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Sep 30, 2021
Inotiv Q4 2021 Earnings Report
Inotiv's Q4 2021 financial performance reflected significant revenue growth and strategic investments.
Key Takeaways
Inotiv, Inc. reported a strong fourth quarter with a 90.7% increase in revenue to $30.1 million, driven by internal growth and acquisitions. Net income was $9.4 million, or $0.06 per diluted share, compared to a net loss of $(1.8) million, or $(0.16) per diluted share, in Q4 FY 2020. The company's strategic investments and acquisitions have positioned it for future growth.
Revenue grew by 90.7% to $30.1 million, driven by internal growth and acquisitions.
Gross profit increased by 123.0% to $10.3 million, with a gross margin of 34.3%.
Net income was $9.4 million, or $0.06 per diluted share, which includes the impact of PPP loan forgiveness and fair value remeasurement on convertible notes.
Adjusted EBITDA increased to $4.3 million, from $156,000 in Q4 FY 2020.