Norwood Systems Ltd (AU:NOR)
ASX:NOR
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Norwood Systems Ltd
(Sydney:NOR)
Select Model
Select Model
Rating:45Neutral
Price Target:
AU$0.01
▲(30.00% Upside)
Action:Reiterated
Date:06/18/26
The score is primarily held down by weak financial performance: persistent losses, negative equity, and deteriorating free cash flow outweigh strong top-line growth. Technicals provide some support due to price strength versus longer-term moving averages, but momentum appears stretched. Valuation remains constrained because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Strong Revenue Growth
Sustained triple-digit top-line growth demonstrates clear demand and product-market fit for its communications software. Over 2-6 months this growth can expand customer scale, improve bargaining with partners, and create leverage to absorb fixed costs as the business matures.
Negative Factors
Negative Profitability
Persistently negative gross and net margins indicate the core product and delivery model currently lose money at scale. Over months this undermines sustainable unit economics, limits reinvestment capacity, and requires either meaningful cost reductions or pricing changes to reach lasting profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained triple-digit top-line growth demonstrates clear demand and product-market fit for its communications software. Over 2-6 months this growth can expand customer scale, improve bargaining with partners, and create leverage to absorb fixed costs as the business matures.
Read all positive factors
Norwood Systems Ltd (NOR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.36M
Dividend YieldN/A
Average Volume (3M)499.77K
Price to Earnings (P/E)―
Beta (1Y)0.35
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 Ratio0.21
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, an Australian technology firm established in 2011 and based in Nedlands, specializes in providing a full suite of mobile communication and cybersecurity solutions. The company serves a global clientele, including individua...
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
Positive
0.01
Price Trends
0.01
Positive
0.01
Positive
0.01
Negative
Market Momentum
<0.01
Negative
55.22
Neutral
38.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NOR, the sentiment is Positive. 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 0.01, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.22 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$1.79B | 125.00 | 3.49% | ― | 26.11% | ― | |
62 Neutral | AU$1.96B | 80.31 | 5.01% | ― | 3.78% | -9.98% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | AU$1.64B | 58.35 | 4.61% | 1.27% | 8.25% | -11.18% | |
45 Neutral | AU$7.36M | -10.18 | 108.60% | ― | 180.00% | 63.04% | |
45 Neutral | AU$16.99M | -0.78 | 169.73% | ― | 0.17% | -85.78% | |
44 Neutral | AU$25.78M | -53.38 | -26.59% | ― | -22.41% | ― |
* Communication Services Sector Average
AU:NOR
Norwood Systems Ltd
0.01
>-0.01
-35.00%
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Norwood Systems Ltd Corporate Events
Norwood Secures A$2.5m in New Deals as It Showcases Carrier-Native Voice AI Strategy
Jun 17, 2026
Norwood Systems has released a new investor presentation after securing more than A$2.5 million in recent contracted activity in June 2026 with Tier-1 operators in APAC and the UK. The deals include expanded work on existing production programs, c...
Norwood Systems Secures Paid AI Voice Pilot With Major UK Telco
Jun 16, 2026
Norwood Systems has signed a paid pilot trial agreement with a major UK telecommunications provider to deploy its OpenSpan AI Services Orchestration Platform and selected CogVoice AI voice applications. The three-month pilot, hosted on Microsoft A...
Norwood launches OpenSpan Voice AI pilot with major Australian telco and Microsoft
Jun 2, 2026
Norwood Systems has launched an OpenSpan Voice AI pilot with a major tier-one Australian telecommunications provider, working in collaboration with Microsoft to validate AI-powered call handling, concierge and receptionist services for small and m...
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...
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.