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Dec 31, 2024
Inotiv Q1 2025 Earnings Report
Revenue decreased due to declines in both Research Models & Services and Discovery & Safety Assessment segments, resulting in a net loss.
Key Takeaways
Inotiv reported a decrease in revenue for Q1 2025, driven by lower performance in both its RMS and DSA segments. The company experienced a net loss, although they enhanced liquidity through a common share issuance.
Revenue decreased by 11.5% to $119.9 million compared to the same period last year.
Net loss was $27.6 million, which is 23.0% of total revenue.
Adjusted EBITDA was $2.6 million, representing 2.2% of total revenue.
DSA backlog was $130.4 million.
Inotiv
Inotiv
Inotiv Revenue by Segment
Revenue by Segment
RMS Revenue
CapyFin.comDSA Revenue
CapyFin.com Forward Guidance
Inotiv is focused on strengthening financial stability and enhancing client experience. They anticipate annual cost savings upon completing the next phase of their North American RMS site optimization plan.
Positive Outlook
- Expanded NHP client base and secured pre-sales for calendar year 2025 to reduce revenue volatility.
- Colony management services are expected to experience steady growth and increased revenue.
- Advancing the optimization of North American transportation and distribution systems for improved efficiency.
- Anticipate annual cost savings of approximately $4.0 to $5.0 million upon completing the next phase of North American RMS site optimization.
- Recent equity offering generated $27.5 million in net proceeds, allowing for strategic decisions and sustainable growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income