Financials
Three-scenario forecast
H1 2025 through H1 2026 are actuals. Everything after Q2 2026 is a plan, not a close. The base case funds a second delivery pod. The optimistic case needs ports to convert.
- Conservative
- $8.46M
- Base
- $9.66M
- Optimistic
- $11.3M
FY 2026 · $11.2M FY 2027
No new logos after the current legal-stage deals. One delayed go-live per half. Software-only mix stays high.
FY 2026 · $16.6M FY 2027
Second delivery pod online in Q4 2026. Convert two of three pilots. Ports stay a 2027 motion.
FY 2026 · $23.2M FY 2027
Harborline playbook lands two more ports in H1 2027. Multi-yard dispatch unlocks Northstar's remaining network.
Build
Half-year recognized
| Period | Kind | Conservative | Base | Optimistic |
|---|---|---|---|---|
| H1 2025 | actual | $1,520,000 | $1,520,000 | $1,520,000 |
| H2 2025 | actual | $2,660,000 | $2,660,000 | $2,660,000 |
| H1 2026 | actual | $4,060,000 | $4,060,000 | $4,060,000 |
| H2 2026 | forecast | $4,400,000 | $5,600,000 | $7,200,000 |
| H1 2027 | forecast | $5,200,000 | $7,400,000 | $10,000,000 |
| H2 2027 | forecast | $6,000,000 | $9,200,000 | $13,200,000 |
Do not annualize H2 2026 and call it 2027. The forecast is the only page that looks past the close.