secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001628280-24-003710
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000162828024003710/0001628280-24-003710-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000162828024003710/notv-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-003710

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