---
schema_version: "secwatch.filing_event.v1"
accession: "0001471727-22-000092"
form_type: "8-K"
ticker: "SRXH"
cik: "0001471727"
company_name: "SRx Health Solutions, Inc."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:44:12.442959+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Better Choice Q3 net sales $11.9M (-10% YoY); net loss $6.5M vs $3.5M

## Summary
- Net sales $11.9M, down from $13.2M in Q3 2021; YTD net sales $45.4M, up 30% YoY.
- Gross margin improved to 35% (adjusted 37%) from 29% in Q2 2022; loss from operations $6.4M.
- Extended revolving credit facility to $13.5M, removed going concern language from 10-Q.
- Adjusted EBITDA loss $2.9M vs $1.4M loss in Q3 2021; net loss $6.5M vs $3.5M.
- International net sales up 31% YoY; domestic softness due to channel destocking.

## SEC filing metadata
- accession: 0001471727-22-000092
- form_type: 8-K
- ticker: SRXH
- cik: 0001471727
- company_name: SRx Health Solutions, Inc.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471727/000147172722000092/0001471727-22-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471727/000147172722000092/bttr-20221110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001471727-22-000092
- JSON: https://secwatch.observer/filing/0001471727-22-000092.json
- Plain text: https://secwatch.observer/filing/0001471727-22-000092.txt

## Key facts
- Earnings Releases
  SRx Health Solutions, Inc. reported third quarter ended September 30, 2022 results: revenue $ 11,865, net income $ (6,547), EPS $ (0.22).
  - Period: third quarter ended September 30, 2022
  - Revenue: $ 11,865
  - Net income: $ (6,547)
  - EPS: $ (0.22)
  - Result: reported results
  source text: Better Choice Company Inc. Unaudited Consolidated Statements of Operations (Dollars in thousands, except share and per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Net sales $ 11,865 $ 13,200 $ 45,394 $ 35,019 Cost of goods sold 7,700 8,762 31,795 22,407 Gross profit 4,165 4,438 13,599 12,612 Operating expenses: Selling, general and administrative 10,007 7,745 25,771 21,397 Share-based compensation 562 660 2,454 3,517 Total operating expenses 10,569 8,405 28,225 24,914 Loss from operations (6,404) (3,967) (14,626) (12,302) Other (expense) income: Interest expense, net (142) (79) (324) (3,148) Gain on extinguishment of debt, net — — — 457 Change in fair value of warrant liabilities — 590 — 23,463 Total other (expense) income, net (142) 511 (324) 20,772 Net (loss) income before income taxes (6,546) (3,456) (14,950) 8,470 Income tax expense 1 — 4 — Net (loss) income available to common stockholders $ (6,547) $ (3,456) $ (14,954) $ 8,4
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471727/000147172722000092/0001471727-22-000092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.