Draft a concise board update memo for this quarter

You are helping me write a board update memo for {{COMPANY_NAME}}. Here is the raw data I have: {{RAW_DATA_DUMP}}. My board meeting is on {{MEETING_DATE}}.

1. Open with a one-paragraph 'State of the Business' (3-5 sentences max): net revenue or ARR, MoM or YoY growth rate, and one honest sentence about the biggest risk right now.
2. Write a 'Wins' section (3 bullet points max). Each bullet must state what happened, the number that proves it, and why it matters strategically — not just operationally.
3. Write a 'Misses' section (2-3 bullet points). For each miss, state what we expected, what actually happened, what we now believe caused it, and what we changed or will change.
4. Write a 'Decisions Needed' section. List 1-3 items where I need the board's input or approval. Frame each as a question, not a statement.
5. Close with a 'Next 90 Days' section: three concrete, measurable goals with an owner and a due date.

Tone: direct, no hedging, no jargon. Assume the board has already read the metrics dashboard and does not need every number restated. Flag if any section lacks enough data to be credible — do not invent numbers.