Appendix 4C and Quarterly Activities Report
| Stock | Simble Solutions Ltd (SIS.ASX) |
|---|---|
| Release Time | 31 Jul 2025, 8:34 a.m. |
| Price Sensitive | Yes |
Simble Solutions Ltd Releases Quarterly Activities Report
- Successful SimbleSense pilot with Ascona Group, discussions on potential rollout
- Uniting (Victoria and Tasmania) and Intellihub enter software contracts
- Company exploring AI integration to business processes
Simble Solutions Limited (ASX:SIS) has released its Quarterly Activities Report for the quarter ended 30 June 2025. Key highlights include the successful completion of a SimbleSense pilot with 6 Ascona Group sites in the UK, with the company now in discussions regarding a potential rollout across Ascona's remaining sites. The company also announced that Uniting (Victoria and Tasmania) Ltd and digital energy management company Intellihub have entered into software contracts to roll out Simble's CarbonView platform. Additionally, Simble is undertaking a business-wide review to better integrate and implement artificial intelligence into its business processes, including exploring opportunities within the Bittensor (TAO) network. Financially, the company received $130k in customer cash receipts, with a net cash used in operating activities of $381k. Simble completed an equity raise of $527k during the quarter, resulting in a cash balance of $553k as of 30 June 2025. The company also provided an update on its headcount, which stands at 15 employees across Australia, the UK, and Vietnam.
The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.
The company is forecasting an improved business performance in the upcoming quarter and is pursuing additional capital and debt options to support the ongoing funding requirements of the business.