cooking. “Beer and barbeque have always gone together, and these blends offer new ways to experiment with those flavors. For these new blends, we specifically formulated each one with a protein in mind.” These beer-infused blends can be purchased as a four-pack or as individual cans, with plastic lids included: Sticky Bourbon Brown Ale ($14.95): Memphis-style with burnt sugar sweetness, bourbon notes, and a tiny amount of heat for balance. The blend is designed for pork but is also ideal for baked beans, sauces, grilled veggies, and compound butter. Sweet Carolina Blonde ($14.95): Inspired by eastern Carolina’s Mop Sauce, this beer-infused blend packs tang, sweet and heat all in one. Designed for pork and poultry, this blend also works for chicken, seafood, pasta, rice, and marinades. Smoked Garlic Jalapeño Lager ($14.95): Inspired by West Texas’ love of chile-based heat. This beer-infused flavor twist on a classic salt and pepper blend is made for beef, but works perfectly with pasta salad, dressings, marinades, roasted veggies, and more. Big Bad BBQ Ale ($14.95): An all-purpose BBQ blend with all of Derek’s favorite flavor profiles. This blend is made for anything and everything, especially smash burgers, beef, chicken, pork, vegetables, and seafood. “The original six-pack of beer-infused blends we formulated with Derek quickly became one of our most popular products and gift sets,” said Chef Tony Reed, Executive Director of Culinary. “For this round, Derek wanted classic BBQ rubs with his personal twist, and the addition of ingredients like cinnamon, cocoa, and of course, beer, brought these classic-style blends to the next level.” The blends can be found on Spiceology.com and are available in individual beer cans or as a set of all four. For more information, see here. ABOUT SPICEOLOGY Founded in 2013, Spiceology is on a mission to inspire experimentation and share in the joy of cooking and eating. The chef-owned and operated spice company’s ‘Periodic Table of Flavor’ spotlights innovative blends and over 300 ingredients that are ground fresh and shipped fresh. With Signature Blends like Greek Freak and Smoky Honey Habanero that have become pantry and counter staples in both professional and home cook kitchens around the world, Spiceology is at the heart of the kitchen for all who love food. Spiceology‘s ingredients and blends can be found in the aisles of retailers large and small, in the pantries of hundreds of thousands of home cooks, and in the kitchens of some of the world’s greatest chefs. Contact Details Spiceology Cassidy Levine +1 908-770-7880 cassidy@spiceology.com Company Website https://spiceology.com/

June 26, 2023 08:00 AM Eastern Daylight Time

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Pioneering History Education Providers Announce New Collaboration with Global EdTech Leader

In the Footsteps of History

Pioneering educational providers In the Footsteps of History, creators of a tech-forward social studies enrichment program that brings world history to life through the excitement of adventure and exploration, have partnered with Lumio, the digital learning tool used by millions around the world and created by global EdTech leader SMART. Through this new collaboration, more than 20 free In the Footsteps of History lessons, including Marco Polo and the Silk Road, the travels of Ibn Battuta and the legendary city of Timbuktu, and more will be available in Lumio, making the most of its interactive and engaging resources for exciting history education. In the Footsteps of History’s immersive lessons, presented by world-famous explorers, fill a much-needed role in an often challenging subject to teach. The program’s unique mix of documentary-quality videos https://inthefootsteps.org/the-ibn-battuta/, 3D games https://3dmap-itf.pages.dev/, https://patterns-itf.pages.dev/ and cutting-edge, web-based simulations powered by Ultisim provide a valuable teaching tool for building knowledge, expanding world views, and fostering respect for other cultures. With outstanding reviews for higher engagement, improved visualization, and elevated critical thinking, In the Footsteps of History ushers in a whole new era for the social studies classroom. “The power of technology to provide students with opportunities to visit places that they would not otherwise be able to is truly impressive,” says explorer Denis Belliveau, CEO, and Founder of In the Footsteps of History. “Our hope is that this will encourage more and more youth to go out and discover the world around them.” For middle and high school social studies educators who are looking to engage students with unique and immersive lessons, Lumio and In the Footsteps of History have teamed up to create a new resource category of original content https://suite.smarttech-prod.com/lumio-library/category/i1Iqf2, utilizing Lumio’s collaborative and interactive game-based learning tools. “We are thrilled to work with the team at In the Footsteps of History to bring unique, immersive history learning into Lumio, supporting teachers and students with great content.” Says Dan McMahon, Lumio Vice President of Software. “Together, we have even more opportunities to bring learning to life and connect more students with engaging experiences.” In the Footsteps of History is presenting at ISTELive June 26-28 at booth #1466 and Lumio is presenting at booth #2718 at the Pennsylvania Convention Center. New In the Footsteps of History 'Journeys' will be rolling out over the coming months. ABOUT IN THE FOOTSTEPS OF HISTORY: In the Footsteps of History is a tech-forward social studies enrichment program of multimedia units that bring history to life through the excitement of adventure and exploration. Offered as complete units called Journeys with videos, web-based 3D games, and standards-aligned lesson plans, and augmented by additional immersive virtual reality (VR) Walkabouts, In the Footsteps of History promotes higher engagement, improved visualization, stronger comprehension, increased retention, and elevated critical thinking. For more information and free trials visit www.inthefootsteps.org or contact Lisa Taylor at 718-986-5104 or by email at lisa@inthefootsteps. About Lumio Lumio is a free, easy-to-use, digital learning tool that lets teachers transform lessons into active, collaborative learning experiences to engage students on their devices, wherever they are. With countless ways for students to engage and drive their own learning, Lumio is a perfect fit for educators who are looking for ways to increase interactivity, collaboration, and game-based learning. To learn more, visit www.golumio.com. Contact Details In the Footsteps of History Lisa Taylor lisa@inthefootsteps.org Company Website https://inthefootsteps.org/

