Norwood Systems Ltd (AU:NOR)
ASX:NOR
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Norwood Systems Ltd
(Sydney:NOR)
Select Model
Select Model
Rating:42Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:ReiteratedDate:03/19/26
The score is primarily constrained by weak financial performance (negative margins, negative equity, and deteriorating free cash flow), with technicals also bearish (below key DMAs and negative MACD). Valuation provides limited support due to negative earnings and no stated dividend yield.
Positive Factors
Strong Revenue Growth
Sustained, double‑digit top‑line expansion indicates solid demand for Norwood's telecom software and services. Over 2–6 months this larger revenue base can enable scale, improve unit economics with fixed‑cost absorption, and strengthen bargaining leverage with carriers and partners.
Negative Factors
Negative Profitability
Deep negative gross and net margins point to structurally poor unit economics or mispriced contracts. Without durable margin recovery through pricing, product mix or cost cuts, top‑line growth will not translate to sustainable profits, limiting free cash generation and reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained, double‑digit top‑line expansion indicates solid demand for Norwood's telecom software and services. Over 2–6 months this larger revenue base can enable scale, improve unit economics with fixed‑cost absorption, and strengthen bargaining leverage with carriers and partners.
Read all positive factors
Norwood Systems Ltd (NOR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.23M
Dividend YieldN/A
Average Volume (3M)499.77K
Price to Earnings (P/E)―
Beta (1Y)0.44
Revenue Growth66.48%
EPS Growth77.19%
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 licensing and supplying its telecommunications and voice communications software to customers such as telecommunications carriers/service providers and enterprises, and by providing associated implementatio...
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
Negative
38.17
Neutral
83.33
Negative
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 Negative momentum. The RSI at 38.17 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, 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 |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
53 Neutral | AU$9.31M | -4.21 | -9.80% | ― | -9.44% | 83.16% | |
45 Neutral | AU$9.10M | -1.37 | -14.37% | ― | 8.20% | 37.20% | |
44 Neutral | AU$30.33M | 5.86 | -26.59% | ― | -11.11% | -71.43% | |
42 Neutral | AU$6.23M | -1.87 | 108.60% | ― | 66.48% | 77.19% | |
41 Neutral | AU$6.81M | -0.41 | 169.73% | ― | 12.24% | 55.89% |
* Communication Services Sector Average
AU:NOR
Norwood Systems Ltd
0.01
-0.02
-59.26%
AU:SPA
SPACETALK Limited
0.07
-0.17
-71.74%
AU:5GG
Pentanet Ltd
0.02
>-0.01
-27.59%
AU:FRX
Flexiroam Ltd
0.02
<0.01
81.82%
AU:HFY
Hubify Ltd.
0.02
<0.01
80.00%
Norwood Systems Ltd Corporate Events
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...
Norwood Systems Posts Record H1 FY2026 Revenue on Optus Milestones and Tier-1 Call Protect Breakthrough
Jan 21, 2026
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 paym...
Norwood Systems Director Increases Indirect Shareholding
Jan 12, 2026
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 (Chill Cast Super Fund ...
Norwood Systems Grants 12.5 Million Options to Director as Part of NED Remuneration
Jan 5, 2026
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...
Norwood Systems Issues 3.33 Million Unquoted Options Expiring in 2026
Jan 5, 2026
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 option...
Norwood Systems to Issue 25 Million Unquoted Options
Jan 5, 2026
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 pot...
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.