Inotiv reports FY2023 revenue $572.4M (+4.5%), adj. EBITDA $65.8M; FY2024 guidance $580-590M

Inotiv, Inc.

Q4 revenue $140.7M (-6.5% YoY) with DSA +13.6% to $50.2M, RMS -14.9% to $90.5M.
FY2023 net loss $104.9M ($66.4M goodwill impairment) vs $337.3M loss prior year.
Adjusted EBITDA FY2023 $65.8M (11.5% rev) vs $90.5M (16.5%) prior year; Q4 adj. EBITDA $23.7M.
DSA backlog $132.1M at Sept 30, 2023, down from $147.2M a year ago; net book-to-bill 0.92x for FY.
FY2024 guidance: rev $580-590M, adj. EBITDA $75-80M, capex ~4.5% of revenue; site optimizations continue.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Inotiv, Inc. reported financial results for three and twelve months ended September 30, 2023.

Period: three and twelve months ended September 30, 2023
Result: reported results

Exact text from the filing

On December 11, 2023 , Inotiv, Inc. issued a press release announcing financial results for the three and twelve months ended September 30, 2023.

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Inotiv, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-041232

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