Company: NOTV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023370
Chunk: 124

Company: Inotiv, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part II, Item 8
Chunk 124
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 contract term.Changes in the contract asset and the contract liability balances during the six months ended March 31, 2025 include the following: •Changes in the time frame for a right for consideration to become unconditional – approximately 77% of unbilled revenue as of September 30, 2024, was billed during the six months ended March 31, 2025; and•Changes in the time frame for a performance obligation to be satisfied – approximately 66% of deferred revenue as of September 30, 2024, was recognized as revenue during the six months ended March 31, 2025.

3.    SEGMENT AND GEOGRAPHIC INFORMATIONSegment InformationDuring the three and six months ended March 31, 2025, the RMS segment reported intersegment revenue of $2,994 and $4,266, respectively, related to sales to the DSA segment. During the three and six months ended March 31, 2024, the RMS segment reported intersegment revenue of $3,938 and $4,834, respectively, related to sales to the DSA segment. The following table presents revenue, operating income (loss) and other results of operations by reportable segment for the three and six months ended March 31, 2025 and 2024: 

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Three Months EndedMarch 31,Six Months EndedMarch 31, 2025202420252024RevenueDSA:Service revenue$44,096 $45,302 $85,939 $88,865 Product revenue1,236 1,329 2,215 2,464 RMS:Service revenue12,032 11,659 23,746 21,959 Product revenue66,959 60,745 132,299 141,248 $124,323 $119,035 $244,199 $254,536 Operating (Loss) IncomeDSA$(56)$2,853 $1,890 $4,446 RMS11,432 (30,604)10,247 (25,525)Unallocated Corporate(14,314)(15,365)(30,582)(31,408)$(2,938)$(43,116)$(18,445)$(52,487)Interest expense(13,446)(11,088)(27,284)(22,452)Other income (expense)408 (239)(55)1,174 Loss before