Inotiv, Inc. (NOTV) Bundle
A Brief History of Inotiv, Inc. (NOTV)
Founding and Early Years
Inotiv, Inc. was founded in 2020 after the acquisition of the legacy company, TSI Inc., which had established a reputation in the biotech field. The new entity was formed to enhance preclinical research services focusing on drug development.
Key Acquisitions
Inotiv made significant strides in expanding its services through strategic acquisitions, including:
- Harlan Laboratories - Acquired in 2021 for approximately $435 million.
- Envigo - Acquired in 2021 for around $1.2 billion.
Public Listing and Stock Performance
Inotiv, Inc. went public in June 2021 under the stock ticker NOTV. The stock debuted on the Nasdaq and faced fluctuating performance, reflecting broader market trends in biotechnology and Pharma.
The initial public offering (IPO) price was set at $18, with shares reaching a high of $28 within weeks. As of October 2023, the stock traded around $10.50, showing a decline from its peak value.
Financial Performance
Inotiv has reported the following financial highlights:
| Year | Revenue (in millions) | Net Income (in millions) | Stock Price (end of year) |
|---|---|---|---|
| 2021 | $155.2 | -$12.4 | $24.30 |
| 2022 | $215.6 | -$3.5 | $19.80 |
| 2023 | $300.4 | $20.2 | $10.50 |
Market Expansion
Inotiv has strategically expanded its market presence by increasing its laboratory facilities across the United States and Europe. They reported a 10% increase in laboratory capacity in 2022.
Current Operations and Services
The company's operations include:
- Preclinical Safety Assessment - Conducting comprehensive toxicity studies.
- Discovery Services - Offering drug discovery support services.
- Research Models - Providing various laboratory animal services.
Recent Developments
As of Q3 2023, Inotiv announced plans to invest over $50 million into expanding its research capabilities, including new facilities dedicated to genetic and infectious disease research.
Employee Growth
Inotiv has seen significant employee growth since its inception, with the following figures:
| Year | Employees |
|---|---|
| 2021 | 450 |
| 2022 | 712 |
| 2023 | 1,200 |
Future Projections
According to analysts, Inotiv projects a revenue growth rate of 15-20% annually over the next five years, driven by rising demand for preclinical research services.
A Who Owns Inotiv, Inc. (NOTV)
Shareholder Composition
As of the latest financial disclosures, the ownership of Inotiv, Inc. (NASDAQ: NOTV) is primarily comprised of institutional and retail investors. The top shareholders are detailed in the table below.
| Shareholder Type | Number of Shares Owned | Percentage Ownership |
|---|---|---|
| Institutional Investors | 5,200,000 | 40% |
| Retail Investors | 2,300,000 | 17.5% |
| Company Insiders | 1,500,000 | 12% |
| Hedge Funds | 3,000,000 | 23% |
| Other | 1,000,000 | 7.5% |
Major Institutional Investors
The significant institutional investors in Inotiv, Inc. include several well-known investment management firms. The following table lists the major institutional shareholders along with their shareholding details.
| Institution | Shares Held | Ownership Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 1,000,000 | 7.7% |
| BlackRock, Inc. | 800,000 | 6.2% |
| Dimensional Fund Advisors LP | 600,000 | 4.6% |
| Wellington Management Co. LLP | 500,000 | 3.8% |
| State Street Global Advisors | 400,000 | 3.1% |
Insider Ownership
Insider ownership provides insights into the confidence of the company's management in Inotiv's future. The following table delineates the ownership by key executives.
| Name | Title | Shares Owned | Percentage of Total Shares |
|---|---|---|---|
| David R. Tatum | CEO | 600,000 | 4.6% |
| Mary J. Smith | CFO | 400,000 | 3.1% |
| Jason L. Cohen | COO | 300,000 | 2.3% |
Recent Stock Performance
Inotiv's stock performance can impact the ownership structure as well. Below is a table summarizing key financial metrics relevant to recent stock performance.
| Date | Closing Price | Market Capitalization | Volume |
|---|---|---|---|
| October 20, 2023 | $7.50 | $80 million | 250,000 |
| October 19, 2023 | $7.25 | $78 million | 300,000 |
| October 18, 2023 | $7.00 | $76 million | 280,000 |
Future Ownership Trends
Ownership trends can shift based on various factors including stock performance, institutional rebalancing, and changes in insider confidence. The following factors could influence future ownership percentages:
- Market conditions and economic trends.
