Company: NOTV
Filing Date: 2025-12-05
Form Type: 10-K
Source: 0001628280-25-055483
Chunk: 148

Company: Inotiv, Inc.
Filing Date: 2025-12-05
Form: 10-K
Item: Item 1
Chunk 148
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 sold two U.S. properties during fiscal year 2025. As required by the Credit Agreement, the net proceeds from the sale in June 2025 were used to repay principal on our term loans, during July 2025 and the net proceeds from the sale in September 2025 were used to repay principal on our term loans during October 2025.

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•On August 8, 2025, we became aware of a cybersecurity incident affecting certain of our systems and data (the “2025 Cybersecurity Incident”). We have restored availability and access to the Company’s networks and systems. The forensic investigation of the 2025 Cybersecurity Incident is now complete and determined that between approximately August 5-8, 2025, a threat actor gained unauthorized access to the Company’s systems and may have acquired certain data. The Company is in the process of providing notifications regarding the 2025 Cybersecurity Incident in accordance with applicable legal obligations. While we have identified the likely scope of the incident, the full operational and financial impacts are still being evaluated. Accordingly, we have not yet determined whether the 2025 Cybersecurity Incident is reasonably likely to have a material impact on the Company. 

•In closings on December 19, 2024 and December 30, 2024, the Company raised approximately $27,524 in net proceeds from its underwritten public offering of a total of 6,900,000 common shares at a price to the public of $4.25 per share.

Results of Operations by Segment

Below we have provided discussion and analysis of our financial results by reportable segments:

Twelve Months Ended September 30, 2025 Compared to Twelve Months Ended September 30, 2024

DSA

Twelve Months EndedSeptember 30,20252024$ Change% ChangeRevenue$187,943$180,116$7,827 4.3 %Cost of revenue 1138,214127,21610,9988.6 %Operating expenses 223,46626,336(2,870)(10.9)%Depreciation and amortization of intangible assets17,97917,8651140.6 %Operating income 3$8,284$8,699$(415)(4.8)%Operating income % of total revenue1.6 %1.8 %Operating income % of segment revenue4.4 %4.8 %1 Cost of revenue includes cost of services provided and cost