Inotiv Receives Targeted Waiver on Liquidity Covenant Tests

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2026.04.21 10:44
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Inotiv, Inc. has received a targeted waiver from lenders regarding its minimum liquidity covenant for specific test dates in April 2026, indicating short-term liquidity pressure while maintaining the overall credit agreement. This waiver avoids broader amendments that could imply extensive restructuring. Analysts rate Inotiv's stock (NOTV) as a Buy with a $1.50 price target, though concerns about financial quality persist, including ongoing losses and high leverage. The company operates in life sciences, providing preclinical and analytical services.