Inotiv, Inc. (NASDAQ:NOTV) Q1 2024 Earnings Call Transcript

Last year at this time, we were probably just getting started. And to get up to where we are today, 30%, and if we can get up to 40% over the next quarter or two and get that to at least a break even on the margins standpoint over the next three months or four months, that would be great. It would be significant.

Matt Hewitt: That’s great. Thank you very much.

Operator: Thank you. We’ve reached the end of our question-and-answer session and I would like to turn the floor back over to CEO, Bob Leasure for closing comments.

Bob Leasure: Well, thank you everyone for joining today’s call and I look forward to updating the market as to the progress of our execution across all of our strategic objectives and this — what I hope is an exciting year for us. With critical operational groundwork achieved in the past 18 months, we firmly expect to see success in our strategic initiatives in improving efficiency to positively impact our top and bottomlines. In the meantime, we will continue our efforts to grow our reputation, become a leading midsize CRO provider of choice. I’m very pleased also to have heard a lot of people and employees listen to these calls. They’ve done a tremendous job and I can’t thank them enough for what they do. So, thank you again everyone for your support as Inotiv enters this new stage of growth and possibilities. Have a good afternoon and we look forward to speaking with everyone on our next call.

Operator: This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.