secwatch.observer — SEC 8-K summary
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Issuer:     Inotiv, Inc. (NOTV)
CIK:        0000720154
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001628280-24-049749
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inotiv FY2024 revenue down 14.3% to $490.7M; net loss $108.9M; adj. EBITDA falls sharply
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720154/000162828024049749/0001628280-24-049749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720154/000162828024049749/notv-20241203.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-049749

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer