Core Insights - Better Choice Company Inc. (BTTR) shares have declined 9.4% since the earnings report for Q4 2024, contrasting with a 1.9% decline in the S&P 500 index during the same period [1] - The company reported a net loss per share of 50 cents for Q4 2024, an improvement of 97% year over year [2] - Revenues increased by 26% year over year to $7.2 million, with net losses narrowing by 90% to $1.6 million [3] Financial Performance - Adjusted EBITDA was negative at $0.7 million, but showed year-over-year improvement, indicating cost discipline and operational efficiencies [3] - Gross margin expanded by 2,705 basis points to 36%, driven by stronger volumes and improved terms with manufacturing partners [3] - For the full year 2024, Better Choice reported a net loss of $0.2 million, significantly narrower than the $22.8 million loss in 2023, with loss per share improving to 10 cents from $32.29 [8] Operational Metrics - The company achieved a 32% year-over-year growth in sales through Amazon and Chewy, emphasizing a shift towards higher-margin digital sales channels [4] - SG&A expenses were reduced by 22% in 2024, contributing to a 10% increase in gross profit dollars despite a decline in topline revenue [5] - Inventory was reduced by over 40% year-over-year while maintaining service levels above 95% [4] Strategic Initiatives - CEO Kent Cunningham highlighted 2024 as a transformative year, with strong growth in e-commerce platforms and successful promotions [6] - The company is focusing on high-return e-commerce partners and has exited unprofitable sales channels, which has contributed to improved financial performance [7] - Better Choice entered into an agreement to sell its Halo Asia business for $6.5 million in cash, plus a 3% royalty on future sales [9] Future Outlook - The company expects to close its acquisition of SRx Health Solutions in April, which is anticipated to create a leading global health and wellness platform [10]

Financial Results Announcement - Better Choice Company Inc. announced its financial results for Q4 and the year ended December 31, 2024, on March 27, 2025[4]. - The press release detailing the financial results is attached as Exhibit 99.1[7]. Company Information - The company is listed on NYSE American under the trading symbol BTTR[2]. - The company has not indicated whether it is an emerging growth company[3]. Forward-Looking Statements - The report includes forward-looking statements regarding management's expectations about future performance and operating plans[5].

Financial Data and Key Metrics Changes - The company reported annual net revenues of $35 million, down 9% year-over-year due to strategic exits from non-core sales channels [16] - Gross profit margin increased to 37%, up over 600 basis points from the previous year [7][18] - Adjusted EBITDA loss improved by 78% year-over-year to approximately $1.9 million, compared to $8.4 million in 2023 [24] Business Line Data and Key Metrics Changes - The Halo brand achieved a fourth quarter revenue growth of 26% year-over-year, driven by a 32% increase in sales across Amazon and Chewy [8][9] - The company successfully launched Halo on Chewy Canada, contributing to increased consumer demand [10] - SG&A expenses were reduced by 22% year-over-year, reflecting operational improvements [11][20] Market Data and Key Metrics Changes - International revenue grew by 18%, with significant growth in the Asia Pacific region [17] - The company noted a shift in consumer buying habits towards e-commerce, with a focus on key digital platforms [12][17] Company Strategy and Development Direction - The company is focused on a turnaround strategy to improve profitability and lay the foundation for sustained growth [7] - A definitive agreement was signed to sell Halo in Asia for $6.5 million in cash and a 3% royalty on sales over the next five years [13][14] - The Board approved a royalty distribution plan of up to 55% of annual royalties to shareholders [14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's momentum entering 2025, with a focus on profitable revenue growth and expanding margins [27] - The acquisition of SRx Health is expected to yield operational efficiencies and growth opportunities [30][31] Other Important Information - The company achieved a significant reduction in operating expenses, with a 43% decrease in total operating expenses year-over-year [22] - Cash and cash equivalents as of December 31, 2024, were $3 million, with a net working capital position of $7.9 million [25][26] Q&A Session Summary - The Q&A session was concluded without any recorded questions or answers [33]

Core Insights - Better Choice Company Inc. reported a 26% year-over-year revenue growth in Q4 2024, reaching $7.2 million, driven by a 32% increase in sales through Chewy and Amazon platforms [1][2] - The company improved its loss per share by 97% year-over-year to $(0.50) in Q4 2024, and the adjusted EBITDA loss improved by 80% to $(0.7) million [1][2] - For the full year 2024, the loss per share improved by 100% to $(0.10), and the adjusted EBITDA loss improved by 78% to $(1.9) million [1][2] Q4 2024 Financial Highlights - Revenue increased by 26% year-over-year to $7.2 million [1][6] - Gross margin rose by 2,705 basis points year-over-year to 36% [6] - Net loss improved by 90% year-over-year to $(1.6) million [6] - Adjusted EBITDA loss improved by 80% year-over-year to $(0.7) million [6] Full Year 2024 Financial Highlights - Total net sales for 2024 were $34.975 million, down from $38.592 million in 2023 [11] - Gross profit for 2024 was $12.989 million, compared to $11.797 million in 2023 [11] - Total operating expenses decreased significantly from $32.976 million in 2023 to $18.956 million in 2024 [12] Liquidity and Capital Resources - As of December 31, 2024, cash and cash equivalents were $3.1 million, with an additional borrowing capacity of $2.4 million under its credit facility [5] Management Commentary - The CEO highlighted the momentum from Q3 2024, with confidence in the company's strategy and ability to drive sustained, profitable growth [2] - The CFO noted the focus on sustainable growth, achieving a healthy working capital position of $7.9 million and a $6.2 million gain from debt extinguishment [2]

