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Norwood Systems Ltd
(Sydney:NOR)
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Rating:44Neutral
Price Target:
AU$0.02
▲(90.00% Upside)
Action:Reiterated
Date:07/14/26
The score is held down primarily by weak financial fundamentals: negative profitability, negative equity/solvency concerns, and deteriorating free cash flow. Technical indicators are mixed (neutral RSI and positive MACD but weak near-term price vs the 20-day average), providing only limited support. Valuation is not compelling due to the negative P/E and lack of dividend yield data.
Positive Factors
Revenue Growth
Sustained, double‑digit revenue expansion demonstrates strong product demand and market traction for Norwood’s communications software. Over 2–6 months this growth supports scale benefits, increases addressable market credibility with partners, and underpins future subscription and services revenue streams.
Negative Factors
Negative Profitability
Persistently negative gross and net margins indicate structural cost or pricing issues in the core product and delivery model. Over months this hampers ability to fund growth internally, pressures margins as scale increases, and requires either pricing, cost structure, or product mix changes to achieve sustainable profits.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, double‑digit revenue expansion demonstrates strong product demand and market traction for Norwood’s communications software. Over 2–6 months this growth supports scale benefits, increases addressable market credibility with partners, and underpins future subscription and services revenue streams.
Read all positive factors
Norwood Systems Ltd (NOR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.86M
Dividend YieldN/A
Average Volume (3M)499.77K
Price to Earnings (P/E)―
Beta (1Y)-0.02
Revenue Growth180.00%
EPS Growth63.04%
CountryAU
Employees3
SectorCommunication Services
Sector Strength97
IndustrySoftware - Application
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding579,907,900
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 provides mobile voice, messaging, data, and cyber security services to consumers, enterprises, and carriers in New Zealand, Australia, and internationally. The company offers OpenSpan, keyword voice activation, live languag...
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
Neutral
0.01
Price Trends
0.02
Positive
0.01
Positive
0.02
Positive
Market Momentum
<0.01
Positive
48.34
Neutral
12.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NOR, the sentiment is Neutral. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.34 is Neutral, neither overbought nor oversold. The STOCH value of 12.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$1.59B | 112.32 | 3.49% | ― | 26.11% | ― | |
62 Neutral | AU$1.68B | 69.83 | 5.01% | ― | 3.78% | -9.98% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | AU$1.48B | 55.56 | 4.61% | 1.27% | 8.25% | -11.18% | |
45 Neutral | AU$19.72M | -0.84 | 169.73% | ― | 0.17% | -85.78% | |
45 Neutral | AU$33.37M | 21.00 | -26.59% | ― | -22.41% | ― | |
44 Neutral | AU$9.86M | -12.50 | 108.60% | ― | 180.00% | 63.04% |
* Communication Services Sector Average
AU:NOR
Norwood Systems Ltd
0.02
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-4.76%
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Norwood Systems Ltd Corporate Events
Norwood Systems Boosts Equity with Option Conversion Share Issue
Jul 2, 2026
Norwood Systems Ltd has expanded its share capital through the issue of 13,980,272 fully paid ordinary shares at $0.025 each, following the conversion of unlisted options that were due to expire in December 2027. This move modestly strengthens the...
Norwood Systems Extends $180k Working Capital Loan, Adds Option-Based Facility Fees
Jun 30, 2026
Norwood Systems has extended the repayment deadline on its unsecured working capital loan with Plough Lane Superannuation Pty Ltd, controlled by former director and major shareholder Dr John Tarrant, after repaying $108,264 and leaving a balance o...
Norwood Systems Issues 13.98 Million New Ordinary Shares After Security Conversions
Jun 29, 2026
Norwood Systems has notified the market of the issue of 13,980,272 ordinary fully paid shares following the exercise or conversion of previously unquoted securities. The new shares, issued on June 29, 2026, reflect the company’s ongoing use ...
Norwood Systems Seeks ASX Quotation for Nearly 14 Million New Shares
Jun 29, 2026
Norwood Systems Limited has applied for quotation of 13,980,272 new ordinary fully paid shares on the Australian Securities Exchange. The securities, issued on June 29, 2026, represent an expansion of the company’s listed capital base throug...
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.