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Nuix shares drop 5pc after booking loss due to $9m legal bill

Jessica Sier
Jessica SierNorth Asia correspondent
Updated

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Hefty legal bills have forced Nuix to book a first-half loss, though the troubled tech company has started pouring money into research and development to jump-start some of the growth promised during its controversial IPO in 2020.

Nuix’s loss narrowed to $2.3 million for the six months ended December 31 from the $16.6 million shortfall in the year-earlier period, coming in at the higher end of guidance issued in a January trading update.

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    Original URL: https://www.afr.com/technology/nuix-legal-bills-push-company-to-a-loss-as-r-and-d-spend-jumps-20220221-p59y6w