June 25, 2023 08:00 AM Eastern Daylight Time

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FTN Network Launches “The FTN Fantasy Show” on SiriusXM

FTN Network

The FTN Network, a data company exclusively built for delivering affordable, customizable, and highly detailed and accurate data for betting, season-long fantasy and daily fantasy, announced today the debut of its new SiriusXM Fantasy Sports Radio show, “The FTN Fantasy Show.” The show will be hosted by fantasy experts Jake Ciely, Chris Meaney and Lauren Carpenter, and will run from 9 - 11 a.m. ET every Saturday, beginning July 8, 2023 on SiriusXM channel 87. During each episode, hosts Ciely, senior writer for The Athletic, Meaney, Head of Media for FTN Network, and Carpenter, FTN Fantasy Analyst, will discuss fantasy football the way it should be: fun, insightful and daringly candid. The trio won't just deal takes; they will share their knowledge to help the viewer advance as a fantasy manager. Whether they need to "make a list" or debate milk before cereal, you will be laughing, as well as improving as a manager, with every show. “At FTN, we strive to be people’s go-to source for trusted, accurate and dependable fantasy football information and statistics,” said Kevin Adams, CEO and Founder of FTN Network. “Getting our own show on a platform like SiriusXM is an incredible opportunity to create a value-add for our diehard user base and introduce our brand and product to a massive new, and highly engaged, fantasy sports audience.” In May 2023, FTN announced its significant growth in Q1, stemming from a 54% increase in web traffic (year-over-year) across the FTN network of sites. Its 2023 subscription revenue was up 34% (year-over-year) across the FTN network of sites. For more information on FTN’s products and services, please visit its network of sites: FTNFantasy.com, FTNDaily.com and FTNBets.com. About FTN Network FTN Network is a sports data B2B and fantasy sports and betting media B2C company. Founded in 2020, FTN gives the fantasy and sports betting community an edge through their own unique ecosystem - providing customizable tools that turn raw data into true insights while also offering expert analysis and content to help users make the best decision possible. FTN Network consists of FTN Fantasy (the home of fantasy football), FTN Daily (the home of daily fantasy sports), FTN Bets (the home of sports betting insights) and FTN Data (the home of NFL data). Contact Details Sterling A. Randle +1 801-319-6153 srandle@hotpaperlantern.com

