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-0.00361445783132544 -0.00255421686746992 -0.00481927710843385 0 0.0265060240963854 0.0361445783132529 0.0240963855421686 0.0433734939759035
Stock impact report

Inotiv Inc (NOTV) Reports Revenue Growth and Reduced Net Loss in Q1 FY 2024 [Yahoo! Finance]

Inotiv, Inc. (NOTV) 
Company Research Source: Yahoo! Finance
Net Loss Reduction : Consolidated net loss decreased to $15.8 million in Q1 FY 2024 from $86.9 million in Q1 FY 2023. Adjusted EBITDA Improvement : Adjusted EBITDA rose to $9.6 million in Q1 FY 2024, compared to $(5.5) million in Q1 FY 2023. Debt Compliance : Inotiv Inc remained in compliance with its debt covenants as of December 31, 2023. Fiscal 2024 Outlook : Reaffirms revenue expectations of $580 to $590 million and adjusted EBITDA of $75 to $80 million. Warning! GuruFocus has detected 7 Warning Signs with NOTV. On February 7, 2024, Inotiv Inc ( NASDAQ:NOTV ) released its 8-K filing , detailing the financial results for the first quarter of fiscal year 2024. The company, a leading contract research organization specializing in nonclinical and analytical drug discovery and development services, reported a significant 10.3% increase in revenue to $135.5 million. This growth is attributed to an 11.1% increase in Research Models and Services (RMS) revenue and an 8.8% increa Show less Read more
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