Full Year 2021 Nuix Ltd Guidance Call Transcript
I'm joined on this call today by our CFO, Stephen Doyle, who will speak in a little while. I'm sure many of you have seen this morning's release to the ASX and the aim of this call is to provide the opportunity for some Q&A after our initial remarks.
We have now closed out our third quarter and analyzed the impact on Nuix' fourth quarter and the full year forecast. As we have previously stated, we wanted to be as informative and transparent as possible with the market and our investors in a timely manner. Following our usual deep dive on the business and the outlook post the end of the quarter, we have determined that we should update the Nuix full year forecast to a range between $180 million and $185 million, down from the previous forecast of $193 million. Operating expenditures continued to be well controlled and are anticipated to offset the lower revenues anticipated for the full year, with EBITDA coming in above our prospectus forecast.
I'll now provide some background to the reasons for this change.
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