Core Insights - Better Choice Company is participating in the 2025 Bloom Burton & Co. Healthcare Investor Conference, highlighting its commitment to the pet health and wellness sector [1][2] - SRx Health, a Canadian healthcare service provider, will present at the same conference, showcasing its focus on specialty pharmacy services [1][5] Company Overview - Better Choice Company is dedicated to transforming the pet health industry by offering nutrition-based products aimed at enhancing the health and longevity of pets [3] - The company primarily markets its products under the Halo brand, which emphasizes sustainably sourced ingredients and minimally processed diets [3] SRx Health Overview - SRx Health specializes in the Specialty Pharmacy segment, providing comprehensive healthcare services that include patient support programs and clinical trials [5][6] - The company aims to expand its specialty pharmacy locations from 34 to 100 across Canada, focusing on chronic and rare diseases [6]

TAMPA, Fla., March 24, 2025 (GLOBE NEWSWIRE) -- Better Choice Company (NYSE:BTTR) ("Better Choice" or "the Company"), a pet health and wellness company, today announced that SRx Health's management team will be presenting at the 2025 Bloom Burton & Co. Healthcare Investor Conference at the Metro Toronto Convention Centre, Toronto, Ontario on May 5-6, 2025. 2025 Bloom Burton & Co. Healthcare Investor Conference:Presentation Date: Tuesday, May 6, 2025Presentation Time: 3:30 p.m. ETWebcast:  https://ir.betterc ...

Core Viewpoint - Better Choice Company, Inc. has received shareholder approval for key proposals related to its acquisition of SRx Health Solutions, positioning itself as a leading global health and wellness company in the pet industry [1][3]. Proposal Details - The proposals approved include the issuance of up to 30,000,000 shares of common stock for the acquisition of SRx Health Solutions, changing the company's legal name to "SRX Health Solutions, Inc." and the ticker symbol to "SRXH", and increasing the number of securities under the 2019 Incentive Award Plan [5]. Shareholder Participation - A total of 1,419,942 shares of common stock were voted, representing 71.71% of the total shares issued and outstanding as of the record date for the meeting [2]. Company Overview - Better Choice Company is focused on pet health and wellness, emphasizing a nutrition-based approach to pet products and services, and aims to benefit from trends in pet humanization and consumer health consciousness [3]. - The company primarily sells its products under the Halo brand, which includes sustainably sourced dog and cat food options [3].

TAMPA, Fla., March 17, 2025 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, today announced that its Board of Directors have approved a significant royalty distribution plan for shareholders. Under this new initiative, up to 55% of the annual royalties generated by the Company’s flagship Halo brand will be distributed annually to stockholders of record as of December 31 of the given year. The aggregate amount and ot ...

TAMPA, Fla., March 11, 2025 (GLOBE NEWSWIRE) -- Better Choice Company, Inc. (NYSE American: BTTR) (“Better Choice” or the “Company”), a pet health and wellness company, today announced that it has signed a binding Letter of Intent (LOI) to acquire 100% of Choice Specialty Pharmacy Group (“Seller”), a fully licensed and prominent provider of specialized pharmacy services in the U.S., through an option purchase agreement. This acquisition is expected to further strengthen Better Choice's specialty pharmacy pr ...

Core Viewpoint - Better Choice Company Inc. is set to discuss its financial results for Q4 and full year 2024 in a conference call scheduled for March 27, 2025, at 4:30 p.m. ET [1][3] Company Overview - Better Choice Company Inc. is a rapidly growing pet health and wellness company focused on providing nutrition-based products for pets, aiming to enhance the health and longevity of dogs and cats [4] - The company emphasizes a shift towards pet products that align with trends in pet humanization and consumer health consciousness [4] - Better Choice primarily sells its products under the Halo brand, which includes sustainably sourced kibble, canned food, and minimally processed raw-diet options [4] Conference Call and Webcast Details - The conference call will be accessible via a live call at 1-888-348-8935 or 1-412-317-0454, and a webcast will be available at the provided link [3] - A replay of the webcast will be available for 90 days on the company's website under the 'Events & Presentations' section [3]