Ferro Analytics
On planProcess analytics for heavy industry, instrumenting furnaces and rolling mills to cut energy per tonne.
Industrial SoftwareSeries BItalyInvested Jan 17, 2022Lead: Dave
Next board meeting
Thu, August 13
in 2 weeks
Status rationale: Infrastructure optimisation added five points of gross margin, and the quarter closed slightly ahead on ARR.Updated Jul 24, 2026
ARR
£6.3m
Budget: £6.1m+3%
ARR Growth
19.0%
Budget: 17.0%+12%
Cash Balance
£5.1m
Budget: £4.8m+6%
Net Burn
£0.2m
Budget: £0.3m-19%
Runway
23.2 mo
Budget: 17.8 mo+30%
Gross Margin
71.0%
Budget: 66.0%+8%
Net Revenue Retention
114.0%
Budget: 109.0%+5%
Churn
3.4%
Budget: 4.1%-17%
Pipeline Value
£7.2m
Budget: £6.5m+11%
ARR Trend (last 5 quarters)
- £4.4mQ2 25
- £4.9mQ3 25
- £5.4mQ4 25
- £5.9mQ1 26
- £6.3mQ2 26
Metrics
Actuals vs plan, with extraction confidence.
| Metric | Value | vs. plan | Confidence |
|---|---|---|---|
| ARR | £6.3m | On plan | 90% |
| ARR Growth | 19.0% | On plan | 86% |
| Cash Balance | £5.1m | On plan | 93% |
| Net Burn | £0.2m | On plan | 80% |
| Runway | 23.2 mo | On plan | 74% |
| Gross Margin | 71.0% | On plan | 45% |
| Net Revenue Retention | 114.0% | On plan | 56% |
| Churn | 3.4% | On plan | 51% |
| Pipeline Value | £7.2m | On plan | 40% |