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Inotiv (NOTV)
NASDAQ:NOTV
Holding NOTV?
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-$0.74Last Year’s EPS
-$0.6Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 03, 2024
|% Change Since: 0.72%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant quarter-over-quarter revenue growth, particularly in NHP sales and operational efficiency improvements. However, the company faced year-over-year declines in revenue and operating losses due to reduced margins and increased interest expenses. Despite these challenges, strong presales for NHPs and efforts to optimize operations suggest a cautious optimism for fiscal 2025.Company Guidance
During the earnings call for Q4 2024, Inotiv provided guidance on several key metrics, highlighting a 23% increase in quarter-over-quarter revenue to $130.4 million, although this was a 7.3% decline compared to Q4 2023. The company emphasized a significant 177.9% increase in the number of NHPs sold from Q3 to Q4 2024, despite a 33.4% decrease in average selling price compared to the previous year. The RMS segment reported a 39.3% increase in revenue compared to Q3 2024, while the DSA segment saw a modest 0.9% increase. The company also noted a $13.2 million operating loss for Q4 2024, an improvement from Q3 2024, but a decline from Q4 2023's operating income. Adjusted EBITDA for Q4 2024 was $5.4 million, down from $23.7 million in the prior year. Despite these challenges, Inotiv expressed optimism for 2025, with plans to enhance cash flow and reduce volatility, although no specific guidance for fiscal 2025 was provided.Quarter-over-Quarter Revenue Increase
Inotiv reported a total revenue of $130.4 million for Q4 2024, representing a 23% increase compared to $105.8 million in Q3 2024.
Significant Increase in NHP Sales
The number of NHPs sold in Q4 2024 increased by 177.9% compared to Q3 2024, and by 48.9% compared to Q4 2023.
Reduction in DSA Cancellations
DSA cancellations and negative change orders in Q4 2024 were approximately 32% lower compared to the prior year period.
Operational Efficiency Improvements
The company continued to drive efficiency, reducing general and administrative expenses on a year-over-year basis.
Strong Presales for NHPs in 2025
Inotiv has presold more NHPs going into 2025 than in 2024, and has added multiple new customers.
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NOTV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NOTV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 03, 2024 | $4.19 | $3.93 | -6.21% |
| Aug 08, 2024 | $1.68 | $1.67 | -0.60% |
| May 15, 2024 | $2.24 | $2.14 | -4.46% |
| Feb 07, 2024 | $3.68 | $4.30 | +16.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Inotiv (NOTV) report earnings?
Inotiv (NOTV) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Inotiv (NOTV) earnings time?
Inotiv (NOTV) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOTV EPS forecast?
NOTV EPS forecast for the fiscal quarter 2025 (Q1) is -$0.74.
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