{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-059152","form_type":"8-K","ticker":"NOTV","cik":"0000720154","company_name":"Inotiv, Inc.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.055319+00:00","generated_at":"2026-06-15T05:12:43.332469+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Inotiv Q2 FY2023 revenue $151.5M (+8% YoY); net loss $(9.6)M; cuts FY23 Adj EBITDA guidance to $70M","bullets":["Revenue $151.5M in Q2 FY2023, up 8% from $140.3M; DSA segment revenue up 20.2%.","Net loss $(9.6)M vs $(6.7)M loss a year ago; YTD net loss $(96.6)M includes $66.4M goodwill impairment.","Adjusted EBITDA $17.1M (11.3% of revenue) vs $25.3M (18.0%) prior year; margin compressed.","Full-year FY2023 guidance: revenue at least $580M, but Adjusted EBITDA lowered to at least $70M from $75M.","Book-to-bill 0.95x for DSA; DSA backlog $145.7M; NHP supply disruption and facility consolidations ongoing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-059152","json":"https://secwatch.observer/filing/0001104659-23-059152.json","markdown":"https://secwatch.observer/filing/0001104659-23-059152.md","text":"https://secwatch.observer/filing/0001104659-23-059152.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720154/000110465923059152/0001104659-23-059152-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720154/000110465923059152/tm2315510d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T05:12:43.332469+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"128da957a6566c15220c46970b119bccee982ee3","claim":"Inotiv, Inc. reported Q2 FY 2023 results: revenue $151.5 million, net income $(9.6) million.","evidence_excerpt":"Revenue grew to $151.5 million in Q2 FY 2023 from $140.3 million during the three months ended March 31, 2022 (\"Q2 FY 2022\"), driven by a $7.9 million, or 20.2%, increase in Discovery and Safety Assessment (\"DSA\") revenue and a $3.3 million, or 3.3%, increase in Research Models and Services (\"RMS\") revenue. • Consolidated net loss for Q2 FY 2023 was $(9.6) million, or (6.4)% of total revenue, compared to consolidated net loss of $(6.7) million, or (4.7)% of total revenue, in Q2 FY 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000110465923059152/0001104659-23-059152-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q2 FY 2023"},{"label":"Revenue","value":"$151.5 million"},{"label":"Net income","value":"$(9.6) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"79413adf2568c78f8e054c90a430dab8d21d4a45","claim":"Inotiv, Inc. reported the full fiscal year ending September 30, 2023 results: revenue at least $580 million. Guidance lowered.","evidence_excerpt":"For FY 2023, we are confirming guidance of at least $580 million of revenue and capital expenditures of no more than 5% of revenue during FY 2023. However, as a result of the increased legal and third party fees incurred during YTD FY 2023, we are updating our guidance for Adjusted EBITDA to at least $70 million down from previous guidance of $75 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000110465923059152/0001104659-23-059152-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full fiscal year ending September 30, 2023"},{"label":"Revenue","value":"at least $580 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"cd1254abb81caa85d2cfa9349e2ec531a6ea5345","claim":"Inotiv, Inc. reported YTD FY 2023 results: revenue $274.2 million, net income $(96.6) million.","evidence_excerpt":"Revenue grew to $274.2 million in YTD FY 2023 from $224.5 million during the six months ended March 31, 2022 (\"YTD FY 2022\"), driven by a $16.2 million, or 22.5%, increase in DSA revenue and a $33.5 million, or 22.0%, increase in RMS revenue. • Consolidated net loss for YTD FY 2023 was $(96.6) million, or (35.2)% of total revenue, compared to consolidated net loss of $(90.1) million, or (40.1)% of total revenue, in YTD FY 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000110465923059152/0001104659-23-059152-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"YTD FY 2023"},{"label":"Revenue","value":"$274.2 million"},{"label":"Net income","value":"$(96.6) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}