In 2018 ACV WAS APPRX 100 million. Today it’s approximately $200 million. In the last two years coming out of COVID, before when nobody could travel and interest rates and inflation decimated growth stocks, Nuix have grown ACV about 40 million. It is a growth company with great fundamentals. Technology and now good leadership and people. It is becoming a moat stock in Australia. Follow their social media and you will see they are hiring world wide. As a new company with growing pains, being small they become a target for those that lust after innovators trying to build a good company. Having a majority holder sell out at the top left a bitter taste in many who run with the day traders. No patience or foresight to know value. So many growth stocks in Australia have dropped dramatically in value. Yet ASIC run with the socialists and try to get low hanging fruit. Share price runs with the mood but the fundamentals are a slow moving train. No new Tech company is perfect. They were all Nuix.
NXL Price at posting:
$1.69 Sentiment: None Disclosure: Held
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