Business
Nuix shares dive as it slashes forecasts – Sydney Morning Herald
Macquarie-backed Nuix has plunged to record lows after the data analytics group confirmed it will not meet the business forecasts set out in its IPO documents.
Nuix now expects to report pro forma revenue of $180 million to $185 million, compared to a $193.5 million forecast in the prospectus, and annualised contract value (ACV) of $168 million to $177 million compared to a forecast of $199.6 million.
Pro forma earnings before interest, tax, depreciation and amortisation (EBITDA) will be higher, with the company flagging a range of $64.6 million to $66.6 million compared to a prospectus forecast of $63.6 million.
The data analytics company soared more…
-
Noosa News22 hours agoMassive wind farm project in Queensland axed amid community backlash
-
General9 hours agoAnne-Marie Te Whiu on new book of poetry, Mettle, and why she dedicated it to her younger self
-
General20 hours agoKAP leader says he was unaware man next to him at rally was wearing neo-Nazi insignia
-
Noosa News23 hours agoProp Allan Alaalatoa returns to the Wallabies line-up for Rugby Championship game against Argentina