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Fluxx

Financials Narrative

The Financials section is the narrative read of the Fluxx financial model, the story the numbers tell. The model itself (v2.0_Fluxx_Financial_Model.xlsx) is the source-of-truth artifact; this section is the explainer that pairs with it for investor conversations, board prep, and internal alignment.

This section is Tier 2 only. Detailed financials are not Tier 1 wiki content. The Pitch Decks section holds the investor-facing financial summary slides; this section holds the narrative behind those slides.

Pages in this section

  • v2.0 Financial Model, The current canonical model. Kruze-shaped, Fluxx-standalone, Series A-ready. 12 tabs (README, Summary, Assumptions, Headcount, Revenue, P&L, Cash Flow, Balance Sheet, Sources & Uses, KPI Dashboard, Scenarios, Notes). Replaces v1.4 (JV-shaped) per Q-G89. Narrative tour of the 12 tabs, Y1-Y5 headline numbers with driver assumptions, sensitivity points, Y1 cash gap with three resolution paths, companion dashboard link.

Y5 headline numbers (placeholder assumptions, per S123)

  • Revenue: $31.1M
  • EBITDA: $21.4M
  • Gross Margin: about 91 percent
  • Core team: 15 named roles (8-10 FTE engineering core, plus founders, creative supervisors, on-set ops, sales)
  • Series A ask: $10M placeholder (vs 2026 median $15M)

All figures are modeled, not actuals. Methodology footnote applies per Pre-Deck Brief Rule. Series A close target Jan 2027 (Y2 M1).

The Y1 cash gap (current open call)

The v2.0 model surfaces a Y1 shortfall: $500K starting cash placeholder against approximately $2.4M Y1 spend, ending Y1 about $1.9M underwater before Series A close. Three resolution paths surfaced in the dashboard:

  1. Confirm actual Jan 2026 cash balance. Placeholder may understate.
  2. Reduce Y1 outsourced spend. Defer Cat 1 starts. Push Norman M4 plus M5 to Y2.
  3. Bridge raise or convertible note in 2026.

Implicit fourth path: accelerated Series A. See v2.0 Financial Model > Y1 Cash Gap for the math and the per-driver breakdown.

Open items (S124 Task #13)

  • Y1 cash gap resolution. Top priority for the build phase kickoff.
  • Series A ask lock. First investor conversations.
  • GPU cloud provider stack pick (Q-G49 §7). Unblocks v2.0 cloud opex line.
  • CTO comp band ($250K-$300K placeholder). Founder-market data needed.
  • Mentor section to add to Headcount tab. Equity-only or modest stipend plus equity.
  • Equipment loan / lease ($500K-$2.5M cumulative placeholder).

Source files (pre-synthesis)

  • 02_Working/Financial_Models/v2.0_Fluxx_Financial_Model.xlsx (primary)
  • 02_Working/Financial_Models/v2.0_Fluxx_Financial_Dashboard.html (4-slide visualization companion)
  • 02_Working/Financial_Models/v1.4_FG_JV_Financial_Model.xlsx (predecessor, JV-shaped, superseded by Fluxx-standalone)
  • 02_Working/Strategy/Dev_Roadmap/Fluxx_Development_Plan_v0.3.docx (cost envelope source)

Audience visibility

investor, counsel. Tier 2 only.