Norwood Systems Ltd (AU:NOR)
ASX:NOR
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Norwood Systems Ltd
(Sydney:NOR)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:ReiteratedDate:05/07/26
The score is driven primarily by elevated financial risk: negative margins, negative equity, and weakening cash flow trends outweigh the strong revenue growth. Technicals add pressure as the stock trades below major moving averages with negative MACD, while valuation is hard to support given negative earnings and no stated dividend yield.
Positive Factors
Strong revenue growth
Sustained high revenue growth indicates clear market traction for Norwood's cloud communications offerings. Over 2-6 months this supports scalable subscription expansion, strengthens partner bargaining power, and provides a revenue base to invest in product improvements and go-to-market execution if unit economics can be improved.
Negative Factors
Negative gross and net margins
Persistently negative gross and net margins signal weak unit economics and cost structure problems in the core business. Over several months this undermines profitability leverage from revenue growth, requiring meaningful pricing, product or cost changes to achieve sustainable margins and fund growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained high revenue growth indicates clear market traction for Norwood's cloud communications offerings. Over 2-6 months this supports scalable subscription expansion, strengthens partner bargaining power, and provides a revenue base to invest in product improvements and go-to-market execution if unit economics can be improved.
Read all positive factors
Norwood Systems Ltd (NOR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.66M
Dividend YieldN/A
Average Volume (3M)499.77K
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth180.00%
EPS Growth63.04%
CountryAU
Employees3
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding565,927,600
10 Day Avg. Volume568,530
30 Day Avg. Volume499,774
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)-12.93
Price to Sales (P/S)5.08
P/FCF Ratio-14.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Norwood Systems Ltd Business Overview & Revenue Model
Company Description
Norwood Systems Limited provides mobile voice, messaging, data, and cyber security services to consumers, enterprises, and carriers worldwide. The company offers World Voicemail, a visual voicemail app; SecondLine for business and personal communi...
How the Company Makes Money
Norwood Systems makes money primarily by commercialising its communications software and associated services. Key revenue streams include: (1) Software licensing and subscriptions for its voice and unified communications offerings (including cloud...
Norwood Systems Ltd Financial Statement Overview
Summary
Income Statement
15
Very Negative
Balance Sheet
10
Very Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.66M | 1.90M | 1.14M | 964.20K | 1.23M | 1.05M |
| Gross Profit | -185.33K | -739.75K | -1.44M | -1.30M | -453.76K | -632.00K |
| EBITDA | -373.22K | -219.07K | -2.44M | -1.74M | -902.00K | -1.41M |
| Net Income | -872.19K | -599.72K | -2.58M | -1.89M | -1.08M | -871.00K |
Balance Sheet | ||||||
| Total Assets | 766.50K | 1.43M | 522.91K | 752.59K | 917.80K | 327.84K |
| Cash, Cash Equivalents and Short-Term Investments | 37.95K | 137.76K | 68.98K | 380.14K | 496.93K | 58.47K |
| Total Debt | 250.72K | 950.45K | 767.23K | 790.01K | 965.89K | 535.40K |
| Total Liabilities | 1.63M | 2.18M | 1.75M | 1.85M | 1.75M | 1.48M |
| Stockholders Equity | -859.32K | -746.91K | -1.23M | -1.10M | -835.13K | -1.15M |
Cash Flow | ||||||
| Free Cash Flow | -160.24K | -653.22K | -2.01M | -1.22M | -1.09M | -403.88K |
| Operating Cash Flow | -160.24K | -653.22K | -2.00M | -1.18M | -1.09M | -402.94K |
| Investing Cash Flow | -149.24K | -149.24K | -2.67K | -39.78K | -3.03K | -939.00 |
| Financing Cash Flow | 128.04K | 871.25K | 1.70M | 1.10M | 1.53M | 309.63K |
Norwood Systems Ltd Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
26.35
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NOR, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 26.35 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NOR.
Norwood Systems Ltd Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$1.80B | 64.94 | 3.49% | ― | 26.11% | ― | |
62 Neutral | AU$1.95B | 26.24 | 5.01% | ― | 3.78% | -9.98% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | AU$1.54B | 72.38 | 4.61% | 1.27% | 8.25% | -11.18% | |
45 Neutral | AU$9.87M | -0.41 | 169.73% | ― | 0.17% | -85.78% | |
44 Neutral | AU$30.33M | 5.86 | -26.59% | ― | -22.41% | ― | |
43 Neutral | AU$5.66M | -1.87 | 108.60% | ― | 180.00% | 63.04% |
* Communication Services Sector Average
AU:NOR
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Norwood Systems Ltd Corporate Events
Norwood lifts customer receipts as Tier-1 telco pipeline and AI products advance
Apr 30, 2026
Norwood Systems reported stronger March quarter customer receipts of $623,000 and a modest net operating cash outflow of $137,000, while maintaining positive operating cash flow of $13,000 for the nine months to 31 March 2026. The company ended th...
Norwood Systems Secures Additional $80,000 in Working Capital Funding
Apr 23, 2026
Norwood Systems has secured an additional $80,000 in working capital via a variation to its existing loan facility, bringing the total facility to $200,000, which is now fully drawn. The loan, provided by Plough Lane Superannuation Pty Ltd, contro...
Norwood Systems secures $200,000 working capital facility from major shareholder
Feb 26, 2026
Norwood Systems has secured a new working capital facility of up to AU$200,000, arranged in two tranches, to support near-term funding needs and growth initiatives. The first AU$150,000 is available immediately, with a further AU$50,000 accessible...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.