An announcement from Norwood Systems Ltd ( (AU:NOR) ) is now available.
Norwood Systems Ltd has addressed concerns about its financial condition by highlighting ongoing negotiations with major telecommunications operators in Australia and the UK, which could lead to significant cash inflows and secure its operational funding for 2025 and 2026. The company is leveraging various financial strategies, including a cash drawdown facility and R&D loan facility, to ensure it meets its business objectives and maintains its status as a going concern.
More about Norwood Systems Ltd
Norwood Systems Ltd operates in the telecommunications industry, focusing on providing innovative communication services. Its primary products include the CogVoice Voicemail offering, which aims to refresh legacy voicemail platforms. The company is actively engaging with major telecommunications operators in Australia and the United Kingdom to expand its market reach and secure recurring revenue streams.
YTD Price Performance: -40.0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €7.18M
For a thorough assessment of NOR stock, go to TipRanks’ Stock Analysis page.