Nuix Limited announced 1HFY23 results

Nuix Limited (ASX: NXL) announced 1HFY23 results as follows:

• Annualized Contract Value (ACV) increased by 3.4% from 1HFY22 to AU$170.2 million.
• Statutory revenue increased by 4.3% to AU$87.6 million due to better trade results in December and a favourable exchange rate.
• EBITDA grew by 51.6% to AU$20.9 million in 1HFY23.
• Underlying EBITDA, which does not include Topos expenditures or non-operational legal fees, increased by 8.5% on a pcp to AU$25.1 million.
• NPAT of AU$1.3 million, a 153.8% increase from 1HFY22.
• Customer turnover grew slightly to 4.8% throughout the year, although lower than the result in the FY22 result.
• The company ended the 1HFY23 with AU$37.1 million in cash on hand and no debt.

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