Company: NOTV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023370
Chunk: 15

Company: Inotiv, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 170,504 Total liabilities and shareholders’ equity$765,966 $781,361 

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

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Table of Contents

INOTIV, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

Three Months EndedMarch 31,Six Months EndedMarch 31,2025 202420252024Service revenue$56,128 $56,961 $109,685 $110,824 Product revenue68,195 62,074 134,514 143,712 Total revenue$124,323 $119,035 $244,199 $254,536 Costs and expenses:  Cost of services provided (excluding depreciation and amortization of intangible assets)43,492 38,663 82,736 77,740 Cost of products sold (excluding depreciation and amortization of intangible assets)51,840 53,694 107,434 116,645 Selling5,078 5,403 10,215 10,751 General and administrative17,152 19,796 36,304 39,723 Depreciation and amortization of intangible assets13,824 14,155 28,003 28,405 Other operating (income) expense(4,125)30,440 (2,048)33,759 Operating loss$(2,938)$(43,116)$(18,445)$(52,487)Other income (expense):Interest expense(13,446)(11,088)(27,284)(22,452)Other income (expense) 408 (239)(55)1,174 Loss before income taxes$(15,976)$(54,443)$(45,784)$(73,765)Income tax benefit1,110 6,364 3,288 9,858 Consolidated net loss$(14,866)$(48,079)$(42,496)$(63,907)Less: Net loss attributable to noncontrolling interests— — — (440)Net loss attributable to common shareholders$(14,866)$(48,079)$(42,496)$(63,467)Loss per common shareNet loss attributable to common shareholders:Basic$(0.44)$(1.86)