Why it matters: Once a market darling, Nuix shares have fallen significantly
The company said it has narrowed losses and added to earnings this year
Nuix boss is still being scrutinised by the corporate regulator over share purchases
Nuix boss Jonathan Rubinsztein has defended his purchase of shares amid a possible takeover discussion, saying he has “nothing to hide” as the investigation software company narrowed losses for the year and reported a sharp uptick in underlying earnings.
Nuix, which sells investigative software for large enterprises, reduced its losses to $5.6 million for 2022, down from $22.8 million a year earlier. Underlying earnings before interest, taxes, depreciation, and amortisation came in at $46.4 million, up 59 per cent on the previous period.
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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. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
