So far, 2021 is probably not going as smoothly as e-discovery and data analytics software provider Nuix hoped.

After debuting on the Australian Securities Exchange in December 2020 and hitting a stock price of $11.05 AUD a share in January, the company’s fortunes have drastically changed. Share prices have fallen as low as $2.59, while the company missed profit forecasts, local outlets published news of financial discrepancies, and an Australian regulator and local law enforcement have announced investigations into the company.