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Highlights
- The share price of Nuix Limited closed at AU$0.695 apiece, up 22%, on Friday(18 November).
- In its trading update, shared today, Nuix said that its annualised contract value for FY22 was AU$162.0 million, down 2.3% from FY21.
- At the end of October, Nuix’s balance sheet had a cash balance of AU$40.5 million, with no debt.
Analytics and intelligence software provider Nuix Limited (ASX:NXL) on Friday (18 November 2022) shared a trading update for the four months ending October 2022. Post the update, the shares of the company ended significantly higher on the ASX.
Nuix shares closed 21.929% higher, at AU$0.695 apiece, on the ASX on Friday. The market capitalisation of the company stood at AU$180.86 million.
As per the update, the annualised contract value (ACV) at the end of October was AU$169.5 million, up 4.6% from June 2022. Other key highlights from the update are:
- The net dollar retention increased to 101.9%, compared with 96.8% in June, and 99.2% in constant currency.
- Customer churn was5%, an increase of 0.1% on the June 2022 value.
- In the four months to October 2022, statutory revenue declined by 7.8% to AU$47.1 million; EBITDA was down 69.2% to AU$3.4 million and net cash was down to AU$40.5 million.
- In FY22, the ACV came down 2.3% to AU$162.0 million, compared with FY21.
- The statutory revenue was down 13.5% to AU$152.3 million, compared with FY21.
- EBITDA reduced by 82.0% on FY21 to AU$12.1 million.
Nuix, on 18 November 2022, also provided a significant update concerning its board. Nuix informed the market that Alan Cameron AO will join the company as an independent non-executive director, from January 2023.
