Company: NOTV
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001628280-25-004178
Chunk: 177

Company: Inotiv, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 2
Chunk 177
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 $1,876 in the three months ended December 31, 2024 compared to the three months ended December 31, 2023. The decrease in DSA revenue was primarily driven by a decrease in discovery service revenue. 

DSA operating income increased by $353 in the three months ended December 31, 2024 compared to the three months ended December 31, 2023, primarily due to a decrease of $1,566 in operating expenses and a decrease of $837 in cost of revenue, partially offset by an increase of $174 in depreciation and amortization of intangible assets and the revenue decrease discussed above. The decrease in operating expenses primarily related to decreases in startup costs, professional fees, repairs and maintenance expense and non-income taxes. The decrease in cost of revenue was primarily due to decreases in research animal model purchases, partially offset by increases in compensation and benefits expense. 

35

RMS

Three Months EndedDecember 31,20242023$ Change% ChangeRevenue$77,054$90,803$(13,749)(15.1)%Cost of revenue164,02670,379(6,353)(9.0)%Operating expenses24,7755,609(834)(14.9)%Depreciation and amortization of intangible assets9,4389,737(299)(3.1)%Operating (loss) income 3$(1,185)$5,078$(6,263)(123.3)%Operating (loss) income % of total revenue(1.0)%3.7 %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 stated3 Table may not foot due to rounding

RMS revenue decreased $13,749 in the three months ended December 31, 2024 compared to the three months ended December 31, 2023 due primarily to the negative impact of lower NHP product and service revenue of $13,509.

RMS operating loss was $1,185 in the three months ended December 31, 2024 compared to operating income of $5,078 in the three months ended December 31, 2023, a decrease of $6,263. This change was primarily due to decreased revenue, primarily due to lower pricing for NHPs, partially offset by decreased cost