NOR 0.00% 3.9¢ norwood systems limited

Ann: Annual Report, page-2

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  1. 2,390 Posts.
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    Okay, I'll go first...

    Shocking.

    https://hotcopper.com.au/data/attachments/5610/5610124-dd19ba9190b00de416275583a877e440.jpg

    Revenue decreased
    Loss increased by 800K!
    Cash decreased
    Receivables decreased
    Net liabilities increased
    Working capital deficit increased
    Trade and other payables increased by well over a quarter of a million dollars

    https://hotcopper.com.au/data/attachments/5610/5610142-de9455d11d811e01c45932a7585e3f86.jpg


    Consultancy fees up $40K (Dunne must be happy)
    Employee and Director benefits up $500K while revenue has dropped
    Patents and R&D down more than 75%
    $177,872 spent on travel and entertainment - that's over 12% of revenue!!!

    On what planet can any shareholder be happy with any of this?
 
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