Nuix descends into ‘comedy of their own making’, stock slides 17pc

Jessica SierNorth Asia correspondent

Updated Jan 21, 2022 – 3.42pm, first published at 2.27pm

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Nuix shares collapsed to an all-time low on Friday as the intelligence software provider warned legal bills and falling revenue would plague the company during the first half of the year.

The Sydney-based tech business, which has been beset by scandals and is under investigation by the regulators, said revenue was expected to come in between $82 million and $85 million for the six months ended December 31.

Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics.