Company: NOTV
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023370
Chunk: 14

Company: Inotiv, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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INOTIV, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts)

March 31,September 30,20252024(Unaudited)AssetsCurrent assets:Cash and cash equivalents$19,299 $21,432 Trade receivables and contract assets, net of allowances for credit losses of $5,902 and $6,931, respectively70,940 73,560 Inventories, net38,042 18,173 Prepaid expenses and other current assets41,996 50,248 Assets held for sale3,381 — Total current assets173,658 163,413 Property and equipment, net181,155 188,328 Operating lease right-of-use assets, net46,761 49,165 Goodwill94,286 94,286 Other intangible assets, net256,590 274,396 Other assets13,516 11,773 Total assets$765,966 $781,361 Liabilities and shareholders' equity Current liabilities: Accounts payable$32,213 $33,526 Accrued expenses and other current liabilities26,600 28,218 Fees invoiced in advance40,463 41,986 Current portion of long-term operating lease8,988 11,774 Current portion of long-term debt 7,146 3,538 Total current liabilities115,410 119,042 Long-term operating leases, net 40,225 40,010 Long-term debt, less current portion, net of debt issuance costs392,394 389,801 Other long-term liabilities37,326 34,963 Deferred tax liabilities, net22,919 27,041 Total liabilities608,274 610,857 Contingencies and Commitments (Note 12)Shareholders’ equity:  Common shares, no par value:Authorized 74,000,000 shares at March 31, 2025 and at September 30, 2024; 34,348,540 issued and outstanding at March 31, 2025 and 26,015,129 at September 30, 20248,549 6,466 Additional paid-in capital753,563 724,789 Accumulated deficit(604,684)(562,163)Accumulated other comprehensive income264 1,412 Total equity157,692