Company: NOTV
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-039017
Chunk: 172

Company: Inotiv, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 8
Chunk 172
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Financial Highlights During Three Months Ended June 30, 2025

•Revenue was $130,683 in the three months ended June 30, 2025, an increase of $24,897, or 23.5%, compared to $105,786 during the three months ended June 30, 2024, driven by an increase of $20,966, or 34.1%, in RMS revenue and a $3,931, or 8.9%, increase in DSA revenue.

•Consolidated net loss for the three months ended June 30, 2025 was $17,577, or 13.5% of total revenue, compared to a consolidated net loss of $26,087, or 24.7% of total revenue, in the three months ended June 30, 2024. 

•Book-to-bill ratio for the three months ended June 30, 2025 was 1.07x for the DSA services business.

•DSA backlog was $134,319 at June 30, 2025 compared to $139,384 at June 30, 2024 and $130,824 at March 31, 2025.

Financial Highlights During Nine Months Ended June 30, 2025

•Revenue was $374,882 in the nine months ended June 30, 2025, an increase of $14,560, or 4.0%, compared to $360,322 during the nine months ended June 30, 2024, driven by an increase of $13,804, or 6.1%, in RMS revenue and an increase of $756, or 0.6%, in DSA revenue.

•Consolidated net loss for the nine months ended June 30, 2025 was $60,073, or 16.0% of total revenue, compared to a consolidated net loss of $89,994, or 25.0% of total revenue, in the nine months ended June 30, 2024. 

•Book-to-bill ratio for the nine months ended June 30, 2025 was 1.03x for the DSA services business.

Highlights

•On June 2, 2025, the Securities and Exchange Commission (the "SEC") provided notice to the Company, through the Company’s external counsel, that the SEC’s Division of Enforcement (the “Division”) has concluded its previously-disclosed investigation related to