Costs determination is separate to the actual lawsuit. Nuix and ASIC will need to submit that post the judgement. We saw that during the Sheehy case. Nuix decided to let go of him with a small amount.
In case of ASIC, Nuix might choose to write-off the legal costs as the business and long term contracts with ASIC and other Govt agencies are more important to the company and maintaining a good relationship is vital.
Nonetheless, its just a one-time hit to the revenue. Apart from that, Nuix has already proven growth and will continue from strength to strength. Be interesting to see Nuix Neo and DeepSee updates on 19th Feb.
NXL Price at posting:
$1.83 Sentiment: Hold Disclosure: Held
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