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…
Continue Reading
