---
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"
generated_at: "2026-06-01T23:51:00.427842+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Inotiv Q2 revenue down 21.5%, net loss $48.1M includes $26.5M DOJ charge; withdraws FY2024 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-023558
- JSON: https://secwatch.observer/filing/0001628280-24-023558.json
- Plain text: https://secwatch.observer/filing/0001628280-24-023558.txt

## Key facts
- Earnings Releases
  Inotiv, Inc. reported three months ended March 31, 2024 results: revenue $119.0 million, net income $48.1 million.
  - Period: three months ended March 31, 2024
  - Revenue: $119.0 million
  - Net income: $48.1 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000162828024023558/0001628280-24-023558-index.htm
- Earnings Releases
  Inotiv, Inc. reported six months ended March 31, 2024 results: revenue $254.5 million, net income $63.9 million.
  - Period: six months ended March 31, 2024
  - Revenue: $254.5 million
  - Net income: $63.9 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/720154/000162828024023558/0001628280-24-023558-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.