FinFeed: Increasing recurring revenue shows Simble’s strength

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Energy management and mobility solutions software group, Simble Solutions (ASX:SIS) has released an outstanding result for the September quarter, featuring doubling in its cash receipts quarter on quarter, the best performance since the company listed on the ASX in February.

As a backdrop, the company’s Software as a Service (SaaS) platform has Internet of Things (IoT) capabilities and enables enterprises and consumers to remotely automate energy savings opportunities to reduce their energy bill.