NASDAQ$NOTV

Inotiv Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Inotiv's first quarter of fiscal year 2021 showed revenue growth and improved financial results.

Inotiv reported a 38.5% increase in revenue, positive operating income, and $1.3 million in adjusted EBITDA for Q1 FY 2021. The company's unification under the Inotiv brand and client-service oriented culture drove performance, reflected in increasing revenue, a quarter-end backlog of $45.3 million, and a book-to-bill ratio of 1.16x.

  • Revenue increased by 38.5% year-over-year to $17.9 million.
  • Service segment revenue increased by 40.3% to $17.0 million.
  • The company's backlog at the end of Q1 FY 2021 was $45.3 million.
  • Adjusted EBITDA increased 169.4% to $1.3 million.

Headline financials

Total Revenue

$17.9M

Previous: $12.9M+38.5%
EPS (adj)

-$0.03

Previous: -$0.07+57.1%
DSA Book-to-Bill

1.16

No prior period
Free Cash Flow

-$366K

Previous: -$1.43M+74.3%
Net Income

-$366K

Previous: -$1.43M+74.3%
Operating Income

$14K

Previous: -$1.02M+101.4%
Gross Profit

$5.88M

Previous: $3.48M+69.0%
Cash & Equivalents

$1.16M

Previous: $511K+126.0%
Total Assets

$62.8M

Previous: $60.9M+3.1%
Stock-Based Comp

$181K

Previous: $81K+123.5%

Revenue & EPS history

Inotiv · Revenue · Quarterly

$17.9M

Q1 2021+38.5%vs Q1 2020
Beat estimate in 2 of 4 quarters(50%)
ActualEstimate

Revenue by segment

Inotiv · $158M total across 2 segments · Q3 2023

  • RMS
    $111M-17.5%
  • DSA
    $46.8M-2.3%

Forward guidance

Inotiv anticipates significant opportunities to expand services, generate favorable returns on investments, and drive value for shareholders. They also aim to improve the client experience and strengthen their culture.

Tailwinds

  • Significant opportunities to expand services.
  • Potential to generate favorable returns on investments.
  • Aim to drive value for shareholders.
  • Opportunities to improve and escalate the client experience.
  • Goal to strengthen winning culture and create a gratifying work environment.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+3.5%

Avg return

5 days after

+5.6%

Avg return

30 days after

39%

25 / 64 earnings

Positive

+51.3%

Q4 2022

Best reaction

-35.7%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-3.6%-0.2%-72.5%
Q1 2026-14.3%-33.3%-7.1%
Q4 2025-6.3%-9.6%-42.6%
Q2 2025+11.2%+4.5%+33.8%
Q1 2025-12.9%-8.9%-41.8%
Q4 2024+0.8%-2.6%+7.4%
Q3 2024+5.0%-5.0%-15.7%
Q2 2024+0.9%-13.2%-17.0%
Q1 2024+15.0%+45.5%+126.5%
Q4 2023-24.6%-7.1%+17.2%
Q3 2023-35.7%-40.7%-49.0%
Q2 2023-7.0%+0.2%-13.1%
Q1 2023+4.5%+4.4%-30.1%
Q4 2022+51.3%+67.4%+47.4%
Q3 2022+24.9%+33.9%+16.1%
Q2 2022+42.5%+60.3%+21.1%
Q1 2022-18.7%-28.8%-47.9%
Q4 2021-13.0%+9.7%-19.8%
Q3 2021+6.5%+3.2%+13.1%
Q2 2021+4.2%+9.3%+9.6%
Q1 2021+25.2%+34.7%+48.4%
Q4 2020+20.9%+13.6%+74.3%
Q3 2020-12.8%-15.7%-10.6%
Q2 2020+6.2%+13.2%+25.4%
Q1 2020-12.3%-13.1%-20.4%
Q4 2019+13.7%+10.8%+34.5%
Q3 2019-4.8%+16.2%+73.8%
Q2 2019-2.9%-4.8%-4.3%
Q1 2019-4.9%-2.1%+31.9%
Q4 2018-2.3%-2.3%+6.8%
Q3 2018+0.0%+6.7%+7.3%
Q2 2018+0.6%-2.3%-5.2%
Q1 2018-19.6%-16.4%-15.3%
Q4 2017-3.9%-5.7%-22.1%
Q3 2017-4.0%-2.8%-9.7%
Q2 2017+6.3%+3.2%+5.7%
Q1 2017+23.1%+20.9%+64.8%
Q4 2016+10.0%-1.2%+17.5%
Q3 2016-13.6%-4.3%-18.6%
Q2 2016-6.9%
Q1 2016-14.3%
Q4 2015-3.1%
Q3 2015-8.6%
Q2 2015-1.9%
Q1 2015-5.5%
Q4 2014-7.5%
Q3 2014+15.2%
Q2 2014-2.3%
Q1 2014-9.8%
Q4 2013+9.6%
Q3 2013+25.9%
Q2 2013+9.6%
Q1 2013+3.4%
Q4 2012-5.9%
Q3 2012+4.8%
Q2 2012-7.5%
Q1 2012+0.0%
Q1 2011+0.0%
Q4 2011-3.8%
Q2 2011-3.8%
Q4 2010-4.3%
Q3 2011-4.3%
Q3 2010-4.3%
Q2 2010-3.2%

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