June 22, 2023 09:02 AM Eastern Daylight Time

Oasys Special Event Unveils Lineup of Speakers and Participating Companies

Oasys

SINGAPORE & TOKYO, JAPAN - Media OutReach - 22 June 2023 - Oasys, a gaming-optimised blockchain, today announced the agenda for its inaugural Oasys Special Event. Scheduled to take place at Kyoto's historic Nijo Castle on June 28, 2023, the gathering will feature keynote presentations from industry-leading companies such as Bandai Namco Entertainment and Ubisoft, among a dozen other pioneering game companies. The assembly provides a unique opportunity to grasp future trends and advancement, aiming to spearhead the integration of blockchain technology in the gaming industry. The participating entities at the event include renowned firms such as Bandai Namco Entertainment Inc., BLOCKSMITH&Co., Coinmusume, Com2uS, double jump.tokyo Inc., DMM.com LLC, Digital Entertainment Asset Pte. Ltd., Enish Inc., Mixi, Inc., Ubisoft, and OASYX. The event will showcase updates on previously announced titles, exciting reveals of new blockchain games, and fresh Verses. SEGA as the licensor and guest speaker, is also set to unveil additional details. Through shared insights into their recent endeavours and discussion on future explorations in blockchain, the event aims to cast a spotlight on the potential of this transformative technology in reshaping the gaming landscape. Daiki Moriyama, Director, Oasys, said: “The interest of leading Web2 entities like Bandai Namco and Ubisoft for the Web3 space represents a milestone in the gaming industry. Their embrace of blockchain technology can pave the way for more community-driven economics and user-centric experiences. Our event intends to catalyse this moment, spotlighting these explorative developments and underscoring the promising future of blockchain in gaming.” Masaaki Taira, Member of the House of Representatives and head of the Liberal Democratic Party’s Web3 Project Team (Web3PT), will also deliver a keynote address through a dedicated video letter at their inaugural Oasys Special Event, adding further gravitas to the proceedings. His advocacy for Web3 signifies Japan's commitment to fostering blockchain technology, further reflected in the Ministry of Economy, Trade and Industry's (METI) decision to sponsor Japan Blockchain Week. MIYAVI, lauded for his innovative "slap style" of guitar playing, will conclude the event with a live performance. Known for his wide-reaching influence spanning from music to Hollywood films and international humanitarian efforts, MIYAVI continues to command a global presence as one of Japan's most dynamic artists. To extend its reach, Oasys will live-stream the event's presentations, offering access to international audiences. Several domestic and international media outlets have also agreed to serve as media partners, including CoinPost, Blockchain Game Info, Block Tempo, and PANews. Event Details: Date and Time: June 28, 2023 (Wednesday), 19:00-21:00 JST (doors open at 18:30) Location: Nijo Castle, Kyoto Prefecture, Japan Entrance Fee: Complimentary Registration: Prospective attendees are required to register in advance. Weather Contingency: In the event of inclement weather, the gathering will be rescheduled to June 29, 2023 Since its launch in December 2022, Oasys has revolutionised the way gamers and developers create and interact on blockchain, supporting about 20 games in its ecosystem. In less than a year, Oasys has forged strategic partnerships with leading players in gaming, entertainment and technology industry, including MIXI, NEXON, KDDI, SoftBank, DMM, and YGG Japan. Oasys continues its mission to bring blockchain gaming to the world by forging strategic partnerships and releasing an extensive pipeline of ecosystem updates, titles and Verses. About Oasys Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 25 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play. More information on Oasys is available at: Website: https://www.oasys.games Twitter: https://twitter.com/oasys_games Discord: http://discord.gg/oasysgames Contact Details Oasys Media Contact oasys@wachsman.com Company Website https://www.oasys.games/

June 22, 2023 01:42 AM Eastern Daylight Time

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Oasys unveils new visual identity to reflect its ambition to bring blockchain gaming to the masses

