FinFeed: Focus to turn to Simble’s recurring revenues
Despite the March quarter traditionally being a quiet one for Simble Solutions (ASX:SIS), a provider of software solutions for essential services such as energy management, the company delivered year-on-year sales growth of 67%.
Equally impressive was Simble’s ability to substantially trim costs, a result better than that flagged in management’s prior guidance.
For smaller companies in the tech sector, controlling expenditure is often difficult, but the company appears to have reached a stage now where this has stabilised, evidenced by the sharp decline in net operating cash burn from $1.47 million to $650,000.