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Norwood Systems Ltd
(Sydney:NOR)
Norwood Systems Ltd (NOR) vs. iShares MSCI Australia ETF (EWA)
Norwood Systems Ltd Business Overview & Revenue Model
Norwood Systems Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.90M | 1.90M | 1.14M | 964.20K | 1.23M | 1.05M |
| Gross Profit | -739.75K | -739.75K | -1.44M | -1.30M | -453.76K | -632.00K |
| EBITDA | -219.07K | -219.07K | -2.44M | -1.74M | -902.00K | -1.41M |
| Net Income | -599.72K | -599.72K | -2.58M | -1.89M | -1.08M | -871.00K |
Balance Sheet | ||||||
| Total Assets | 1.43M | 1.43M | 522.91K | 752.59K | 917.80K | 327.84K |
| Cash, Cash Equivalents and Short-Term Investments | 137.76K | 137.76K | 68.98K | 380.14K | 496.93K | 58.47K |
| Total Debt | 950.45K | 950.45K | 767.23K | 790.01K | 965.89K | 535.40K |
| Total Liabilities | 2.18M | 2.18M | 1.75M | 1.85M | 1.75M | 1.48M |
| Stockholders Equity | -746.91K | -746.91K | -1.23M | -1.10M | -835.13K | -1.15M |
Cash Flow | ||||||
| Free Cash Flow | -653.22K | -653.22K | -2.01M | -1.22M | -1.09M | -403.88K |
| Operating Cash Flow | -653.22K | -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 | 871.25K | 871.25K | 1.70M | 1.10M | 1.53M | 309.63K |
Norwood Systems Ltd Technical Analysis
Norwood Systems Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
48 Neutral | AU$11.26M | -2.43 | -18.92% | ― | 8.20% | 37.20% | |
44 Neutral | AU$7.36M | -10.00 | ― | ― | 66.48% | 77.19% | |
44 Neutral | AU$34.88M | -9.17 | -166.02% | ― | -11.11% | -71.43% | |
42 Neutral | AU$4.09M | -6.25 | -11.62% | ― | -9.44% | 83.16% | |
41 Neutral | AU$12.04M | -1.79 | ― | ― | 12.24% | 55.89% |
Norwood Systems Ltd Corporate Events
Norwood Systems Limited has disclosed a change in the indirect security holdings of its director, Mr Paul Ostergaard, through an Appendix 3Y notice to the ASX. The filing reports that, via the Netwealth Investments Limited
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.
Norwood Systems Limited has disclosed a change in director Philip Otley’s interests, issuing him 12.5 million unquoted options as part of his non-executive director remuneration package for 2024, 2025 and 2026. The options, exercisable at $0.03 and expiring on 1 December 2028, increase Otley’s total holdings in the company and align his incentives more closely with shareholder value over the medium term, signalling a continued reliance on equity-based compensation to manage cash outflows and retain board talent.
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.
Norwood Systems Limited, listed on the ASX under the code NOR, has notified the market of a new issue of unquoted options as part of its capital structure management. According to its latest filing, the company will issue 3,333,000 unquoted options (ASX code NORAAH), each exercisable at A$0.03 and expiring on 31 December 2026, with the issue dated 24 December 2025, signaling additional potential future equity and modest dilution for existing shareholders if the options are exercised.
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.
Norwood Systems Limited has notified the ASX of the intended issue of 25 million unquoted options, each exercisable at $0.03 and expiring on 1 December 2028. The new options, to be issued on 24 December 2025, represent a significant additional potential equity pool for the company and may be used for purposes such as incentivising staff or raising future capital, which could impact existing shareholders through possible future dilution and support the company’s longer-term funding and growth plans.
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.
Norwood Systems Limited has notified the market of the issue of 5 million unquoted options, exercisable at $0.025 and expiring on 11 December 2027. The options, which are not intended to be quoted on the ASX, form part of previously announced transactions and reflect ongoing use of equity-based instruments in Norwood’s capital management, with potential future dilution for existing shareholders if exercised.
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.
Norwood Systems Ltd has announced a change in the director’s interest, with Mr. Paul Ostergaard acquiring additional shares in the company. This acquisition of shares by the director reflects a potential increase in confidence in the company’s future prospects and may influence stakeholder perceptions positively.
