- To
- Investors
- Subject
- Nordlys Analytics: Sep 2026 update
TL;DR: Net burn rose to €126,8k because collections were low at €78,7k, while payments stayed near normal; we think this is annual billing timing. [Founder: confirm]
Key metrics From the data, not AI
| Metric | Sep 2026 | vs last month |
|---|---|---|
| Cash in bank | €1,58m | -€127k |
| Net burn (month) | €127k | +€48k |
| Runway at current burn | 14,3 months | -4,3 months |
| MRR | €103.070 | +€1.460 |
| ARR growth vs 12 months ago | 32,4 % | -2,0 pts |
| Customers | 91 | +2 |
| Headcount | 25 | no change |
Highlights
- We added 3 new customers and MRR grew by €1.460.
Lowlights
- We lost one customer worth -€1.520 of MRR, and net revenue retention is 88,7 %. [Founder: add reason for the churn]
Ask
We would value introductions to mid-sized Nordic prospects who could replace the lost MRR.