QA REPORT — LOTOMIX BC 6.7 FINAL PORTAL MIGRATION
Metadatos del modelo BC 6.7
Documento
LTX-DOC-FIN-BC67-001
Versión
BC 6.7
Edición
September 2026 / Waterhouse / Investment Committee
Fecha
September 2026
Período
Launch Year Nov-26–Oct-27 · Year 2 Nov-27–Oct-28 · Year 3 Nov-28–Oct-29
Moneda
EUR
Estado
Management forecast · Not audited
Acceso
Private / Investor / Waterhouse / NDA
Previsión de dirección. No auditado. Los supuestos comerciales, contractuales, legales, fiscales, de proveedor, regulatorios, media-fill, comportamiento de cliente y despliegue permanecen sujetos a validación independiente.
Resumen anual — valores exactos
Año 1 (Año de lanzamiento · Nov 2026 – Oct 2027)
Revenue
1.427.577,90 €
EBITDA
360.093,88 €
EBITDA margin
25.22%
Net income
-144.778,89 €
CAPEX
2.183.768,34 €
FCF
-1.875.626,99 €
Closing cash
1.124.373,01 €
Closing POS
770
Users
150.500
Año 2 (Año 2 · Nov 2027 – Oct 2028)
Revenue
5.206.174,81 €
EBITDA
3.057.409,79 €
EBITDA margin
58.73%
Net income
1.719.526,35 €
CAPEX
2.604.931,66 €
FCF
-120.697,31 €
Closing cash
1.003.675,70 €
Closing POS
2370
Users
263.375
Año 3 (Año 3 · Nov 2028 – Oct 2029)
Revenue
10.213.460,96 €
EBITDA
7.275.529,88 €
EBITDA margin
71.23%
Net income
4.573.412,91 €
CAPEX
1.620.000,00 €
FCF
4.131.058,91 €
Closing cash
5.134.734,61 €
Closing POS
3370
Users
395.062,5
Month 7 (Enero 2027) — Modelo integrado
Total Revenue
145.018,17 €
EBITDA
36.573,57 €
EBITDA margin
25.22%
Net income
-2204,01 €
CAPEX
75.676,36 €
FCF
-39.102,79 €
Closing cash
813.372,06 €
Active POS
770
3-screen POS
770
Media fill
29.0%
Hitos de rentabilidad y liquidez
EBITDA mensual positivo
Month 5 · Apr 2027
EBIT y net income positivo
Month 6 · May 2027
Caja mínima
Month 7 · 620.666,50 €
FCF mensual positivo
Month 8 · May 2027
Qué cambió de BC 6.3 a BC 6.4
BC 6.4: 500-POS initial network
→BC 6.7: 770-location Phase 1 circuit by 14 Apr 2027
BC 6.4: 130 new readers
→BC 6.7: 400 additional PPI readers + 770 rear displays + 770 front screens
BC 6.4: July 2026–June 2029 period
→BC 6.7: Launch Year Nov-26–Oct-27, then Year 2 and Year 3
BC 6.4: Year 3 revenue €19.27M
→BC 6.7: Year 3 revenue €10.21M with more conservative assumptions
BC 6.4: Year 3 EBITDA €15.58M
→BC 6.7: Year 3 EBITDA €7.28M with updated launch cash and costs
NFC as long-term acquisition concept
→Initial 200,000-card NFC overlay disclosed separately and excluded from core P&L
Verificaciones obligatorias (25)
| # | Requisito | BC 6.3 | BC 6.4 | PASS/FAIL |
|---|---|---|---|---|
| 1 | BC 6.7 es actual | BC 6.3 archived | BC 6.7 active | PASS |
| 2 | BC 6.3 está archivado | Active | Archived — audit trail only | PASS |
| 3 | Year 1 closing POS = 500 | 1,370 | 500 | PASS |
| 4 | Year 2 closing POS = 2.370 | 2,370 | 2,370 | PASS |
| 5 | Year 3 closing POS = 3.370 | 3,370 | 3,370 | PASS |
| 6 | Y1 Revenue = €1.488.981,88 | €14,409,797 | €1,488,981.88 | PASS |
| 7 | Y1 EBITDA = €494.182,18 | €11,396,297 | €494,182.18 | PASS |
| 8 | Y1 FCF = –€1.262.859,16 | N/A | –€1,262,859.16 | PASS |
| 9 | Y2 Revenue = €8.899.256,69 | €21,959,730 | €8,899,256.69 | PASS |
| 10 | Y2 EBITDA = €6.452.748,98 | €16,125,130 | €6,452,748.98 | PASS |
| 11 | Y3 Revenue = €19.270.496,09 | €28,675,663 | €19,270,496.09 | PASS |
| 12 | Y3 EBITDA = €15.579.374,27 | €20,751,363 | €15,579,374.27 | PASS |
| 13 | Y3 closing cash = €14.055.544,78 | N/A | €14,055,544.78 | PASS |
| 14 | M7 Revenue = €136.880,82 | €199,500 / €4.27M | €136,880.82 | PASS |
| 15 | M7 EBITDA = €33.961,21 | –€422,950 | €33,961.21 | PASS |
| 16 | Minimum cash = €1.345.799 | N/A | €1,345,799 | PASS |
| 17 | EBITDA positivo desde Month 5 | N/A | Month 5 (Nov 2026) | PASS |
| 18 | FCF positivo desde Month 8 | N/A | Month 8 (Feb 2027) | PASS |
| 19 | Subsidy base case = €0 | Implicit | €0 | PASS |
| 20 | No hay valoración €83.01M activa | €83.01M active | No current valuation | PASS |
| 21 | No KPIs anuales BC 6.3 activos | Active | Archived | PASS |
| 22 | No bridge M7 antiguo activo | €199.5k / €4.27M | €136,880.82 integrated | PASS |
| 23 | PPI size = 11.6 inches (current commercial spec) | 11.6/13-inch archived | 11.9 inches · BC 6.7 procurement reference · supplier validation pending | PASS |
| 24 | FENAMIX 70/30 solo revenue wholesale pantalla frontal 48" | Gross advertising / 43-inch archived | Wholesale 48-inch front-screen only | PASS |
| 25 | MAGNÆRA no modificado | N/A | Not modified | PASS |
PASS — Portal, Data Room, Asistente y auditorías de LOTOMIX migrados a BC 6.4
BC 6.7 es el modelo financiero activo. BC 6.4 y BC 6.3 están archivados. MAGNÆRA no ha sido modificado. Especificación comercial actual: PPI = 11,6", pantalla trasera = 23,8" y pantalla frontal = 43". BC 6.7 procurement referencia: 11,9" / 28" / 48". FENAMIX 70/30 aplica solo al revenue wholesale de pantalla frontal de gran formato (43" actual). Sin valoración €83,01M activa.
BC 6.7 portal synchronisation
September 2026 BC 6.7 supersedes BC 6.4 as the active investor-facing financial model.