Home / Going-concern warnings / Inotiv, Inc.
Filed 2025-05-08 路 Form 10-Q 路 Accession 0001628280-25-023370 micro
Price before filing: $2.01 (2025-05-07 close, split/dividend-adjusted)
Market cap at flag: $76.3M (2025-05-08) 路 Latest: $381,183 (2026-07-02)
| Window | NOTV | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +49.8% | +6.9% | +42.9% | 2025-06-09 |
| 90 days | +9.0% | +13.1% | -4.1% | 2025-08-06 |
| 180 days | -43.3% | +21.0% | -64.3% | 2025-11-04 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 5 insiders sold $325K (5 sales)
30 days after: 1 insider sold $5K (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-02-18 | Freeman Jeffrey Brennan VP-Finance & Corp. Controller | Sale | 1,339 | $4.04 | $5K | no | Form 4 |
| 2025-02-18 | Leasure Robert Jr. President and CEO, Director | Sale | 73,617 | $3.82 | $281K | no | Form 4 |
| 2025-02-18 | Sagartz John E Chief Strategy Officer, Director | Sale | 2,113 | $3.94 | $8K | no | Form 4 |
| 2025-02-18 | Taylor Beth Chief Financial Officer | Sale | 4,370 | $4.01 | $18K | no | Form 4 |
| 2025-04-01 | Coelho Mary Theresa Director | Sale | 5,500 | $2.35 | $13K | no | Form 4 |
| 2025-05-08: red flag filed | |||||||
| 2025-06-02 | Neff R Matthew Director | Sale | 2,000 | $2.62 | $5K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-02-07 to 2025-06-07. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As a result, substantial doubt about the Company's ability to continue as a going concern exists."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-03-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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