Company: NOTV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023370
Chunk: 163

Company: Inotiv, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part II, Item 8
Chunk 163
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5, an increase of $5,288 or 4.4%, compared to $119,035 during the three months ended March 31, 2024, driven by an increase of $6,587, or 9.1%, in RMS revenue, partially offset by a $1,299, or 2.8%, decrease in DSA revenue.

•Consolidated net loss for the three months ended March 31, 2025 was $14,866, or 12.0% of total revenue, compared to consolidated net loss of $48,079, or 40.4% of total revenue, in three months ended March 31, 2024. 

•Book-to-bill ratio for the three months ended March 31, 2025 was 1.01x for the DSA services business.

•DSA backlog was $130,824 at March 31, 2025 compared to $129,916 at September 30, 2024 and $142,082 at March 31, 2024.

Financial Highlights During Six Months Ended March 31, 2025

•Revenue was $244,199 in the six months ended March 31, 2025, a decrease of $10,337 or 4.1%, compared to $254,536 during the six months ended March 31, 2024, driven by a decrease of $7,162, or 4.4%, in RMS revenue and a $3,175, or 3.5%, decrease in DSA revenue.

•Consolidated net loss for the six months ended March 31, 2025 was $42,496, or 17.4% of total revenue, compared to consolidated net loss of $63,907, or 25.1% of total revenue, in the six months ended March 31, 2024. 

•Book-to-bill ratio for the six months ended March 31, 2025 was 1.01x for the DSA services business.

Highlights

•Two properties are under contract to be sold and are held for sale as of March 31, 2025 in connection with our U.S. optimization plans.

•As we have continued to work through our optimization plans, we now expect our current U.S. optimization plans to be complete by the end of the second quarter of fiscal 2026.

•On February 14, 2025, the Company (through two of its