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Dave Thornton

Partner

Brightloop Energy

Needs attention

Demand-response platform aggregating flexible industrial load and bidding it into balancing markets.

Energy / ClimateSeries AGermanyInvested Feb 8, 2023Lead: Jerry

Next board meeting

Tue, August 4

in 1 week

Status rationale: The Q2 pack has been chased twice with no response, so nothing this quarter has been verified against a document.Updated Jul 27, 2026

ARR

£2.4m

Budget: £2.6m-8%

ARR behind plan

ARR Growth

31.0%

Budget: 40.0%-23%

Growth behind plan

Cash Balance

£3.9m

Budget: £4.1m-5%

Net Burn

£0.4m

Budget: £0.3m+20%

Burn above plan

Runway

10.8 mo

Budget: 13.7 mo-21%

Runway behind plan

Gross Margin

44.0%

Budget: 48.0%-8%

Margin below budget

Net Revenue Retention

101.0%

Budget: 104.0%-3%

Churn

7.8%

Budget: 7.0%+11%

Churn above plan

Pipeline Value

£4.2m

Budget: £4.0m+5%

ARR Trend (last 5 quarters)

  • £1.1m
    Q2 25
  • £1.4m
    Q3 25
  • £1.8m
    Q4 25
  • £2.1m
    Q1 26
  • £2.4m
    Q2 26

Metrics

Actuals vs plan, with extraction confidence.

Metrics
MetricValuevs. planConfidence
ARR£2.4mOff plan
71%
ARR Growth31.0%Off plan
68%
Cash Balance£3.9mOn plan
86%
Net Burn£0.4mOff plan
74%
Runway10.8 moOff plan
66%
Gross Margin44.0%Off plan
39%
Net Revenue Retention101.0%On plan
50%
Churn7.8%Off plan
45%
Pipeline Value£4.2mOn plan
36%