Core Insights - IM8 hosted an event called IM8 Vibrante to promote its vision of making elite wellness accessible to all, featuring nearly 150 attendees including wellness influencers and medical advisors [1][2] - The event highlighted IM8's commitment to blending science and holistic health, showcasing its flagship product, Daily Ultimate Essentials, which is designed to replace 16 different supplements [7] Company Overview - IM8 is co-founded by David Beckham and focuses on premium core nutrition, combining advanced science with natural ingredients to promote health [7] - The flagship product, Daily Ultimate Essentials, is NSF Certified for Sport, non-GMO, vegan, and free from common allergens, artificial flavors, colors, and sweeteners [7] Event Highlights - David Beckham shared his personal wellness journey and the positive impact of IM8 on his energy and focus [3] - A panel discussion featured experts discussing longevity and healthspan, emphasizing the importance of quality of life alongside lifespan [3] - Dr. Jim Green presented ongoing research on advanced aging in space, in collaboration with Oxford University and SpaceX [3] Community Engagement - The event underscored the strength of the IM8 ambassador and creator community, which plays a vital role in promoting wellness and engaging audiences [5] - Influencers from platforms like TikTok and Meta showcased their commitment to wellness, aligning with IM8's mission [5] Leadership Perspective - Danny Yeung, CEO of IM8, expressed pride in the progress made and the inspiring energy of the community at the event [6]

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]