Simble Solutions Ltd. (AU:SIS) has released an update.
Simble Solutions Limited reported a 13% quarterly increase in customer receipts to $450k for Q2 FY24, despite a 29% decrease compared to the same quarter last year. The company showed improvement in net cash used in operating activities, with a 37% reduction compared to H1 FY23, and maintained a healthy cash balance with an estimate of 3.7 quarters of funding available. Simble is also experiencing growth and expansion, with an increase in meters installed, new customer trials, and expansion into China and Singapore.
For further insights into AU:SIS stock, check out TipRanks’ Stock Analysis page.
