Welcome to our dedicated page for Better Choice Co news (Ticker: BTTR), a resource for investors and traders seeking the latest updates and insights on Better Choice Co stock.
The BTTR news page on Stock Titan provides an archive of news releases and corporate updates for Better Choice Company Inc., which historically traded under the BTTR ticker on the NYSE American. These news items document the company’s activities as a pet health and wellness business and its subsequent transformation through a business combination and name and ticker change.
Readers can review announcements describing Better Choice’s focus on pet health and wellness products designed to help dogs and cats live healthier, happier and longer lives. The company has highlighted its alternative, nutrition-based approach to pet health, its emphasis on the Halo brand for dog food, cat food and treats, and its efforts to align with trends in pet humanization and health and wellness. News releases also discuss transactions such as the sale of Halo’s business in Asia while retaining key North American operations and global operations outside of Asia.
A key theme in the BTTR news archive is the corporate evolution of Better Choice Company Inc. through its business combination with SRx Health Solutions, Inc. and the resulting name and ticker change to SRx Health Solutions Inc. and SRXH. News items describe the closing of this business combination, the related private placement, the spin-out distribution involving Halo Spin-Out SPV Inc., and the effective date for trading under the new SRXH symbol on the NYSE American.
Investors and researchers can use this BTTR news history to understand how Better Choice presented its pet health and wellness strategy, brand portfolio and capital markets actions leading up to and including the transition to SRx Health Solutions Inc. For current developments, company communications direct attention to the SRXH ticker, while the BTTR news archive remains a resource for historical context.
Better Choice Company Inc. (NYSE American: BTTR) reported strong Q2 2024 results, with net income increasing 190% to $2.7 million year-over-year. EPS grew 170% to $2.98, and Adjusted EBITDA improved 98% to nearly break-even. The company recognized a $3.6 million gain on extinguishment of debt. Revenue increased 8% to $8.5 million from Q1 2024, while gross margin improved 403 basis points to 38% year-over-year. Operating loss decreased 72% to $(0.7) million. The company's strategic shifts are showing positive results, with 27% growth in the International channel and 11% growth in the Digital channel. Better Choice is focusing on the Halo brand, targeting the $50 billion US & Canada pet food markets and the $30 billion Asia-Pacific region.
Better Choice Company (NYSE American: BTTR), a pet health and wellness company, has announced its upcoming Second Quarter 2024 Financial Results Conference Call. The event is scheduled for Tuesday, August 13, 2024, at 4:30 p.m. ET. Investors and interested parties can join the live call by dialing 1-844-826-3035 (US) or 1-412-317-5195 (international). Alternatively, a webcast will be available for those unable to join the conference call. The webcast replay will remain accessible for 90 days under the 'Events & Presentations' section of the company's website. This call will provide an opportunity for Better Choice to discuss its Q2 2024 financial performance and offer a business update to shareholders and analysts.
Better Choice Company Inc. (NYSE American: BTTR) has formed a special committee to evaluate M&A and asset monetization opportunities. The committee, consisting of Lionel Conacher, John Word III, and Michael Young, will explore options including joint ventures, acquisitions, and dispositions. This move follows the termination of Alphia Inc's right of first refusal, which had previously hindered the company's ability to pursue corporate transactions.
Michael Young, Chairman of Better Choice, stated that this development removes a major obstacle in the company's pursuit of transactions that could benefit shareholders. The committee may also re-engage with candidates who had previously expressed interest in discussions with the company.
Better Choice Company Inc. (NYSE American: BTTR) has announced positive preliminary financial results for Q2 2024. The pet health and wellness company estimates:
- Net income of $2.7 million for Q2 2024, a 190% increase year-over-year (YOY)
- Basic EPS of $2.98 per share for Q2 2024, a 170% increase YOY
- Halo, its premium pet food asset, breaking even with $0.02 million Adj. EBITDA for H1 2024, a 101% increase YOY
The company also reported a 20% improvement in cash used in operating activities for H1 2024. CEO Kent Cunningham attributed the improved performance to debt retirement, strong topline sales growth, and renewed focus on the Halo brand.
Better Choice Company Inc. (NYSE American: BTTR) has closed its public offering of 639,000 common stock shares and Pre-funded warrants for 1,028,000 shares. The offering was priced at $3.00 per share, raising approximately $5 million in gross proceeds. ThinkEquity acted as the sole book-running manager. The company plans to use the net proceeds for general corporate purposes, including working capital, sales and marketing, and operating expenses. Better Choice has also granted underwriters a 45-day option to purchase up to an additional 100,000 shares or Pre-Funded Warrants at the public offering price less the underwriting discount.
Better Choice Company Inc. (NYSE American: BTTR) has successfully closed its public offering, raising approximately $5 million in gross proceeds. The offering included 639,000 shares of common stock and Pre-Funded Warrants to purchase 1,280,000 shares, both priced at $3.00 per share. ThinkEquity acted as the sole book-running manager for the offering. The company plans to use the net proceeds for general corporate purposes, including working capital, sales and marketing, and operating expenses. Additionally, Better Choice has granted the underwriters a 45-day option to purchase up to an additional 100,000 shares of common stock and/or Pre-Funded Warrants at the public offering price less the underwriting discount.
Better Choice Company Inc. (NYSE American: BTTR), a pet health and wellness company, has announced the pricing of its underwritten public offering. The company is offering 1,667,000 shares of common stock (or pre-funded warrants) at $3.00 per share, aiming to raise approximately $5 million in gross proceeds. ThinkEquity is acting as the sole book-runner for the offering, which is expected to close on July 31, 2024. Better Choice has granted underwriters a 45-day option to purchase up to an additional 100,000 shares. The company plans to use the net proceeds for general corporate purposes, including working capital, sales and marketing, and operating expenses.
Better Choice Company (NYSE American: BTTR) received a notice on July 9, 2024, from NYSE American , confirming the acceptance of the firm's plan to regain compliance with Sections 1003(a)(i) and (ii) of the Company Guide. The notice indicated that the company was not in compliance due to stockholders' equity of $1.1 million as of March 31, 2024, and losses from continuing operations in three of the last four fiscal years ended December 31, 2023.
The company's listing will continue under an extension with a target completion date of October 24, 2025. Better Choice will provide quarterly updates to NYSE American on its progress toward achieving compliance.
Better Choice Company (NYSE: BTTR) announced the retirement of substantial debt obligations and the settlement of litigation with Alphia. The Company will retire $5 million in senior secured debt plus $0.4 million in accrued interest and eliminate $5 million of other indebtedness at a 56% face value reduction within 90 days, saving up to $2.7 million. Additionally, 335,640 outstanding warrants with an $11.44 strike price have been retired. Michael Young, Chairman, highlighted that these actions position the Company for growth and profitability, reinforced by confidence in the leadership team.
Better Choice Company (NYSE American: BTTR) received a warning letter from NYSE Regulation for noncompliance with the NYSE American Company Guide.
The company failed to notify the exchange at least ten minutes prior to its first-quarter 2024 results announcement on May 17, 2024, as required by Section 401(a).
The warning was issued on May 21, 2024, as per Section 1009(a)(i) of the Company Guide.