---
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"
generated_at: "2026-06-15T05:12:43.332469+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Inotiv Q2 FY2023 revenue $151.5M (+8% YoY); net loss $(9.6)M; cuts FY23 Adj EBITDA guidance to $70M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-059152
- JSON: https://secwatch.observer/filing/0001104659-23-059152.json
- Plain text: https://secwatch.observer/filing/0001104659-23-059152.txt

## Key facts
- Earnings Releases
  Inotiv, Inc. reported Q2 FY 2023 results: revenue $151.5 million, net income $(9.6) million.
  - Period: Q2 FY 2023
  - Revenue: $151.5 million
  - Net income: $(9.6) million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000110465923059152/0001104659-23-059152-index.htm
- Earnings Releases
  Inotiv, Inc. reported the full fiscal year ending September 30, 2023 results: revenue at least $580 million. Guidance lowered.
  - Period: the full fiscal year ending September 30, 2023
  - Revenue: at least $580 million
  - Guidance: lowered
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000110465923059152/0001104659-23-059152-index.htm
- Earnings Releases
  Inotiv, Inc. reported YTD FY 2023 results: revenue $274.2 million, net income $(96.6) million.
  - Period: YTD FY 2023
  - Revenue: $274.2 million
  - Net income: $(96.6) million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000110465923059152/0001104659-23-059152-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.