NASDAQ$NOTV

Inotiv Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Inotiv's financial performance significantly increased due to acquisitions and internal growth, but experienced a net loss due to increased costs.

Inotiv reported a 71.4% increase in revenue for the second quarter of fiscal year 2020, driven by organic growth and acquisitions. However, the company experienced a net loss of $588,000 due to increased costs associated with acquisitions and non-recurring expenses.

  • Revenue increased by 71.4% to $16.012 million compared to the second quarter of fiscal 2019.
  • Net loss was $588,000, or $0.05 per diluted share, compared to a net loss of $569,000, or $0.06 per diluted share for the second quarter of fiscal 2019.
  • Service revenue increased by 86.8% to $15.191 million, driven by organic growth and acquisitions.
  • Adjusted EBITDA amounted to $1.109 million, compared to $267,000 for the second quarter of fiscal 2019.

Headline financials

Total Revenue

$16M

Previous: $9.34M+71.4%
EPS (adj)

-$0.05

Previous: -$0.06+16.7%
Adjusted EBITDA

$1.11M

Previous: $267K+315.4%
Free Cash Flow

-$588K

Previous: -$569K-3.3%
Net Income

-$588K

Previous: -$569K-3.3%
Operating Income

-$195K

Previous: -$449K+56.6%
Gross Profit

$5.19M

Previous: $2.56M+102.8%
Cash & Equivalents

$198K

Previous: $520K-61.9%
Total Assets

$61.7M

Previous: $31.8M+94.0%
Stock-Based Comp

$123K

Previous: $99K+24.2%

Revenue & EPS history

Inotiv · Revenue · Quarterly

$16M

Q2 2020+71.4%vs Q2 2019
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

Inotiv plans to continue integrating its businesses, developing its infrastructure, and evaluating further growth opportunities and new services.

Tailwinds

  • Continue working on the integration of combined businesses and added services.
  • Further develop infrastructure.
  • Further develop project management.
  • Further develop sales and marketing.
  • Further develop client services and branding.

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 Q2 2020

Historical avgQ2 2020

+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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