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 (NYSE American: BTTR) announced its Q1 2024 results, highlighting a 28% year-over-year improvement in EPS to $(3.60) and a 27% growth in Adjusted EBITDA to $(1.4) million, with an Adjusted EBITDA margin of (18)%. The company reported a net revenue of $7.9 million, primarily driven by its Halo Holistic® product line.
Net loss improved by 19% to $(2.8) million, and gross margin stood at 33%. The Halo Elevate line, launched on Chewy, gained consumer traction with an average rating of 4.6 stars. CEO Kent Cunningham emphasized the company's digital-first strategy and inventory optimization, reducing inventory levels by 50% over the past 15 months and achieving a 96% fill rate.
Despite a decline in net sales from $9.2 million to $7.9 million, the company has shown progress in operational efficiency and cost management. However, operating expenses remain high at $5.1 million, and interest expenses increased to $362,000. The company's assets decreased to $15.4 million from $16.7 million, with liabilities at $14.3 million.
Better Choice Company (NYSE: BTTR) is encouraged by the potential DEA reclassification of marijuana. The company's subsidiary, Bona Vida CBD Dog and Cat treats, remains a significant asset with promising benefits. Chairman Michael Young is optimistic about the evolving regulatory environment in the cannabis industry.
Better Choice Company Inc., a pet health and wellness company listed on NYSE American under the symbol BTTR, received a notice of noncompliance with NYSE American listing standards due to insufficient stockholders' equity and recurring losses. The company must submit a compliance plan by May 24, 2024, to address the deficiencies and risks potential delisting if not resolved by October 24, 2025.
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