$NOTV
Inotiv, Inc.

2016 Q3 Form 10-Q Financial Statement

#000114420416119556 Filed on August 15, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $5.150M $5.053M $6.150M
YoY Change 3.41% -17.84% 1.96%
Cost Of Revenue $4.200M $3.880M $3.660M
YoY Change 14.13% 6.01% -9.58%
Gross Profit $950.0K $1.173M $2.490M
YoY Change -26.36% -52.89% 25.5%
Gross Profit Margin 18.45% 23.21% 40.49%
Selling, General & Admin $1.760M $1.435M $1.416M
YoY Change -5.38% 1.34% -9.29%
% of Gross Profit 185.26% 122.34% 56.87%
Research & Development $100.0K $103.0K $160.0K
YoY Change -56.52% -35.63% -4.19%
% of Gross Profit 10.53% 8.78% 6.43%
Depreciation & Amortization $530.0K $360.0K $340.0K
YoY Change 55.88% 5.88% -15.0%
% of Gross Profit 55.79% 30.69% 13.65%
Operating Expenses $1.870M $1.538M $956.0K
YoY Change -10.53% 60.88% -44.68%
Operating Profit -$920.0K -$365.0K $1.534M
YoY Change 15.0% -123.79% 499.22%
Interest Expense -$160.0K $107.0K $67.00K
YoY Change -328.57% 59.7% -45.53%
% of Operating Profit 4.37%
Other Income/Expense, Net $0.00 $1.000K $0.00
YoY Change -100.0%
Pretax Income -$2.040M -$450.0K $1.501M
YoY Change 183.33% -129.98% 650.5%
Income Tax $0.00 -$17.00K $23.00K
% Of Pretax Income 1.53%
Net Earnings -$2.040M -$433.0K $1.478M
YoY Change 187.32% -129.3% 587.44%
Net Earnings / Revenue -39.61% -8.57% 24.03%
Basic Earnings Per Share -$0.05 $0.18
Diluted Earnings Per Share -$251.5K -$0.05 $0.16
COMMON SHARES
Basic Shares Outstanding 8.108M shares 8.108M shares 8.080M shares
Diluted Shares Outstanding 8.108M shares 8.810M shares

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $390.0K $490.0K $520.0K
YoY Change -11.36% -5.77% -29.73%
Cash & Equivalents $386.0K $492.0K $516.0K
Short-Term Investments
Other Short-Term Assets $800.0K $820.0K $550.0K
YoY Change 3.9% 49.09% -38.2%
Inventory $1.453M $1.480M $1.561M
Prepaid Expenses $798.0K $551.0K
Receivables $1.649M $2.500M $3.227M
Other Receivables $590.0K $1.030M $820.0K
Total Short-Term Assets $4.877M $6.310M $6.674M
YoY Change -27.11% -5.45% -6.3%
LONG-TERM ASSETS
Property, Plant & Equipment $16.14M $16.09M $15.55M
YoY Change 0.92% 3.5% -3.92%
Goodwill $38.00K $1.009M
YoY Change -96.23% -27.04%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.00K $100.0K $34.00K
YoY Change -15.63% 194.12% -17.07%
Total Long-Term Assets $16.25M $17.20M $16.69M
YoY Change -5.09% 3.06% -5.88%
TOTAL ASSETS
Total Short-Term Assets $4.877M $6.310M $6.674M
Total Long-Term Assets $16.25M $17.20M $16.69M
Total Assets $21.13M $23.51M $23.36M
YoY Change -11.28% 0.62% -6.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.965M $3.950M $2.446M
YoY Change 70.3% 61.49% -27.4%
Accrued Expenses $1.089M $820.0K $1.067M
YoY Change -36.32% -23.15% -19.89%
Deferred Revenue
YoY Change
Short-Term Debt $1.360M $1.550M $0.00
YoY Change 1411.11%
Long-Term Debt Due $3.656M $3.863M $786.0K
YoY Change 365.14% 391.48% 0.0%
Total Short-Term Liabilities $13.47M $13.81M $7.933M
YoY Change 44.82% 74.1% -20.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $3.863M
YoY Change -100.0% -100.0% -16.91%
Other Long-Term Liabilities $40.00K
YoY Change 0.0%
Total Long-Term Liabilities $0.00 $0.00 $3.863M
YoY Change -100.0% -100.0% -16.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.47M $13.81M $7.933M
Total Long-Term Liabilities $0.00 $0.00 $3.863M
Total Liabilities $13.67M $14.04M $11.93M
YoY Change 4.46% 17.69% -20.55%
SHAREHOLDERS EQUITY
Retained Earnings -$16.92M -$14.89M -$12.98M
YoY Change 23.59% 14.69% -9.78%
Common Stock $1.989M $1.989M $1.988M
YoY Change 0.05% 0.05% 0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.458M $9.471M $11.43M
YoY Change
Total Liabilities & Shareholders Equity $21.13M $23.51M $23.36M
YoY Change -11.28% 0.64% -6.0%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$2.040M -$433.0K $1.478M
YoY Change 187.32% -129.3% 587.44%
Depreciation, Depletion And Amortization $530.0K $360.0K $340.0K
YoY Change 55.88% 5.88% -15.0%
Cash From Operating Activities $790.0K $140.0K $740.0K
YoY Change -14.13% -81.08% 252.38%
INVESTING ACTIVITIES
Capital Expenditures -$420.0K -$210.0K -$440.0K
YoY Change -47.5% -52.27% 131.58%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$420.0K -$210.0K -$440.0K
YoY Change -44.74% -52.27% 131.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -480.0K 100.0K -260.0K
YoY Change 140.0% -138.46% -168.42%
NET CHANGE
Cash From Operating Activities 790.0K 140.0K 740.0K
Cash From Investing Activities -420.0K -210.0K -440.0K
Cash From Financing Activities -480.0K 100.0K -260.0K
Net Change In Cash -110.0K 30.00K 40.00K
YoY Change 175.0% -25.0% -90.0%
FREE CASH FLOW
Cash From Operating Activities $790.0K $140.0K $740.0K
Capital Expenditures -$420.0K -$210.0K -$440.0K
Free Cash Flow $1.210M $350.0K $1.180M
YoY Change -29.65% -70.34% 195.0%

