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]
Better Choice Company Announces Fourth Quarter and Full Year 2024 Financial Results