Key points
- Revenues down 25.4% to $1.42M
- Loss down 13.2% to $1.20M
- Cash balance at $322,666
Full summary
Simble Solutions Limited reported a 25% decrease in total revenues to $1,424,595 for the year ended 31 December 2024, down from $1,909,782 in the previous year. Sales revenue decreased by 9% to $1,408,181, while other revenue was $16,414, down 94% from $364,701 in the prior year. Revenues from continuing activities increased by 12% to $1,389,118. The loss for the Group after providing for income tax amounted to $1,197,885, down 13.2% from $1,379,693 in the previous year. Energy Intelligence total revenues increased by 15% to $1,164,505, with SimbleSense SaaS revenue up 22% and SimbleConnect SaaS revenue up 255%. Carbon Reporting revenues decreased by 4% to $224,613. Net cash used in operating activities decreased by 10% to $1,314,904. The cash balance at 31 December 2024 was $322,666. As part of Simble's strategic expansion into sustainability and carbon neutrality, the company is actively building new resources and capabilities and seeking new projects.