Inotiv reports Q1 FY2024 revenue up 10.3% to $135.5M; net loss narrows to $15.8M from $86.9M

Inotiv, Inc.

2024-Q1 EPS reported -$0.60 revenue$135,501,000

Adjusted EBITDA turned positive to $9.6M (7.1% of revenue) vs. -$5.5M in prior year.
DSA backlog rose to $152.3M at Dec 31, 2023, from $132.1M at Sep 30, 2023.
Reaffirmed FY2024 revenue guidance $580-590M and adjusted EBITDA $75-80M.
Operational footprint reduced from 35 to 24 sites; completed in-house transport integration and expansion at Fort Collins, CO.

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 the three months ended December 31, 2023 results: revenue $135.5 million. Guidance reaffirmed.

Period: the three months ended December 31, 2023
Revenue: $135.5 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- Inotiv Reports First Quarter Financial Results for Fiscal 2024 and Provides Business Update – First quarter fiscal 2024 revenue up 10.3% to $135.5 million – First quarter fiscal 2024 DSA revenue up 8.8% to $44.7 million and RMS revenue up 11.1% to $90.8 million – Shift to a renewed focus on sales and marketing as near-term

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Source: SEC EDGAR

accession 0001628280-24-003710

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