---
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"
generated_at: "2026-06-11T19:53:56.450167+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Inotiv Q3 revenue $157.5M (-8.8% YoY); cuts FY2023 guidance to at least $570M

## Summary
- 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.

## SEC filing metadata
- 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
- 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/720154/000162828023028853/0001628280-23-028853-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720154/000162828023028853/notv-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-028853
- JSON: https://secwatch.observer/filing/0001628280-23-028853.json
- Plain text: https://secwatch.observer/filing/0001628280-23-028853.txt

## Key facts
- Earnings Releases
  Inotiv, Inc. reported YTD FY 2023 (nine months ended June 30, 2023) results: revenue $431.7 million, net income $(96.2) million.
  - Period: YTD FY 2023 (nine months ended June 30, 2023)
  - Revenue: $431.7 million
  - Net income: $(96.2) million
  - Result: reported results
  source text: Revenue grew to $431.7 million in YTD FY 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/720154/000162828023028853/0001628280-23-028853-index.htm
- Earnings Releases
  Inotiv, Inc. reported Q3 FY 2023 (three months ended June 30, 2023) results: revenue $157.5 million, net income $0.4 million.
  - Period: Q3 FY 2023 (three months ended June 30, 2023)
  - Revenue: $157.5 million
  - Net income: $0.4 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000162828023028853/0001628280-23-028853-index.htm

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