{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-028853","form_type":"8-K","ticker":"NOTV","cik":"0000720154","company_name":"Inotiv, Inc.","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.496871+00:00","generated_at":"2026-06-11T19:53:56.450167+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 Q3 revenue $157.5M (-8.8% YoY); cuts FY2023 guidance to at least $570M","bullets":["Q3 revenue $157.5M, down 8.8% YoY; net income $0.4M vs loss $(3.6M) in Q3 FY2022.","Adjusted EBITDA $30.5M (19.4% of revenue) vs $37.0M (21.4%) prior year.","FY2023 guidance cut: revenue at least $570M (from $580M), adjusted EBITDA at least $60M (from $70M).","DSA backlog $149.1M, net book-to-bill 1.08x; YTD RMS goodwill impairment $66.4M.","Cash $22.2M; total debt $375.6M; no borrowings on $15M revolver; in compliance with debt covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-028853","json":"https://secwatch.observer/filing/0001628280-23-028853.json","markdown":"https://secwatch.observer/filing/0001628280-23-028853.md","text":"https://secwatch.observer/filing/0001628280-23-028853.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720154/000162828023028853/0001628280-23-028853-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720154/000162828023028853/notv-20230810.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T19:53:56.450167+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":"6cbb9f8a8f3500b5ea630f3359ac9c8ee1745838","claim":"Inotiv, Inc. reported YTD FY 2023 (nine months ended June 30, 2023) results: revenue $431.7 million, net income $(96.2) million.","evidence_excerpt":"Revenue grew to $431.7 million in YTD FY 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000162828023028853/0001628280-23-028853-index.htm","confidence":0.91,"family_label":"Earnings Releases","details":[{"label":"Period","value":"YTD FY 2023 (nine months ended June 30, 2023)"},{"label":"Revenue","value":"$431.7 million"},{"label":"Net income","value":"$(96.2) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"891d829286992db241253e861df41589fa069f27","claim":"Inotiv, Inc. reported Q3 FY 2023 (three months ended June 30, 2023) results: revenue $157.5 million, net income $0.4 million.","evidence_excerpt":"Financial Highlights Q3 FY 2023 Highlights • Revenue was $157.5 million in Q3 FY 2023 as compared to $172.7 million during the three months ended June 30, 2022 (“Q3 FY 2022”), driven by a $2.4 million, or 5.0%, decrease in Discovery and Safety Assessment (“DSA”) revenue and a $12.7 million, or 10.3%, decrease in Research Models and Services (“RMS”) revenue.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000162828023028853/0001628280-23-028853-index.htm","confidence":0.91,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q3 FY 2023 (three months ended June 30, 2023)"},{"label":"Revenue","value":"$157.5 million"},{"label":"Net income","value":"$0.4 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"}