secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001104659-23-019702
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000110465923019702/0001104659-23-019702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000110465923019702/tm236555d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-019702

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