Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 176

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 8
Chunk 176
---
 months ended June 30, 2025, the Company’s effective tax rate was primarily driven by the change in forecasted income in non-U.S. jurisdictions and unfavorable discrete items. For the three months ended June 30, 2024, the Company’s effective tax rate was primarily driven by a change in the Company's forecasted loss before income taxes.

Consolidated Net Loss

As a result of the factors described above, we had a consolidated net loss of $17,577 for the three months ended June 30, 2025 as compared to a consolidated net loss of $26,087 during the three months ended June 30, 2024.

Nine Months Ended June 30, 2025 Compared to Nine Months Ended June 30, 2024

41

DSA

Nine Months EndedJune 30,20252024$ Change% ChangeRevenue$136,304$135,548$7560.6 %Cost of revenue1101,49996,2105,2895.5 %Operating expenses217,22319,307(2,084)(10.8)%Depreciation and amortization of intangible assets13,54313,2602832.1 %Operating income3$4,039$6,771$(2,732)(40.3)%Operating income % of total revenue1.1 %1.9 %1Cost of revenue includes cost of services provided and cost of products sold and excludes depreciation and amortization of intangible assets, which is separately stated2Operating expenses include selling, general and administrative and other operating expenses and excludes depreciation and amortization of intangible assets, which is separately stated3Table may not foot due to rounding

DSA revenue increased $756 in the nine months ended June 30, 2025 compared to the nine months ended June 30, 2024. The increase in DSA revenue was primarily driven by an increase in general toxicology services revenue, partially offset by a decrease in discovery services revenue. 

DSA operating income decreased by $2,732 in the nine months ended June 30, 2025 compared to the nine months ended June 30, 2024, primarily due to the increase of $5,289 in cost of revenue and an increase of $283 in depreciation and amortization of intangible assets, partially offset by a decrease of $2,084 in operating expenses and the increase in revenue discussed above. The increase in cost of revenue was primarily due to increased compensation and