NOR 5.56% 3.8¢ norwood systems limited

Ann: Quarterly Activities and Cashflow Report, page-210

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  1. 1,439 Posts.
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    Let us ignore the forecasts and estimates then.

    What about:

    “Following this agreement, the total value of signed Corona sales contracts for Norwood now exceeds AUD$500,000 in annual recurring revenue.”


    This isn't a forecast or estimate. This is a statement about signed contracts. This revenue has not actually materialised (not $500,000 at least). The definitely, 100%, have to update the market if contracts change.

    Also, I still believe the forecasts and estimates matter and need continuous disclosure, but I am happy to ignore that until we get a response. But this $500,000 recurring revenue not existing is an actual issue under 3.1.
 
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