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The latest update is out from Norwood Systems Ltd ( (AU:NOR) ).
Norwood Systems reported a record preliminary unaudited recognised revenue of $2.1 million for the first half of FY2026, underpinned by steady milestone progress on its CogVoice™ Voicemail deployment with Optus, including completion and payment of the fourth and fifth contractual milestones and customer cash receipts already exceeding $480,000 early in the March quarter. The company also successfully completed a paid proof-of-concept for its OpenSpan™ Call Protect product with a Tier-1 Asia-Pacific operator, advanced a growing global Tier-1 telco pipeline across North America, EMEA and APAC, deepened joint go-to-market work with Microsoft and architecture collaboration with AWS, progressed internal development and planned alpha testing for its MoCA™ coding tool, and strengthened its balance sheet through an oversubscribed $650,000 share placement and debt reduction, signaling disciplined execution and positive traction in scaling its AI-driven telco and software offerings.
The most recent analyst rating on (AU:NOR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Norwood Systems Ltd stock, see the AU:NOR Stock Forecast page.
More about Norwood Systems Ltd
Norwood Systems Ltd (ASX: NOR) is a cloud-native AI service platform innovator focused on advanced communications solutions for Tier-1 telecommunications operators globally. Its core offerings include CogVoice™ Voicemail and OpenSpan™ Call Protect, which enhance carrier voicemail and call protection services, complemented by strategic partnerships with major technology providers such as Microsoft and AWS and a long-standing telco relationship with Spark NZ. The company is also developing MoCA™ (Manager of Coding Agents), a horizontal software development productivity tool that repurposes its telco-focused agentic orchestration technology for broader software engineering use cases.
Average Trading Volume: 587,417
Technical Sentiment Signal: Sell
Current Market Cap: A$7.36M
See more insights into NOR stock on TipRanks’ Stock Analysis page.