earnings
confidence high
sentiment negative
materiality 0.80
Inotiv FY2024 revenue down 14.3% to $490.7M; net loss $108.9M; adj. EBITDA falls sharply
Inotiv, Inc.
- Q4 FY2024 revenue $130.4M (-7.3% YoY, +23.3% sequentially); net loss $18.9M vs $8.7M loss YoY.
- FY2024 revenue $490.7M (-14.3%); net loss $108.9M (22.2% rev) including $28.5M DOJ resolution charge.
- Adjusted EBITDA Q4 $5.4M (4.1% rev) vs $23.7M (16.8%) YoY; FY adj EBITDA $18.2M (3.7%) vs $65.8M (11.5%).
- DSA backlog $129.9M; book-to-bill 0.78x in Q4; RMS FY revenue fell 19.8% driven by NHP volatility.
- Company issued Second Lien Notes and amended credit agreement to enhance liquidity (no specific terms disclosed).