Yeah totally agree.
They are definitely in a growing market (LegalTech if you will) with CAGR of ~15%, however Nuix is the beast in data processing which is merely 20% of the total e-discovery market where Review is like 70% and Nuix is expanding into review I believe.
with all recent negativities and downgrades the SP probably won't go anywhere in short-mid term sadly. However I do wish management can provide monthly SaaS usage/revenue to indicates some sort of growth in that space like what Tyro is doing with their transaction volume.
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Yeah totally agree. They are definitely in a growing market...
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