NOR norwood systems limited

Ann: Quarterly Activities and Appendix 4C Cashflow Report, page-2

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    Highlights

    to the naysayers...facts not opinions

    • Receipts from customers for the December 2020 quarter totalled $195,000, an increase of 126.7% versus the prior December 2019 quarter

    • Net positive operational cashflow for the last six months of the 2020 calendar year of $131,000, compared to an operational cash flow of negative $464,000 in the prior corresponding period

    Launch of Spark NZ’s on-premises visual voicemail solution, developed by Norwood Systems•

    Teaming Agreement (Agreement) with global leader in cognitive artificial intelligence, Amelia, to re-invent the telco voicemail service category•

    Software development contract from Avicena Systems to support the development of highly scalable COVID-19 screening technology

    • $117,000 raised via the issue of New Options, further $18,000 raised subsequent to end of quarter

    r• $100,000 placement completed subsequent to end of the quarter

 
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