Inotiv Q1 FY2023 revenue $122.8M, net loss $86.9M including $66.4M goodwill impairment; reaffirms FY2023 guidance

Inotiv, Inc.

2023-Q1 EPS reported -$3.41 revenue$122,754,000

Revenue rose 45.8% YoY to $122.8M, driven by acquisitions in DSA (+$8.3M) and RMS (+$30.3M).
Consolidated net loss of $86.9M included a $66.4M non-cash goodwill impairment for RMS segment.
Adjusted EBITDA was negative $5.5M vs positive $10.1M a year earlier; margin fell to (4.5)%.
Company reiterates FY2023 guidance: revenue at least $580M, Adjusted EBITDA at least $75M, capex ≤5% of revenue.
NHP supply disruption from Cambodia halted sales; company expects new procedures before resuming imports.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.92

Inotiv, Inc. reported the three months ended December 31, 2022 results: revenue $122.8 million, net income $(86.9) million. Guidance reaffirmed.

Period: the three months ended December 31, 2022
Revenue: $122.8 million
Net income: $(86.9) million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

and services, today announced financial results for the three months (“Q1 FY 2023”) ended December 31, 2022. Financial Highlights Q1 FY 2023 Highlights · Revenue grew to $122.8 million in Q1 FY 2023 from $84.2 million during the three months ended December 31, 2021 (“Q1 FY 2022”), driven by a $8.3 million rise in Discovery and Safety Assessment (“DSA”) revenue

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Inotiv, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-019702

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.