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Norwood Systems Limited (ASX:NOR)

ALERT: Price-sensitive ASX Announcement for NOR
Current share price for NOR : $0.026 0.015 (136.36%)+
Announcement
Release
30 Apr 2026 9:26AM
Price at Release
$0.011
Full Release
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Summary
Norwood Systems Limited, an innovator in cloud-native AI services, reported on its operations and cash flow for the quarter ending March 31, 2026. Customer receipts increased significantly to $623,000, despite a net operating cash outflow of $137,000. However, the company remained cash flow positive year-to-date with $13,000 as of March 2026. Norwood continued to develop strategic partnerships, including work with Optus on the CogVoice Voicemail contract and discussions for OpenSpan Call Protect with a Tier-1 APAC Communication Service Provider. Investment in research and development remained a priority with $309,000 allocated this quarter. The company secured additional working capital through loans and expects further funding from R&D loan facilities. At quarter-end, Norwood had $43,000 in cash and equivalents, with $32,000 in undrawn funding.
Key Points
  • Customer receipts increased to $623,000 for the March 2026 quarter.
  • Net operating cash outflow was $137,000, remaining positive year-to-date at $13,000.
  • Continued delivery under Optus CogVoice Voicemail contract.
  • Discussions on commercial production for OpenSpan Call Protect in Tier-1 APAC.
  • Strategic partnerships extended with Microsoft and AWS.
  • Investment in R&D and new product developments continued.
  • Secured a $200,000 unsecured loan in February 2026.
  • Closing cash balance of $43,000 with $32,000 undrawn funding at quarter end.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.