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Northwind Systems, Inc. Confidential — Board Pack
Second Quarter · Fiscal 2026

Quarterly Board Pack

& Investor Review
Prepared by the Office of the CFO  ·  As of June 24, 2026
Reporting period: Apr 1 – Jun 30, 2026  ·  Currency: USD ($M)
KPI Scorecard RAG · vs Plan & PY
Metric Current Target Prior Year YoY RAG

1 Figures are management accounts, unaudited, and reconciled to the general ledger. RAG status assesses current vs plan with a ±2% tolerance band. Old-style figures used throughout.

Page 1 of 4 · Scorecard
Northwind Systems, Inc. Confidential — Board Pack
Performance vs Plan Bullet charts · actual vs target
CFO Commentary  ·  Office of the CFO Auto-Narrative

We closed the second quarter ahead of plan on the lines that matter most. Revenue of $14.2M beat the $13.6M target and grew 45% year over year, carried by new-logo momentum and a 118% net revenue retention base that continues to expand inside the installed footprint.

Profitability improved alongside growth: EBITDA margin advanced from a planned 16% to 18% as gross margin held at 82% and operating leverage emerged in go-to-market spend. Net burn fell to $1.4M per month, down 26% from the prior period, extending runway to 23 months without compromising the hiring plan.

The single watch-item is revenue concentration: the top-ten logos represent a larger share of NRR than we would like long-term. We are actively broadening expansion across the mid-market cohort, and early signal from the new onboarding flow is encouraging.

“On plan, on margin, on cash.”
— A. Reyes, Chief Financial Officer

3 Right · 1 Watch AI summary

Revenue +45% YoY — $14.2M, $0.6M ahead of plan.
Margin 16% → 18% — operating leverage on flat GM.
Burn down 26% — $1.9M → $1.4M / month.
NRR concentration — in the top-ten logos; broaden expansion.

2 Bullet charts show actual against the plan target marker; shaded band is the prior-year range. Commentary auto-drafted by the pack's Auto-Narrative engine and reviewed by the CFO. Tone: Balanced.

Page 2 of 4 · Performance vs Plan
Northwind Systems, Inc. Confidential — Board Pack
Cash & Runway Liquidity · burn · milestones
Cash balance & projected runway $M · actual to Jun 2026, projected thereafter
Cash balance (actual) Projected ◆ Next raise · Q1 2027 ◆ Breakeven · Q4 2027
Cash on hand
$48.3M
14 accounts · 6 entities
Net runway
23 mo
to breakeven, no raise
Net burn / month
$1.4M
▼ 26% vs prior period
Monthly net burn $M · trailing 9 months · improving

Asks & Decisions

AI-drafted from variances
  1. Approve Series-B raise timing for Q1 2027
    $6M target; runway supports patience, but market window favors an early-Q1 process.
    Board vote
  2. Sign off on the 20-hire R&D plan
    Phased over H2; modeled into the 23-month runway with no breakeven impact.
    Board vote
  3. Ratify the updated FX hedge policy
    Lift target hedge ratio to 85% on EUR/GBP exposure; treasury to execute.
    Ratify

3 Runway assumes current net burn held flat and the approved hiring plan; breakeven marker reflects the base operating forecast. Cash balance reconciled to bank statements as of Jun 24, 2026.

Page 3 of 4 · Cash & Runway
Northwind Systems, Inc. Confidential — Board Pack
Appendix & Definitions Growth · methodology
Growth at a glance
ARR
$18.4M
+42% YoY
NRR
118%
top quartile
Quarterly revenue
Definitions

NRR — net revenue retention; expansion less contraction and churn within the installed base, indexed to 100%.
EBITDA margin — earnings before interest, tax, depreciation and amortization, over revenue.
Net burn — operating cash outflow less inflow, monthly.
Runway — months of cash at current net burn before breakeven.

Hover a metric to learn more

Every metric on the scorecard responds to “Explain this metric” — click any row for its definition, formula, eight-quarter trend, and a plain-language read drafted by the pack's AI.

4 This pack is a staas.fund showcase rendered with illustrative, non-client figures. No live data is connected.

Page 4 of 4 · Appendix
Reader's Guide How to read this pack
Field Guide For the CFO & the board table

01 How to use this

  • Drives the board agenda. This pack arbitrates the three votes on page 3 — raise timing, the R&D hire plan, and the FX policy. Read it as the decision memo, not a status report.
  • Watch cash first. Open on page 3: net runway (23 mo) and net burn ($1.4M/mo) are the constraints every other ask is modeled against. If runway moves, every page below it shifts.
  • Read the scorecard by RAG, then YoY. Green/amber tells you where to spend the meeting; the YoY column tells you whether the trend earns it. Headcount is amber by design — disciplined, not a miss.
  • Let the AI do the first pass. The tone toggle re-voices CFO commentary (Confident / Balanced / Cautious); every scorecard row explains its own formula, 8-quarter trend, and segment split on click.
  • For your own org: could a board member reconstruct your entire ask from one page of cash, or do they have to assemble it from five tabs?

02 Watch the walkthrough

Four AI agents walk this dashboard — narrating the pack the way a board would read it.

03 In context

Markets & Macro Sample Feed
Fed funds target4.50%— held
10Y Treasury4.28%▼ 6bp
S&P 5005,612▲ 0.7%
USD index (DXY)103.4▲ 0.2%
SaaS EV/Rev (median)6.1×▲ 0.3×
Illustrative — wire to your market-data feed · as of Jun 25, 2026

The Field Guide is orientation for first-time readers of this pack — it is part of the staas.fund showcase, not board-confidential material. Macro figures are illustrative.

Reader's Guide · Field Guide