secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001628280-24-023558
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000162828024023558/0001628280-24-023558-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000162828024023558/notv-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-023558

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