secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001628280-24-036140
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inotiv Q3 FY2024 revenue down 32.8% to $105.8M; net loss $26.1M; adjusted EBITDA $0.1M
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- Revenue fell 32.8% YoY to $105.8M; RMS segment down 44.4% on lower NHP demand and pricing.
- Net loss of $26.1M vs $0.4M net income a year ago; consolidated net loss margin 24.7%.
- Adjusted EBITDA was $0.1M (0.1% of revenue) vs $30.5M (19.4%) in Q3 FY2023.
- Closed certain DOJ investigations; recorded $28.5M charge, paid $6.5M in Q3; Sixth Amendment waived Q3 covenant tests.
- DSA backlog $139.4M down from $149.1M a year ago; book-to-bill 0.94x; NHP probe closed by S.D. Fla. on July 23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000162828024036140/0001628280-24-036140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000162828024036140/notv-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-036140

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