Oasys

SINGAPORE & TOKYO, JAPAN - Media OutReach - 22 June 2023 - Oasys, a gaming-optimised blockchain, officially unveils its new visual identity today—a fresh new look for a pioneer in the gaming and blockchain industries. Aligned with Oasys’ strategic vision, its modernised look and positioning represent its aim to appeal to the global gaming audiences, and to bring blockchain gaming to the masses. This year will bring a host of new blockchain game releases from major developers as the market enters a new phase of mass adoption of blockchain technology. Amid this change, Oasys has recognised the need to target a broader and more general audience beyond the crypto landscape, as has often been the case with blockchain projects. By incorporating gaming elements of fun, interaction, and community into its visual identity, Oasys cements its status as a gaming-specific, rather than a general-purpose, blockchain. Oasys has tweaked its existing logo, making it flatter and simpler while retaining a multi-layered design that reflects the Oasys ecosystem’s unique architecture. Similarly, they have changed their logo’s text to a design that recalls the buttons on a game controller. The overall colour palette includes colourful accents of pink, blue and yellow on a white background to express the fun of gaming and evoke the world of entertainment, while a neon toned version is also available on a black background, targeting core gamers. At the same time, Oasys reskinned its website ( https://www.oasys.games/ ), introducing elements that emphasise fun and interactivity to highlight that the platform specialises in games. The reimagined tagline—Unreal Games Made Real—encapsulates the unique benefits and exhilarating experiences that web3 technologies introduce to gamers. Today, gamers play and pay to earn in-game rewards that only retain their value solely within the virtual confines of the game. In addition to uncompromised speed and zero gas fees, the Oasys blockchain aspires to enable gamers to take their rewards with them across different r games and beyond. This innovative network, along with the games within it, makes it possible for avatars, power-ups, weapons, and a plethora of other in-game assets to be transferred inter-games or to NFT marketplaces. This unfolds a rich "multiverse" of gaming experiences, evoking a sense of awe and wonderment, the kind of “Unreal” world that gamers have always dreamt of. Oasys' brand aesthetic, inspired by diverse gaming universes, can be previewed on the Oasys’ website. While this exploration is just the beginning, a simplified version is currently available, with future expansions and function improvements planned. Meanwhile, to further demonstrate its long-term commitment to developing the future of gaming, Oasys emphasises in its new brand positioning that established names in the gaming industry support it. Major gaming houses such as Sega, Ubisoft, and Bandai Namco have thrown their support behind Oasys. Ultimately, Oasys is building a global standard for the blockchain gaming industry that aims to become a broad platform for a wide range of gaming applications. Oasys' visual identity renewal comes in the run-up to IVS CRYPTO 2023, Kyoto, June 28-30, happening alongside the acclaimed Japan Blockchain Week as well as a special parallel event that Oasys is staging at the historic Nijo Castle. About Oasys Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 25 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft, and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users readies participants to enter the Oasys and play. More information on Oasys is available at: Website: https://www.oasys.games Twitter: https://twitter.com/oasys_games Discord: http://discord.gg/oasysgames Contact Details Oasys Media Contact oasys@wachsman.com Company Website https://www.oasys.games/

June 22, 2023 01:33 AM Eastern Daylight Time

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Carey Bringle Partners with Josh Williams For Another Year at the NASCAR Xfinity Series

Peg Leg Porker

A few years after Carey Bringle opened the Peg Leg Porker restaurant, he got a call from an ARCA race car driver's manager asking if he would feed a team in exchange for a sticker on his car in the Nashville race. She talked about how this independent driver visited children's hospitals in every city he raced in. The story hit home for Carey, a pediatric cancer survivor himself. That driver was Josh Williams and he won the race that night. Ever since that race, Josh and Carey have kept in touch and Peg Leg Porker has sponsored Josh's car in his Nashville races. Since that time, Carey started more ventures and Josh moved up to the Xfinity series. One thing didn't change, the connection between the two. Both are fiercely independent and both share a passion for supporting charitable causes. In fact, last year, Josh was a finalist for the Comcast Community Champion Award. The ceremony was in Nashville and Carey was right there to support Josh's amazing charitable work across the country. This year is no different. Peg Leg Porker will again be a sponsor on Josh's car and while Josh is in town, he will make a visit to Vanderbilt Children's Hospital. The TN Lottery 250 is this weekend on Saturday at the Nashville Superspeedway. The race starts with driver intros at 2:00 CST. A Nashville native, pitmaster Carey Bringle has been competing in barbecue contests for more than 27 years, and has the blue ribbons to prove it. With a deep southern background built around family values and appreciating a good meal, Bringle founded Peg Leg Porker in 2013. Peg Leg Porker is named after Bringle himself and his greatest win, a cancer battle that he triumphed at the age of 17. With his win, he lost his leg, which led him to create a new name and only added more fire to his passion for success. What started out as a whole hog BBQ team and catering business, turned into a whole lifestyle brand, inclusive of spirits, sauces and spices, to accompany world-class BBQ. Upon opening its doors in the heart of Nashville, Peg Leg Porker was quickly named one of the hottest BBQ joints in the country by numerous media outlets, including Food Network, The Travel Channel, BBC, Southern Living Magazine, Texas Monthly, GQ, Garden and Gun Magazine, and many more. Peg Leg Porker is known for its juicy, smoked-to-perfection pork ribs drenched with a spicy dry seasoning *after* being smoked. Not to mention they're made from scratch, yet playful sides, like Kool-Aid pickles and pork rind nachos, plus Peg Leg Porker’s southern hospitality have guests feeling right at home. Peg Leg Porker has expanded, sharing their ‘cue with fans all over the world with their e-commerce site to ship nationwide. Although many wish Bringle would open another location, there will only be one Peg Leg Porker. Bringle says, “We’re building a legacy, not a chain.” This year, they will be celebrating a decade of being a part of the Nashville community and are excited to continue to be a part of it for many years to come. Contact Details Madison Baber +1 210-213-2426 madison@rprfirm.com Company Website https://www.peglegporker.com/

June 21, 2023 04:00 PM Central 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

FDA Issues Warning Letter To iRhythm: An Opportunity For The Cardiac Monitoring Space And One Company In Particular?