Facts In Submission

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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
128000 shares
CY2016Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
1174000 USD
CY2015Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
247000 USD
CY2016Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
341000 USD
CY2015Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
408000 USD
CY2016Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
272000 USD
CY2015Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
301000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.012 pure
CY2016Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
120000 sqft
CY2013Q4 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
200000 USD
us-gaap Other Restructuring Costs
OtherRestructuringCosts
117000 USD
us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
60000 USD
CY2015Q2 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
20000 USD
CY2016Q2 us-gaap Percentage Of Debt Hedged By Interest Rate Derivatives
PercentageOfDebtHedgedByInterestRateDerivatives
0.6 pure
CY2016Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
541000 USD
CY2015Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
559000 USD
CY2016Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2015Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2016Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
19000000 shares
CY2015Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
19000000 shares
CY2016Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8107558 shares
CY2016Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8107558 shares
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8105007 shares
CY2015Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8105007 shares
CY2016Q2 us-gaap Inventory Gross
InventoryGross
1748000 USD
CY2015Q3 us-gaap Inventory Gross
InventoryGross
1767000 USD
CY2016Q2 us-gaap Revenues
Revenues
5053000 USD
CY2015Q2 us-gaap Revenues
Revenues
6150000 USD
us-gaap Revenues
Revenues
15287000 USD
us-gaap Revenues
Revenues
17721000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
16000 USD
CY2015Q2 us-gaap Litigation Settlement Expense
LitigationSettlementExpense
20000 USD
us-gaap Litigation Settlement Expense
LitigationSettlementExpense
34000 USD
basi Class Of Warrant Or Rightexpiration Date
ClassOfWarrantOrRightexpirationDate
2016-05-31
CY2015Q2 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
640000 USD
CY2016Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
4000 USD
CY2015Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
0 USD
CY2016Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2015Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
620000 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
606000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
41000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
303000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2016-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
BIOANALYTICAL SYSTEMS INC
dei Entity Central Index Key
EntityCentralIndexKey
0000720154
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
BASI
CY2016Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8107558 shares

Files In Submission

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0001144204-16-119556-index-headers.html Edgar Link pending
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0001144204-16-119556.txt Edgar Link pending
0001144204-16-119556-xbrl.zip Edgar Link pending
basi-20160630.xml Edgar Link completed
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