NOTE Earnings

NOTE reported its earnings on 2026-03-19, showcasing a revenue of 22.20M against an estimate of 22.39M, resulting in a -0.84% surprise. The EPS was -0.66, surpassing the expected -0.67 by 1.49%. The stock experienced a -14.83% price change on the earnings day and a -42.48% change over the next five days, reflecting market reactions to the results.

Following NOTE's earnings announcement on 2026-03-19, the stock price moved by -14.83% on the day of the release. Over the subsequent five days, it saw a -42.48% change. Historically, NOTE's stock price tends to shift by an average of 21.29% in the 10 days leading up to earnings and -9.7% in the 10 days following, providing insight into potential market.

For 2026/Q1, analysts estimate NOTE's annual revenue to reach 23.38M, while the EPS is projected at -0.62. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates unchanged by 0% over the past three months, indicating analyst expectation in the company's performance.

The correlation between NOTE's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved unchanged by 0%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, NOTE's stock price typically moves by 21.29% in the 10 days before its earnings and -9.7% in the 10 days after. For the upcoming 2026/Q1 earnings, analysts expect an EPS of -0.62 and revenue of 23.38M.

The earnings call reveals a mixed picture: strong gross margins and improved EBITDA margins, but declining revenue and ARR due to strategic divestitures. The Q&A section highlights some uncertainties, like the sustainability of margins and enterprise churn. However, optimistic guidance and new market opportunities, such as agentic AI, offer potential upside. The lack of clear guidance on gross margins and the impact of divestitures balance the positives, leading to a neutral sentiment.