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How Did Norwood Systems Achieve a 7x Cash Surge and Slash Debt This Quarter?
9:08am on Monday 21st of July, 2025 AEST
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Technology
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How Did Norwood Systems Achieve a 7x Cash Surge and Slash Debt This Quarter?
9:08am on Monday 21st of July, 2025 AEST
Key Points
Record quarterly cash receipts of $1.24 million, over sevenfold increase
Net positive operating cash flow of $243,000 achieved
Repaid $550,000 of loan facility, reducing debt to $318,000
Strengthened Microsoft partnership and expanded global sales pipeline
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