secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001628280-23-028853
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000162828023028853/0001628280-23-028853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000162828023028853/notv-20230810.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-028853

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer