Inotiv reported a 10.3% increase in revenue to $135.5 million for Q1 FY 2024, driven by growth in both DSA and RMS segments. The company's net loss significantly improved to $15.8 million compared to $86.9 million in the same period last year. Adjusted EBITDA also saw a positive shift, reaching $9.6 million.
Revenue increased by 10.3% to $135.5 million, driven by growth in both DSA and RMS segments.
DSA revenue increased by 8.8% to $44.7 million, and RMS revenue increased by 11.1% to $90.8 million.
Net loss improved significantly to $15.8 million, compared to a net loss of $86.9 million in Q1 FY 2023.
Adjusted EBITDA was $9.6 million, a notable improvement from $(5.5) million in the previous year.
Inotiv reaffirms its fiscal 2024 revenue and Adjusted EBITDA guidance.
Visualization of income flow from segment revenue to net income
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