- Changes in the company’s strategic direction.
- Potential mergers or acquisitions.
- Stock buyback programs.
Conclusion on Ownership Structure
Understanding the ownership structure of Inotiv, Inc. offers valuable insights into the confidence stakeholders have in the company's prospects moving forward. Data shows a diverse mix of institutional, retail, and insider ownership, contributing to a dynamic investment landscape.
Inotiv, Inc. (NOTV) Mission Statement
Inotiv, Inc. (NASDAQ: NOTV) operates in the biotechnology and pharmaceutical sector, providing critical services for the development of new medicines. The company's mission is to accelerate the drug development process for clients by offering innovative and high-quality preclinical and clinical research services.
Core Values
- Integrity: The foundation of trust and quality in relationships with clients.
- Innovation: Committed to providing cutting-edge solutions in drug development.
- Collaboration: Working closely with clients to achieve shared goals.
- Excellence: Striving for the highest standards in all services provided.
Financial Overview
Inotiv reported a revenue of approximately $122 million for the fiscal year 2022, representing a growth of about 34% from the previous year. The company’s net income for the same period was approximately $15 million.
| Financial Metric | 2022 | 2021 |
|---|---|---|
| Revenue | $122 million | $91 million |
| Net Income | $15 million | $10 million |
| EPS (Earnings Per Share) | $0.75 | $0.50 |
| Market Capitalization | $500 million | $350 million |
Client Focus
The mission of Inotiv emphasizes serving a range of clients, including:
- Pharmaceutical companies
- Bioscience organizations
- Academic institutions
- Government agencies
Inotiv aims to ensure client success through tailored services that address specific project needs, striving for project timelines that meet or exceed expectations.
Strategic Goals
The strategic goals supporting Inotiv's mission include:
- Expansion of Services: Increase capabilities in both preclinical and clinical services.
- Global Reach: Expand market presence internationally to serve more clients.
- Technological Advancement: Invest in advanced technologies to enhance service offerings.
Recent Developments
Inotiv recently completed the acquisition of Envigo in 2021, which increased their service offerings and expanded their operational capacities. The deal was valued at approximately $1.1 billion.
Stakeholder Commitment
Inotiv’s commitment extends to all stakeholders, including:
- Customers
- Employees
- Shareholders
- Communities
The company aims to provide long-term value and sustainable growth in alignment with its mission.
Key Performance Indicators
| KPI | 2022 Value | 2021 Value |
|---|---|---|
| Client Retention Rate | 90% | 85% |
| Employee Satisfaction | 85% | 80% |
| Project Completion Rate | 95% | 92% |
| Return on Investment (ROI) | 15% | 12% |
How Inotiv, Inc. (NOTV) Works
Company Overview
Inotiv, Inc. operates in the biotechnology and pharmaceutical sectors, providing preclinical and clinical research services. The company focuses primarily on understanding safety and efficacy during drug development.
Business Segments
- Research Services
- Laboratory Services
- Preclinical Development
- Regulatory Support Services
Financial Performance
As of the third quarter of 2023, Inotiv reported the following financial metrics:
| Metric | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|
| Revenue | $21.5 million | $19.8 million | $22.3 million |
| Net Income | -$2.1 million | -$2.5 million | $1.0 million |
| EBITDA | $3.4 million | $2.9 million | $4.0 million |
| Gross Margin | 35% | 32% | 37% |
Market Position
Inotiv is positioned within the competitive landscape of Contract Research Organizations (CROs). The total addressable market for preclinical services is projected to be approximately $5 billion by 2025, with Inotiv capturing a measurable share.
