{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-023558","form_type":"8-K","ticker":"NOTV","cik":"0000720154","company_name":"Inotiv, Inc.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.774046+00:00","generated_at":"2026-06-01T23:51:00.427842+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Inotiv Q2 revenue down 21.5%, net loss $48.1M includes $26.5M DOJ charge; withdraws FY2024 guidance","bullets":["Q2 FY2024 revenue $119.0M (-21.5% YoY); net loss $48.1M vs $9.6M loss prior year.","Agreement in principle with DOJ accrued $26.5M charge; expects additional cash outlays over 3-5 years.","RMS revenue down 30.7% on weak NHP demand; DSA revenue nearly flat (-0.9%).","Adjusted EBITDA fell to $3.1M (2.6% of revenue) from $17.1M (11.3%) a year ago.","Withdraws FY2024 guidance citing NHP demand uncertainty; Fourth Amendment allows add-back of DOJ charges for debt covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-023558","json":"https://secwatch.observer/filing/0001628280-24-023558.json","markdown":"https://secwatch.observer/filing/0001628280-24-023558.md","text":"https://secwatch.observer/filing/0001628280-24-023558.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720154/000162828024023558/0001628280-24-023558-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720154/000162828024023558/notv-20240515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:51:00.427842+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ce31265756d918cb64917a34cd4aaf31655a30ed","claim":"Inotiv, Inc. reported three months ended March 31, 2024 results: revenue $119.0 million, net income $48.1 million.","evidence_excerpt":"Revenue was $119.0 million in Q2 FY 2024 as compared to $151.5 million during the three months ended March 31, 2023 (“Q2 FY 2023”), driven primarily by a decrease of $32.1 million, or 30.7%, in Research Models and Services (“RMS”) revenue. • Consolidated net loss for Q2 FY 2024 was $48.1 million, or 40.4% of total revenue, compared to consolidated net loss of $9.6 million, or 6.4% of total revenue, in Q2 FY 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000162828024023558/0001628280-24-023558-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$119.0 million"},{"label":"Net income","value":"$48.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f96b120fcdb6180be64698c4b3f2db35de042707","claim":"Inotiv, Inc. reported six months ended March 31, 2024 results: revenue $254.5 million, net income $63.9 million.","evidence_excerpt":"Revenue was $254.5 million during the YTD FY 2024 compared to $274.2 million during the six months ended March 31, 2023 (\"YTD FY 2023\"), driven by a $22.9 million decrease in RMS revenue and partially offset by a $3.2 million increase in DSA revenue. • Consolidated net loss for YTD FY 2024 was $63.9 million, or 25.1% of total revenue, compared to consolidated net loss of $96.6 million, or 35.2% of total revenue for YTD FY 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720154/000162828024023558/0001628280-24-023558-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"six months ended March 31, 2024"},{"label":"Revenue","value":"$254.5 million"},{"label":"Net income","value":"$63.9 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}