Nuix Downgrades FY Guidance for Second Time in Six Weeks

Nuix Downgrades FY Guidance for Second Time in Six Weeks

SYDNEY– Investigative-analytics and intelligence software provider Nuix Ltd. cut its full-year guidance for the second time in less than six weeks, citing uncertainty about whether it can close multi-year deals before the end of its fiscal year.

Nuix on Monday said it now anticipates proforma revenue of between 173 million and 182 million Australian dollars (US$133.4 million-US$140.3 million) for the 12 months through June, compared with A$180 million-A$185 million in its downgraded guidance issued on April 21. It expects annualized contract value–a key performance measure–of between A$165 million and A$172 million, compared with A$168 million and A$177 million previously.

Guidance for proforma earnings before interest, tax, depreciation and amortization is unchanged from April at between A$64.6 million and A$66.6 million.

When Nuix listed in December, it expected A$193.5 million of proforma revenue, ACV of A$199.6 million, and proforma Ebitda of A$63.6 million.

Shares in the company were worth A$5.31 at the initial public offering but have slipped from a record close A$9.06 in December and last traded at A$3.37.

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