What caused NOTV's surprising Q4 2024 earnings rebound?

Inotiv Inc.'s (NOTV) Q4 2024 earnings rebound can be attributed to several strategic initiatives and operational improvements despite a reported decline in revenue: 1. **Site Optimizations and Expense Reductions**: The company has been working on optimizing its facilities and reducing expenses. These efforts are likely to have improved efficiency and reduced costs, contributing to the rebound in earnings. 2. **Capital Raise and Credit Agreement Amendment**: Inotiv has secured additional liquidity by amending its credit agreement and raising capital. This financial stability allows the company to navigate challenges and invest in growth opportunities. 3. **Strategic Focus on Growth Areas**: Inotiv is focusing on growth areas such as non-human primate (NHP) supply, diet and bedding services, and discovery services. This strategic shift likely improved performance in these segments, supporting the earnings rebound. 4. **Optimistic Outlook for 2025**: Despite the challenges in 2024, Inotiv anticipates industry recovery and growth in 2025. This positive outlook may have boosted investor confidence and contributed to the stock price increase following the earnings release. Overall, Inotiv's Q4 2024 earnings rebound is a result of a combination of strategic initiatives, financial stability, and an optimistic outlook for the future.