Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 0

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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INOTIV, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts)

June 30,September 30,20252024(Unaudited)AssetsCurrent assets:Cash and cash equivalents$6,215 $21,432 Trade receivables and contract assets, net of allowances for credit losses of $6,445 and $6,931, respectively78,745 73,560 Inventories, net45,074 18,173 Prepaid expenses and other current assets43,535 50,248 Assets held for sale2,016 — Total current assets175,585 163,413 Property and equipment, net182,335 188,328 Operating lease right-of-use assets, net44,930 49,165 Goodwill94,286 94,286 Other intangible assets, net248,930 274,396 Other assets13,671 11,773 Total assets$759,737 $781,361 Liabilities and shareholders' equity Current liabilities: Accounts payable$45,373 $33,526 Accrued expenses and other current liabilities35,921 28,218 Fees invoiced in advance40,251 41,986 Current portion of long-term operating lease8,845 11,774 Current portion of long-term debt 6,206 3,538 Total current liabilities136,596 119,042 Long-term operating leases, net 40,085 40,010 Long-term debt, less current portion, net of debt issuance costs390,336 389,801 Other long-term liabilities27,566 34,963 Deferred tax liabilities, net21,369 27,041 Total liabilities615,952 610,857 Contingencies and Commitments (Note 12)Shareholders’ equity:  Common shares, no par value:Authorized 74,000,000 shares at June 30, 2025 and at September 30, 2024; 34,354,251 issued and outstanding at June 30, 2025 and 26,015,129 at September 30, 20248,550 6,466 Additional paid-in capital754,723 724,789 Accumulated deficit(622,261)(562,163)Accumulated other comprehensive income2,773 1,412 Total equity143