Australia's Nuix slips on low EBITDA forecast for first half

Nuix

12/01/2024 01:19

** Shares of Nuix  NXL.AX  fall as much as 20.5% to A$1.67,
their biggest intraday pct fall since Feb. 13, 2023
    ** Stock at its lowest since Nov. 28, 2023 
    ** Intelligence software co says 'statutory EBITDA is likely
to be -19% to -9% lower for the half compared to the previous
corresponding period, driven by non-operational legal costs
primarily related to the ASIC Federal Court hearing'
    ** Co expects to report Statutory EBITDA in range of A$17
mln($11.38 mln)- A$19 mln in 1H24 in comparison to reported
EBITDA of $20 mln in 1H23
    ** About 2,395,558 shares change hands, compared with the
30-day average volume of 605,035 shares
    ** Nuix shares set to drop 8% this week so far, on track for
their worst week since Oct. 20, 2023
    ** Stock more than doubled in 2023


($1 = 1.4937 Australian dollars)

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))