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Subject
FWD: Q3 Financial Package - Board Meeting This Friday
---------- Forwarded message ----------
From: Sarah Chen <s.chen@techflow.com>
Date: Tue, Oct 15, 2024 at 3:45 PM
Subject: Q3 Financial Package - Board Meeting This Friday
To: CFO Team <cfo-team@techflow.com>
Team,
Attached are the Q3 numbers. Revenue came in at $2.1M (vs $2.3M budget), gross margin held at 68%, but operating expenses ran 12% over budget due to the unexpected legal fees and accelerated hiring in engineering. Cash position is $890K, down from $1.2M last quarter.
Sales team is projecting Q4 at $2.6M but I'm concerned about the pipeline conversion rates. Also, our largest client (DataCorp - 23% of revenue) is renegotiating terms.
Need this synthesized for Friday's board meeting. They'll want to understand the revenue miss and cash burn trajectory.
Thanks,
Sarah
From: Sarah Chen <s.chen@techflow.com>
Date: Tue, Oct 15, 2024 at 3:45 PM
Subject: Q3 Financial Package - Board Meeting This Friday
To: CFO Team <cfo-team@techflow.com>
Team,
Attached are the Q3 numbers. Revenue came in at $2.1M (vs $2.3M budget), gross margin held at 68%, but operating expenses ran 12% over budget due to the unexpected legal fees and accelerated hiring in engineering. Cash position is $890K, down from $1.2M last quarter.
Sales team is projecting Q4 at $2.6M but I'm concerned about the pipeline conversion rates. Also, our largest client (DataCorp - 23% of revenue) is renegotiating terms.
Need this synthesized for Friday's board meeting. They'll want to understand the revenue miss and cash burn trajectory.
Thanks,
Sarah
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