Prepared case · Northstar Labs Demo Inc.
H1 2026 management review
Northstar can grow, but should not commit to the full fixed-cost expansion yet.
CA$1,240,000 of H1 revenue and a 75% gross margin support growth. But CA$340,000 of CA$595,000 in customer balances is past due.
H1 revenue
Monthly recorded revenue moved from CA$185,000 in January to CA$239,000 in June. H1 revenue was CA$1,240,000; these are accounting figures, not cash receipts.
Customer balances
CA$340,000 is past due, DSO is 87 days, and CA$290,000 of customer prepayments still represents work to deliver.
Do this next
Stage capacity, reset deposits and milestone billing, then recheck collections and a 13-week cash view before each fixed-cost step.
Checked against: H1 accounting activity, June 2026 AR aging, and the Bright Retail contract
