Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 48

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 4
Chunk 48
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 end-to-end solution.

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  Table of Contents  

Revenue
Streams

As
an end-to-end integrated facility solution provider, we provide a myriad of products as listed and each comes with a different revenue
structure. Details of our SIMPPLE Ecosystem solution suite comprising SIMPPLE Software, SIMPPLE Robotics, SIMPPLE Exchange, SIMPPLE A. I.
and Consultancy Services are outlined below:

1. SIMPPLE Software SaaS Platform

The
revenue model for SIMPPLE Software stems from two sources: (a) one-time professional services fee for project set-up, testing, training
and commissioning; and (b) recurring software-as-a-Service (“ SaaS”) user license subscription fees. This model ensures cash
flow optimization while minimizing ongoing contractual administration.

Our
target customers are property developers or building owners, facilities management companies, and service contractors such as environmental
services companies, security agencies, horticulture and maintenance companies. These customer segments, especially Building Service Contractors,
account for almost all of SIMPPLE Software’s revenue stream.

Facilities
management and related contracts typically run from 2 to 5 years depending on the contract owner and our subscription duration usually
runs back-to-back with the customer. Contract owners usually start planning for operational continuity 3 to 6 months for brownfield projects
and up to 12 to 24 months for greenfield projects. Our average sales cycle for SIMPPLE Software is 4 months from lead qualification to
booking.

2. SIMPPLE Robotics Business Model

The
SIMPPLE Robotics product line complements SIMPPLE Software in that these are complementary hardware peripherals that works hand in hand
to enable a more productive workforce. Like SIMPPLE Software, SIMPPLE Robotics target customers are mainly asset owners, facility management
companies, as well as service contractors such as environmental services companies, and security agencies.. Robotic distributors also
form part of our client base as they want to provide a wide range of robotic solutions and traditional hardware offerings to their end
clients. These customer segments account for almost all of SIMPPLE Robotics revenue stream. Facility management and related contracts
typically run from 3 to 6 years depending on the contract owner and the Company’s contract duration usually run back-to-back with
the customer, unless they purchase the Company’s systems (e. g. robotics and cameras) directly. Contract owners usually start planning
for operational continuity 6 to 9 months for brownfield projects and