Benzinga

By David Willey, Benzinga The Food and Drug Administration (FDA) has issued a warning to the heart monitoring company iRhythm (NASDAQ: IRTC), stating that its products include violations of FDA device and labeling standards. This highlights the prevalence of such issues in the sector – and opens up a space and creates opportunities for other companies in the remote monitoring and cardiac device market like Biotricity Inc. (NASDAQ: BTCY) which have maintained a robust, safety-first approach for their products. Biotricity is a medical technology company that has spent several years building out a complete cardiac product portfolio. Its goal is to provide best-in-class technology, and its innovative products have already helped deliver improvements to patients in the healthcare self-management sector. The company has consistently maintained an “overbuilding” approach to its products and the data and events they transmit, which ensures that its product limitations far exceed what is required. By positioning itself as a leader with its safety-first approach, Biotricity believes it is able to avoid problems that are affecting companies like iRhythm, an issue the company reports is indicative of problems in the larger healthcare system when it comes to companies that focus on selling drugs or clinical services. Some of iRhythm’s key violations as highlighted by the FDA include: End users were not told about the limit on the number of events (100 manual and 500 auto). Data including significant arrhythmias requiring physician notification were being held inaccessible since 2017. The FDA was not provided with device updates, including algorithm and hardware changes. Labeling and marketing claims stated the device can be used with high-risk patients, which is outside of the device’s use indications. Adverse events were not submitted to the FDA for patient injuries including deaths that may have been related to the other violations by iRhythm. This news has the potential to shake up the sector and open up a space in the remote monitoring industry. The market was worth $4.4 billion in 2022 and is set to grow at a compound annual growth rate (CAGR) of 18.5% over the next seven years. In collaboration with its affiliated cardiologist, Biotricity is focused on providing a premium product within the remote monitoring space. The company seems to be well-positioned to take advantage of the FDA’s announcement and the impact it will have on the remote monitoring sector. The company reached a record revenue run rate in April when it passed $13 million in annualized revenue. This extends its growth by more than 8% since March, with the growth being driven by sales of remote monitoring products plus subscription-based recurring revenues. The company anticipates its revenue growth to continue throughout 2023, with the CEO stating that the company was “starting to reach a critical mass with growing device sales.” Biotricity Brings AI To Cardiac Monitoring A recent article from the New England Journal of Medicine highlighted the important role of artificial intelligence (AI) in the future of healthcare. According to the article, AI will make it possible to quickly analyze large quantities of data, increasing efficiency and potentially providing new insights. Biotricity has already been working on AI products for several years, using AI technology to power its medical devices and pull deep data on its patients. Its flagship product, Bioflux®, connects physicians with 24/7 access to real-time data and has already recorded data on over 112 billion heartbeats. As a result, Bioflux has been able to identify 4,960 cardiac events in its more than 111,000 patients. This saved patients approximately $17,238 each and $85.5 million in total. There is a significant need for treatments and devices like Biotricity’s that help identify and prevent cardiovascular diseases (CVDs). Costs from treatment and premature death from CVDs are around $219 billion annually. CVDs claimed the lives of close to one million people in 2020, making it the leading cause of death in the United States. “Our algorithms for detection of cardiac anomalies are FDA-cleared, and for several years our team of dedicated AI software programmers are continually striving to push that envelope,” said Dr. Waqaas Al-Siddiq, Biotricity Founder and CEO. With a focus on improving patient outcomes through innovative solutions, Biotricity has been working with AI technology and its large datasets over the past few years to develop the next generation of diagnostics. As well as iRhythm, companies in the cardiac medical device sector include BioTelemetry Inc., Medtronic (NYSE: MDT) and Philips (NYSE: PHG). Read more about what Biotricity is doing here. This post contains sponsored advertising content. This content is for informational purposes only and is 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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