NOR 7.55% 4.9¢ norwood systems limited

Key activities over the past 12 months (insert why we just had...

  1. 2,976 Posts.
    lightbulb Created with Sketch. 69
    Key activities over the past 12 months (insert why we just had to raise 200k to keep going)

    Following the win with Spark NZ in December 2018, we re-focused the entire company – engineering, operations, sales and marketing – to target the global Telco Voicemail opportunity• which is why we just had to raise 200k to keep going

    We commenced developing two global go-to-market partnerships* with vendors who have a combined total of 1,500 service provider clients – both of which are still in-progress, and continuing to develop positively• which is why we just had to raise 200k to keep going

    A third partnership discussion is now at an early stage, or mid stage now by the time you reread this, or, maybe at a late stage, sure and that;s why we just had to raise 200k to keep going

    targeting Mobile Virtual Network Operator (MVNO) opportunities , we have no sustainable income above our outgoings, which is why we just had to raise 200k to keep going

    Our direct pipeline now includes current pilot engagements with three of Australia’s four largest telcos, running pilots is why we just had to raise 200k to keep going

    even though we qualified direct opportunities & prospective pilots in SE Asia, North Asia and South Africa• we just had to raise 200k to keep going


    We nearly tripled revenues over the trailing twelve months compared to the prior twelve months ($703K vs $236K), whilst reducing gross R&D, operations and sales expenses by nearly 25% in the same period*..and even so we just had to raise 200k to keep going

    With Oracle and Metaswitch, as previously disclosed.No additional comments from me required apart from DYOR . until we need to raise another, well, you get the idea.....
 
watchlist Created with Sketch. Add NOR (ASX) to my watchlist
(20min delay)
Last
4.9¢
Change
-0.004(7.55%)
Mkt cap ! $23.20M
Open High Low Value Volume
5.2¢ 5.2¢ 4.7¢ $63.17K 1.307M

Buyers (Bids)

No. Vol. Price($)
1 50000 4.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.9¢ 69999 1
View Market Depth
Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
4.9¢
  Change
-0.004 ( 7.37 %)
Open High Low Volume
5.0¢ 5.0¢ 4.7¢ 175100
Last updated 15.49pm 03/05/2024 ?
NOR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.