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Mar 31, 2022
Inotiv Q2 2022 Earnings Report
Inotiv's Q2 2022 financial results were announced, showing significant growth in revenue and adjusted EBITDA.
Key Takeaways
Inotiv reported a significant increase in revenue to $140.3 million, driven by growth in both DSA and RMS segments, alongside a substantial rise in adjusted EBITDA to $25.3 million. However, the company experienced a net loss attributable to common shareholders of $(6.1) million.
Total revenue increased to $140.3 million, up from $18.8 million in Q2 FY 2021.
Adjusted EBITDA rose to $25.3 million, representing 18.0% of total revenue.
DSA revenue increased by $20.3 million, while RMS revenue saw an incremental increase of $101.2 million.
The company is providing revenue guidance of $290 million in H2 FY 2022, expecting at least $510 million for the full fiscal year 2022.
Inotiv
Inotiv
Inotiv Revenue by Segment
Revenue by Segment
RMS Revenue
CapyFin.comDSA Revenue
CapyFin.com Forward Guidance
Inotiv is providing guidance for revenue of $290 million in H2 FY 2022 for a total of at least $510 million in fiscal 2022, implying year over year growth of 30% or more. The company expects its adjusted EBITDA margin for FY 2022 will not be less than its H1 FY 2022 adjusted EBITDA margin of 15%.
Positive Outlook
- Revenue of at least $510 million in fiscal 2022.
- Year over year growth of 30% or more.
- Adjusted EBITDA margin for FY 2022 will not be less than H1 FY 2022 adjusted EBITDA margin of 15%.
- Integration and optimization of acquired businesses is going very well.
- Anticipate additional operating leverage as investments and expansion and consolidation plans are completed.
Revenue & Expenses
Visualization of income flow from segment revenue to net income