secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001628280-23-041232
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000162828023041232/0001628280-23-041232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000162828023041232/notv-20231211.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-041232

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