Nuix has recovered almost all of its share price losses since it floated at $5.31 in December 2020, after the investigations software company reported a $5 million profit that sent its shares 27 per cent higher on Monday.

Shares in Nuix were trading at $4.44 – their highest level in more than three years – after gaining more than 180 per cent in the last 12 months following a series of upgrades to its revenue and earnings performance.