Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 14

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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724 24,898 Contract liabilities: Deferred revenue18,527 17,088When the Company does not have the unconditional right to advanced billings, both advanced client payments and unpaid advanced client billings are excluded from deferred revenue, with the advanced billings also being excluded from client receivables. The Company excluded approximately $12,170 and $10,399 of unpaid advanced client billings from both client receivables and deferred revenue as of June 30, 2025 and September 30, 2024, respectively.The Company expects approximately 80% of deferred revenue to be recognized as revenue within the next twelve months and the remainder to be recognized thereafter during the remaining contract term.Changes in the contract asset and the contract liability balances during the nine months ended June 30, 2025 include the following: •Changes in the time frame for a right for consideration to become unconditional – approximately 80% of unbilled revenue as of September 30, 2024, was billed during the nine months ended June 30, 2025; and•Changes in the time frame for a performance obligation to be satisfied – approximately 71% of deferred revenue as of September 30, 2024, was recognized as revenue during the nine months ended June 30, 2025.

3.    SEGMENT AND GEOGRAPHIC INFORMATIONSegment InformationDuring the three and nine months ended June 30, 2025, the RMS segment reported intersegment revenue of $1,680 and $5,946, respectively, related to sales to the DSA segment. During the three and nine months ended June 30, 2024, the RMS segment reported intersegment revenue of $396 and $5,230, respectively, related to sales to the DSA segment. The following table presents revenue, operating (loss) income and other results of operations by reportable segment for the three and nine months ended June 30, 2025 and 2024: 

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Three Months EndedJune 30,Nine Months EndedJune 30, 2025202420252024RevenueDSA:Service revenue$46,895 $43,086 $132,834 $131,951 Product revenue1,255 1,133 3,470 3,597 RMS:Service revenue12,684 11,278 36,430 33,237 Product revenue69,849 50,289 202,148 191,537 $130,