NOR 0.00% 3.8¢ norwood systems limited

Ann: Half Yearly Report and Accounts, page-80

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  1. Doz
    4,601 Posts.
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    Norwood is anticipating that gross revenues during the multi-month ramp-up phase may exceed $50K-$100K per week and that the service is likely to deliver an ongoing material contribution 04/03/20 .....


    Norwood anticipates that the revenue associated with Spark NZ will ramp up as the year progresses and downloads and subscriber numbers increase. 26/02/21 ......


    Rokc , the above two expectations are conflicting . One was made based upon expectation , the other based on reality and additional knowledge . My thoughts are migration issues , we did see announcements informing that migration would start in August , then we were informed October , was this activity pushed out further ?
    When did they discover migration issues ? was this a catalyst for the contract variation ?

    Do I think the App Store numbers are correct , I do remember agreeing with a estimate provided by d_i_b , that I think Growler confirmed as accurate . I hope the quarterly can provide some clarity .

    Whatever is going on behind the scenes certainly has not caused concern with Microsoft / Metaswitch , the recently exposed partnership confirmation supports this statement .

    Growler , when you reply to this post , do so within a maximum of 4 lines , otherwise I can’t be bothered and I will just wait for the quarterly for insight .


    All in my unknowledgeable opinion , because most of this is all guesswork .



    Last edited by Doz: 28/04/21
 
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