NOR 0.00% 3.8¢ norwood systems limited

Ann: Corporate Update and Quarterly Reporting, page-25

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  1. 5,020 Posts.
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    @RAllens post is correct. They haven't earned the $2million annualised, they in fact haven't even receipted as much as they have been announcing as revenue to date. To be fair, the revenue they are reporting is the gross amount, before Apple/Googles cut and there would be a delay between the user paying and NOR getting it in their bank account.

    But so far, less than $300k has been receipted, the $2 million figure is a run rate if things keep up like they have been. What they haven't posted is the expense run rate, so its hard to measure what the final years result might actually be.

    CORONA is most surprising, not that there wasn't more customers - but that the apparently customers from back in June don't appear to have paid anything at all
 
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