secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001104659-23-059152
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000110465923059152/0001104659-23-059152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000110465923059152/tm2315510d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-059152

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