Logo

SPPL

SIMPPLE Ltd. Ordinary Shares

SPPL

SIMPPLE Ltd. Ordinary Shares • NASDAQ
$3.53 ▼ -8.31% (-0.32)
Market Cap $17.20 M
52w High $16.80
52w Low $2.18
Dividend Yield 0%
P/E -14.12
Volume 2.07K
Outstanding Shares 4.87M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $2.362M ▲ $3.35M ▲ $-1.73M ▲ -73.241% ▲ $-0.098 ▲ $-1.563M ▲
Q2-2024 $1.412M ▼ $3.333M ▼ $-2.203M ▲ -156.074% ▲ $-1.11 ▲ $-2.067M ▼
Q4-2023 $1.646M ▲ $3.986M ▲ $-3.268M ▼ -198.514% ▼ $-1.45 ▼ $-670.649K ▼
Q2-2023 $697.005K $1.009M $-516.982K -74.172% $-0.29 $-517.503K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $514.825K ▼ $6.617M ▲ $4.171M ▼ $2.446M ▲
Q2-2024 $1.466M ▲ $5.999M ▼ $4.711M ▼ $1.289M ▼
Q4-2023 $1.187M ▲ $8.763M ▲ $5.217M ▼ $3.547M ▲
Q2-2023 $73.321K ▼ $5.296M ▼ $6.007M ▲ $-710.925K ▼
Q4-2022 $535.023K $5.832M $5.509M $323.041K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-1.267M ▲ $-1.779M ▼ $-749.361K ▼ $1.781M ▲ $-704.078K ▼ $-1.779M ▼
Q2-2024 $-1.673M $907.477K $-316.255K $-381.255K $1.081M $895.67K

Five-Year Company Overview

Income Statement

Income Statement SPPL’s income statement reflects a very early‑stage business. Reported revenue is essentially negligible over the past few years, and results are dominated by operating and net losses rather than sales growth. The losses look manageable in absolute terms but highlight that the company is still in the build‑out and experimentation phase, not yet in a proven, scalable commercial phase. Earnings per share have been negative in each of the past years, with some improvement recently but still clearly in loss‑making territory. Overall, profitability is unproven and depends on successfully converting its technology platform into recurring, meaningful revenue.

Balance Sheet

Balance Sheet The balance sheet appears light and simple, with a small asset base and no reported financial debt. This low leverage reduces balance‑sheet risk but also suggests the company does not yet have a large capital cushion or asset backing. Equity is present but modest, reinforcing the picture of a young, relatively small company still ramping up. In practice, SPPL is likely reliant on equity capital from its listing and future capital raises rather than on internal resources or borrowing capacity. Financial flexibility will depend heavily on access to external funding as it scales.

Cash Flow

Cash Flow Cash flow patterns are consistent with an early‑stage technology company. Operating cash flow has been slightly negative, reflecting spending on operating costs and development without offsetting revenue. Free cash flow mirrors this pattern, with little to no capital expenditure but ongoing cash outflows from operations. The cash burn does not appear extreme, but with minimal reported cash on hand in this summary data, the business’s ability to fund growth will depend on maintaining access to new capital or quickly improving commercial traction. Sustainability of the cash profile will be a key factor to watch.

Competitive Edge

Competitive Edge SPPL operates in the property technology space, focusing on facility management software tightly integrated with robotics and IoT. Its main edge is the SIMPPLE Ecosystem: a unified platform that can automate cleaning, monitoring, and other building operations, supported by an AI decision engine. This integrated, end‑to‑end approach can create switching costs for customers and generate data advantages over time. However, the company is still small and relatively new, competing in a field that includes larger software, building automation, and robotics firms. Its competitive position will depend on winning reference customers, proving measurable efficiency gains, and successfully expanding beyond its home market.

Innovation and R&D

Innovation and R&D Innovation is clearly the centerpiece of SPPL’s story. The company is combining AI, video analytics, robots, and sensors into a single operating system for facilities. Products like its multi‑functional Orion robot and the SIMPPLE Vision video analytics platform show a push toward higher autonomy and more intelligent use of existing infrastructure, such as CCTV systems. SPPL is investing IPO proceeds into R&D, and it is pursuing patents to protect its technology, which could reinforce its moat if adoption grows. The flip side is that sustained R&D spending will keep pressure on the income statement and cash flows until commercialization catches up, and the company must continuously innovate to stay ahead in a fast‑moving AI and robotics landscape.

Summary

Overall, SPPL looks like an early‑stage, innovation‑driven PropTech company with a strong technology narrative but very limited financial track record. The business is still pre‑scale, with negligible revenue, ongoing losses, and modest assets. On the positive side, it has no financial debt and a focused strategy built around an integrated AI‑robotics ecosystem for facility management, which could create meaningful differentiation if widely adopted. The main uncertainties center on execution: converting pilots into recurring contracts, scaling internationally, maintaining funding, and proving that its platform can deliver durable economic value to customers. Until those pieces are clearer, the story remains high on potential but also high on dependence on future commercial success.