Company: NOTV
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004178
Chunk: 2

Company: Inotiv, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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832 170,504 Total liabilities and shareholders’ equity$772,907 $781,361 

The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

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INOTIV, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

Three Months EndedDecember 31,2024 2023Service revenue$53,557 $53,863 Product revenue66,319 81,638 Total revenue$119,876 $135,501 Costs and expenses:  Cost of services provided (excluding depreciation and amortization of intangible assets)39,244 39,077 Cost of products sold (excluding depreciation and amortization of intangible assets)55,594 62,951 Selling5,137 5,348 General and administrative19,152 19,927 Depreciation and amortization of intangible assets14,179 14,250 Other operating expense2,077 3,319 Operating loss$(15,507)$(9,371)Other (expense) income:Interest expense(13,838)(11,364)Other (expense) income(463)1,413 Loss before income taxes$(29,808)$(19,322)Income tax benefit2,178 3,494 Consolidated net loss$(27,630)$(15,828)Less: Net loss attributable to noncontrolling interests— (440)Net loss attributable to common shareholders$(27,630)$(15,388)Loss per common shareNet loss attributable to common shareholders:Basic$(1.02)$(0.60)Diluted$(1.02)$(0.60)Weighted-average number of common shares outstanding: Basic27,16025,764Diluted27,16025,764

The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

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INOTIV, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(in thousands)

(unaudited)

Three Months EndedDecember 31,2024 2023Consolidated net loss$(27,630)$(15,828)Foreign currency translation(2,130)1,164 Defined benefit plan:Pension cost amortization66 46 Foreign currency translation(249)37 Other comprehensive