Simply(OTC) SIMPQ

Simply Inc operates retail consumer electronics stores specializing in Apple products and services, supported by Apple-certified technicians. Founded in 1994 and headquartered in Miami, Florida, the company has undergone significant changes, including a name change from Cool Holdings, Inc. in 2020 and a recent voluntary liquidation petition.

Products and Services

• Retail sales of Apple products
• Repair services by Apple-certified technicians
• Consumer electronics accessories and support

Growth Outlook

• Revenue increased to $22.5 million in Q4 2022
• Gross profit margin improved to 18.4% in Q4 2022
• Inventory turnover ratio of 7.61 indicates efficient stock management

Financial Highlights

• Net income of -$6.47 million in Q4 2022
• Operating cash flow of -$3.59 million in Q4 2022
• Current ratio of 0.62 suggests liquidity challenges

Simply Inc has faced significant challenges, including a recent bankruptcy filing, which has impacted its financial stability. Despite these hurdles, the company has shown resilience with a notable increase in revenue and improvements in gross profit margins. The efficient inventory management, as indicated by the high turnover ratio, suggests potential for operational improvements. However, the negative net income and operating cash flow highlight ongoing financial difficulties that need to be addressed for future growth. Investors may find the company's focus on Apple products and services appealing, but should consider the current financial landscape and operational challenges.