Lumen Logistics
At riskFreight visibility software for mid-market shippers, covering road and short-sea lanes across northern Europe.
Logistics / SaaSSeries BNetherlandsInvested Sep 2, 2021Lead: Lawrence
Next board meeting
Tue, July 28
now
Status rationale: Runway fell to 5.3 months from 6.4 at Q1 as European freight softness held volumes flat for a third consecutive quarter.Updated Jul 26, 2026
ARR
£4.2m
Budget: £5.1m-18%
ARR behind plan
ARR Growth
3.0%
Budget: 9.0%-67%
Growth behind plan
Cash Balance
£2.2m
Budget: £3.0m-27%
Cash below plan
Net Burn
£0.4m
Budget: £0.4m+11%
Runway
5.3 mo
Budget: 8.0 mo-34%
Runway under six months
Gross Margin
61.0%
Budget: 64.0%-5%
Net Revenue Retention
96.0%
Budget: 103.0%-7%
Retention below plan
Churn
9.1%
Budget: 6.0%+52%
Churn above plan
Pipeline Value
£3.1m
Budget: £4.4m-30%
Pipeline below plan
ARR Trend (last 5 quarters)
- £3.8mQ2 25
- £4.0mQ3 25
- £4.1mQ4 25
- £4.1mQ1 26
- £4.2mQ2 26
Metrics
Actuals vs plan, with extraction confidence.
| Metric | Value | vs. plan | Confidence |
|---|---|---|---|
| ARR | £4.2m | Off plan | 88% |
| ARR Growth | 3.0% | Off plan | 84% |
| Cash Balance | £2.2m | Off plan | 91% |
| Net Burn | £0.4m | On plan | 79% |
| Runway | 5.3 mo | Off plan | 72% |
| Gross Margin | 61.0% | On plan | 44% |
| Net Revenue Retention | 96.0% | Off plan | 55% |
| Churn | 9.1% | Off plan | 48% |
| Pipeline Value | £3.1m | Off plan | 38% |