Revenue Increase
For the third quarter of fiscal 2025, there was a year-over-year revenue increase of 23.5%, with total revenue reaching $130.7 million compared to $105.8 million in the third quarter of fiscal 2024.
DSA and RMS Segment Growth
RMS segment revenue increased by $21 million or 34.1% over the prior year quarter, while DSA segment revenue increased by $3.9 million or 8.9% over the same period in fiscal 2024.
Improved EBITDA
EBITDA for the quarter was $11.6 million compared to $0.1 million in Q3 of fiscal 2024, marking the strongest adjusted EBITDA since Q4 of fiscal 2023.
DSA Awards Growth
There was a year-over-year Q3 increase in net DSA awards of 25%, with Discovery awards increasing 31.3% over the same period a year ago.
Improved Operating Margins
DSA operating margins improved 4.6% over Q2 fiscal year '25, although still 0.8% lower compared to Q3 of 2024. RMS operating margins for Q3 fiscal year 2025 were 19.8% higher than the prior year quarter.
Conclusion of SEC Investigation
The SEC's division of enforcement concluded its investigation from May 2023 without recommending an enforcement action against Inotiv.