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Norwood Systems Ltd
(Sydney:NOR)
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Rating:50Neutral
Price Target:
AU$0.02
▲(80.00% Upside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance (ongoing losses, negative equity, and negative operating/free cash flow), despite some improvement in gross margin and cash burn. Technical indicators are moderately supportive and help offset some fundamental risk, while valuation remains a headwind due to negative earnings and no dividend yield.
Positive Factors
Multi-year revenue expansion
Revenue has expanded substantially across the reported three-year period, indicating that Norwood has been able to grow its commercial activity and customer base despite volatility. This larger revenue base can support future operating leverage if the company converts growth into sustainable margins.
Negative Factors
Persistent unprofitability
Norwood has not yet demonstrated a profitable operating model, as operating and net margins remain negative across the reported period. Ongoing losses weaken retained capital and make the business more dependent on achieving further revenue growth, cost control, or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue expansion
Revenue has expanded substantially across the reported three-year period, indicating that Norwood has been able to grow its commercial activity and customer base despite volatility. This larger revenue base can support future operating leverage if the company converts growth into sustainable margins.
Read all positive factors
Norwood Systems Ltd (NOR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.44M
Dividend YieldN/A
Average Volume (3M)1.19M
Price to Earnings (P/E)―
Beta (1Y)-0.36
Revenue Growth28.06%
EPS Growth-23.08%
CountryAU
Employees3
SectorCommunication Services
Sector Strength97
IndustrySoftware - Application
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding579,907,900
10 Day Avg. Volume755,727
30 Day Avg. Volume1,185,707
Financial Highlights & Ratios
PEG Ratio-0.49
Price to Book (P/B)-27.29
Price to Sales (P/S)5.80
P/FCF Ratio-61.46
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 selling and operating telecommunications voice software and related services. Key revenue streams typically include: (1) software and platform revenue from licensing or providing access to its voice and cal...
Norwood Systems Ltd Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
18
Very Negative
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.44M | 1.90M | 1.14M | 964.20K | 1.23M |
| Gross Profit | 162.37K | -739.75K | -1.44M | -1.30M | -453.76K |
| EBITDA | -985.53K | -219.07K | -2.44M | -1.74M | -902.00K |
| Net Income | -859.93K | -599.72K | -2.58M | -1.89M | -1.08M |
Balance Sheet | |||||
| Total Assets | 1.76M | 1.43M | 522.91K | 752.59K | 917.80K |
| Cash, Cash Equivalents and Short-Term Investments | 175.90K | 137.76K | 68.98K | 380.14K | 496.93K |
| Total Debt | 671.81K | 950.45K | 767.23K | 790.01K | 965.89K |
| Total Liabilities | 2.28M | 2.18M | 1.75M | 1.85M | 1.75M |
| Stockholders Equity | -517.95K | -746.91K | -1.23M | -1.10M | -835.13K |
Cash Flow | |||||
| Free Cash Flow | -230.00K | -653.22K | -2.01M | -1.22M | -1.09M |
| Operating Cash Flow | -228.82K | -653.22K | -2.00M | -1.18M | -1.09M |
| Investing Cash Flow | -1.18K | -149.24K | -2.67K | -39.78K | -3.03K |
| Financing Cash Flow | 268.13K | 871.25K | 1.70M | 1.10M | 1.53M |
Norwood Systems Ltd Technical Analysis
Positive
0.01
Price Trends
0.02
Positive
0.02
Positive
0.01
Positive
Market Momentum
<0.01
Negative
58.77
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 Positive. 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 0.01, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.77 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 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$1.31B | 35.35 | 5.50% | 1.45% | 9.12% | 7.51% | |
64 Neutral | AU$1.44B | 82.11 | 4.27% | 0.21% | 21.56% | 1694.74% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | AU$1.43B | 44.75 | 5.72% | 3.36% | 5.50% | -7.85% | |
56 Neutral | AU$34.88M | 15.33 | 39.86% | ― | -25.07% | ― | |
50 Neutral | AU$10.44M | -11.25 | 124.87% | ― | 28.06% | -23.08% | |
46 Neutral | AU$25.84M | -0.52 | 188.00% | 0.51% | -19.33% | -151.55% |
* Communication Services Sector Average
AU:NOR
Norwood Systems Ltd
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Norwood Systems Ltd Corporate Events
Norwood Systems Sets Out Governance Framework in 2026 Preliminary Final Report
Aug 31, 2026
Norwood Systems Limited released its preliminary final report for the year ended 30 June 2026, outlining the company’s formal corporate directory and confirming key governance roles and service relationships. The document highlights the curr...
Norwood Systems Extends Repayment on Insider-Backed Working Capital Loan
Aug 31, 2026
Norwood Systems has extended the repayment date on its $180,000 unsecured working capital loan from 31 August 2026 to 30 September 2026, maintaining a 9.75% interest rate and adding a 2% extension fee plus GST, alongside a potential default intere...
Norwood Systems switches share registry provider to Xcend
Aug 24, 2026
Norwood Systems has shifted its share registry services from Automic Registry Services to Xcend Pty Ltd, effective 24 August 2026, aligning with ASX Listing Rule requirements. The move introduces Xcend’s secure online investor portal, giving...
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...
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.