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The latest update is out from Norwood Systems Ltd ( (AU:NOR) ).
Norwood Systems Ltd has announced a twelfth variation to its cash drawdown facility agreement with Balmain Resources Pty Ltd, extending the repayment date to September 3, 2025, while maintaining an interest rate of 7.95% and incurring a $3,000 extension fee. This facility has been crucial in providing Norwood with the working capital needed to secure the Optus contract and support its growth strategy, positioning the company for continued revenue and cash flow expansion in 2025.
More about Norwood Systems Ltd
Norwood Systems (ASX: NOR) is a leading innovator in voice communication services, providing advanced conversational and generative AI technologies to revolutionize global communications. Its solutions enhance user experiences, delivering reliable and cutting-edge voice services to customers worldwide.
YTD Price Performance: -45.45%
Average Trading Volume: 533,406
Technical Sentiment Signal: Sell
Current Market Cap: A$9.29M
For a thorough assessment of NOR stock, go to TipRanks’ Stock Analysis page.