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.
Norwood Systems Ltd has completed a placement of 50,000,000 fully paid ordinary shares at $0.013 each, as announced on 8 December 2025. This move, compliant with relevant sections of the Corporations Act, strengthens the company’s capital position, potentially enhancing its operational capabilities and market presence.
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.
Norwood Systems Ltd announced the issuance of 25 million unquoted equity securities in the form of options exercisable at $0.025, expiring on December 11, 2027. This move is part of previously announced transactions and is not intended for quotation on the ASX, potentially impacting the company’s financial strategy and stakeholder interests.
The most recent analyst rating on (AU:NOR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Norwood Systems Ltd stock, see the AU:NOR Stock Forecast page.
Norwood Systems Ltd has announced the quotation of 50 million fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with the company’s growth trajectory.
The most recent analyst rating on (AU:NOR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Norwood Systems Ltd stock, see the AU:NOR Stock Forecast page.
Norwood Systems Ltd has announced a proposed issue of securities, including 50 million ordinary shares and 30 million options, set to be issued on December 10, 2025. This strategic move is expected to enhance the company’s capital base, potentially strengthening its market position and providing additional resources for future growth and development.
The most recent analyst rating on (AU:NOR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Norwood Systems Ltd stock, see the AU:NOR Stock Forecast page.
Norwood Systems Ltd has announced a change in the director’s interest in securities, specifically involving Mr. Paul Ostergaard. The changes include acquisitions and disposals of ordinary shares and performance rights, reflecting adjustments in Mr. Ostergaard’s investment portfolio. This update is part of the company’s regulatory compliance with ASX listing rules, ensuring transparency in the director’s financial interests.
The most recent analyst rating on (AU:NOR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Norwood Systems Ltd stock, see the AU:NOR Stock Forecast page.
Norwood Systems Ltd has requested a trading halt on its securities pending the announcement of a capital raise. This halt will remain until the start of trading on December 8, 2025, unless an announcement is made earlier. The move indicates a strategic financial maneuver that could impact the company’s operations and market positioning, signaling potential growth or restructuring efforts.
The most recent analyst rating on (AU:NOR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Norwood Systems Ltd stock, see the AU:NOR Stock Forecast page.
Norwood Systems Ltd announced the successful passing of all resolutions at its Annual General Meeting, with all resolutions being approved by a poll. This outcome reflects strong shareholder support and positions the company favorably for future strategic initiatives, potentially impacting its operational and market strategies positively.
The most recent analyst rating on (AU:NOR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Norwood Systems Ltd stock, see the AU:NOR Stock Forecast page.
Norwood Systems Ltd, a key player in the telecommunications sector, is seizing opportunities in the evolving landscape by integrating AI with telecom services. This strategic move is expected to strengthen its market position and offer significant advantages to stakeholders, though the company acknowledges potential risks and uncertainties in achieving its future plans.
The most recent analyst rating on (AU:NOR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Norwood Systems Ltd stock, see the AU:NOR Stock Forecast page.
Norwood Systems Ltd has made significant strides in its operations, receiving a milestone payment from Optus under its CogVoice Voicemail supply contract and completing a proof-of-concept for its OpenSpan Call Protect with a Tier-1 APAC communication service provider. These achievements demonstrate Norwood’s capability to execute complex projects and strengthen its market position. Additionally, the company is preparing to launch its MoCA agentic coding tool, which aims to enhance software development efficiency, marking a strategic expansion into non-telco markets.
Norwood Systems Ltd has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 28, 2025, at 4:00 PM AWST in Nedlands, WA. The company will not send physical copies of the meeting notice but will provide it electronically. Shareholders can attend the meeting in person or participate by voting online or by proxy. The company emphasizes the importance of shareholder participation in the meeting and provides multiple avenues for engagement, ensuring stakeholders are informed and involved in the decision-making process.
Norwood Systems Ltd reported a second consecutive quarter of positive operating cash flow, enabling debt reduction and highlighting strong project progress, particularly with Optus and Microsoft partnerships. The company achieved significant industry recognition with multiple awards, underscoring its strategic positioning and commitment to innovation. The ongoing development of products like OpenSpan and partnerships with major tech firms are expected to strengthen Norwood’s market presence and operational capabilities.