NOR 6.98% 4.0¢ norwood systems limited

Ann: Quarterly Activities and Appendix 4C Cashflow Report, page-7

  1. 725 Posts.
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    I wouldn’t suggest a CR will be needed any time soon if ever!
    $407k cash balance end of quarter
    $244 Spark (the commencement of annual recurring revenue from that contract)
    $80k ($110 average but splitting the previous quarters cash receipts)
    $1 000 000 - Company executing an agreement with a third-party customer which has a contract value of in excess of A$1,500,000, and the Company receiving a minimum of A$1,000,000 in cash receipts under that contract on or before 31 August 2019

    Minimum IMO cash receipts end of Sept Quarterly 800k
    (And I haven’t even included any R&D grant

    I’m confident Paul will get his NOROA and land a multi million deal
 
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