Recent Acquisitions
Inotiv has expanded its capabilities through targeted acquisitions, including:
- Acquisition of Envigo in 2021 for $1.2 billion
- Acquisition of other niche players to enhance service offerings
Employee Count and Operational Facilities
As of Q3 2023, Inotiv employs approximately 1,200 people across various facilities:
| Facility Location | Employees |
|---|---|
| Indianapolis, IN | 450 |
| Princeton, NJ | 300 |
| Other locations | 450 |
Research Capabilities
Inotiv offers a broad range of research capabilities, including:
- Animal model studies
- Toxicology assessments
- Pharmacokinetics and pharmacodynamics
Client Base
The company serves a diverse range of clients, including:
- Pharmaceutical companies
- Biotechnology firms
- Academic institutions
- Government agencies
Future Outlook
Looking ahead, Inotiv aims to enhance its market position through:
- Expansion of service offerings
- Investment in innovative technologies
- Strategic partnerships with industry leaders
Stock Performance
As of October 2023, Inotiv's stock (NOTV) has shown the following performance metrics:
| Metric | Value |
|---|---|
| Current Share Price | $4.50 |
| Market Capitalization | $150 million |
| P/E Ratio | N/A |
Investment Considerations
Potential investors should consider:
- Growth potential in the CRO market
- Risks associated with regulatory changes
- Market competition and pricing pressures
Compliance and Regulatory Framework
Inotiv operates under strict compliance guidelines, including:
- FDA regulations
- Good Laboratory Practice (GLP)
- Good Clinical Practice (GCP)
Conclusion and Summary of Key Data
The company maintains a strategic focus on innovation and customer service, with a significant investment in infrastructure to support its operations. Continuous improvement in financial performance metrics is vital for sustaining growth in a competitive landscape.
How Inotiv, Inc. (NOTV) Makes Money
Operating Segments
Inotiv, Inc. operates primarily through two segments: Preclinical Services and Research and Development.
Preclinical Services
Inotiv provides a range of services to support pharmaceutical and biotechnology companies in drug development. These services include:
- Pathology
- In vivo Models
- Safety Assessment
- Bioanalytical Services
For the fiscal year 2022, Inotiv reported revenues of approximately $70 million from Preclinical Services, representing a significant portion of their total revenue.
| Service Type | Revenue (2022) | Growth Rate (%) |
|---|---|---|
| Pathology | $25 million | 18% |
| In vivo Models | $20 million | 15% |
| Safety Assessment | $15 million | 20% |
| Bioanalytical Services | $10 million | 10% |
Research and Development Services
Inotiv offers customized research services to pharmaceutical and biotechnology clients. The focus areas include:
- Drug Development
- Analytical Development
- Clinical Trials
In the fiscal year ended September 30, 2022, the company reported R&D revenues of approximately $30 million.
| R&D Service Type | Revenue (2022) | Growth Rate (%) |
|---|---|---|
| Drug Development | $12 million | 25% |
| Analytical Development | $10 million | 30% |
| Clinical Trials | $8 million | 20% |
Client Base
Inotiv's clients include leading pharmaceutical and biopharmaceutical companies. Key clients contribute significantly to revenue generation:
- Top 10 clients account for approximately 60% of total revenue.
- International clients contribute around $25 million in annual revenue.
Market Trends
The global contract research organization (CRO) market size was valued at approximately $40 billion in 2021, and it is projected to grow at a CAGR of 8% through 2028. Inotiv aligns its services to capitalize on these growing trends.
Financial Performance Metrics
As of the third quarter of 2023, Inotiv reported:
- Total Revenue: $150 million
- Net Income: $10 million
- Gross Margin: 30%
- Operating Margin: 5%
| Metric | Value |
|---|---|
| Total Assets | $200 million |
| Total Liabilities | $100 million |
| Shareholders' Equity | $100 million |
Strategic Acquisitions
Inotiv has pursued strategic acquisitions to enhance its service offerings. Recent acquisitions include:
- Acquisition of Envigo in 2021 for approximately $1 billion.
- Acquisition of Harlan for approximately $800 million.
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