Simble Solutions edges closer to $1 million in annual recurring revenue as major customer rollouts advance and its NanoSensor program moves forward along a structured development pathway.
- Annual recurring revenue reaches $997k across SimbleSense and CarbonView
- Ascona Group and Serenitas rollouts nearing completion
- Hugo Boss expands pilot to multiple London sites
- Intellihub adds 544 meters, total now 12,682
- NanoSensor development progressing through five-stage program
ARR Approaches $1 Million Driven by Platform Expansion
Simble Solutions Limited (ASX:SIS) is closing in on a significant milestone with annual recurring revenue (ARR) reaching $997,000, split between $745,000 from its SimbleSense energy management platform and $252,000 from the CarbonView sustainability reporting tool. This growth underscores the company’s ability to convert pilot projects and channel partnerships into steady revenue streams.
Key contributors include Intellihub, which has added 544 new meters since April, pushing the total managed on SimbleSense to 12,682. This meter growth supports ongoing platform adoption and recurring usage, particularly across Australian clients like RAA in South Australia.
Major Customer Rollouts Progressing on Schedule
The rollout with the UK-based Ascona Group is advancing steadily, with 52 of 69 sites installed under a three-year contract valued at $760,000 (£370,000). Completion is targeted for July 2026, with the full deployment expected to generate approximately $155,000 in annual SaaS revenue.
Simble is also expanding its footprint with Hugo Boss after a successful pilot in the UK. The rollout now includes three additional Central London sites, with plans to extend to over 40 locations later this year. This progression illustrates Simble’s capability to scale pilot programs into broader multi-site deployments.
Meanwhile, the CarbonView subscription rollout for Serenitas, which manages 31 residential land lease communities across four Australian states, is nearing completion. The contract is valued at $130,000 over three years and expected to be fully implemented by the end of June.
NanoSensor Development Advances Along Five-Stage Pathway
Beyond software, Simble is pushing forward with its NanoSensor development program, acquired through Next Nano Pty Ltd in December 2025. The program follows a defined five-stage pathway encompassing sensor fabrication, capability testing, benchmark testing, prototype development, and customer trials. The company intends to provide updates as each workstream matures, aiming to extend its energy and sustainability technology platform into hardware and sensing capabilities.
This initiative builds on prior strategic collaborations and acquisitions, positioning Simble to potentially integrate nanosensor technology into its existing platforms, enhancing its offering in energy monitoring and carbon management. The NanoSensor program represents a longer-term technology horizon beyond the company’s current SaaS revenue base.
Near-Term Focus on Revenue Growth and Technology Positioning
Simble’s immediate priorities include completing the remaining rollout milestones for Ascona and Serenitas, advancing the Hugo Boss multi-site deployment, and continuing meter growth through channel partners like Intellihub. The company is actively pursuing new customer opportunities in Australia and Europe to broaden its recurring revenue base.
Simultaneously, Simble is advancing the NanoSensor program alongside its established software platforms, aiming to balance near-term commercial execution with strategic technology development. This dual focus is intended to solidify the company’s current revenue streams while laying the groundwork for future growth avenues.
Bottom Line?
Simble’s near-term trajectory hinges on converting ongoing rollouts into sustained revenue while its NanoSensor program charts a promising, albeit early-stage, technology expansion.
Questions in the middle?
- How quickly can NanoSensor development translate into commercial products and revenue?
- Will the Hugo Boss rollout scale as planned beyond the initial 40 sites this year?
- Can Simble sustain meter growth momentum through Intellihub and other channel partners?